Karachi: The latest currency exchange rates issued by the Exchange Companies Association of Pakistan reveal modest fluctuations in major currencies over recent days, with the US dollar, Euro, and British pound showing slight increases in both buying a…
Karachi: The President of the Karachi Chamber of Commerce and Industry (KCCI), Muhammad Jawed Bilwani, has voiced concerns over the State Bank of Pakistan’s recent decision to lower the interest rate by 2.5 percent to 15 percent, arguing that it does …
Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is calling for crucial amendments to the Petroleum Act of 1934 to better align with contemporary industrial needs and practices. FPCCI President, Mr. Atif Ikram Sheikh, high…
Karachi: The Korangi Association of Trade and Industry (KATI) has endorsed the recent 2.5% reduction in interest rates by the State Bank, urging further cuts to stimulate economic growth and address capital shortages in the industrial sector. KATI Pre…
Karachi: The State Bank of Pakistan (SBP) has reduced its policy rate by 250 basis points to 15.0%, a decision influenced by a faster-than-expected decline in inflation, now nearing the central bank’s medium-term target. This rate cut was part of broa…
Karachi: Fly Jinnah, Pakistan’s burgeoning low-cost airline, has announced the launch of a new direct flight route between Lahore’s Allama Iqbal International Airport and King Fahd International Airport in Dammam, Saudi Arabia, starting November 16. T…