Karachi: The State Bank of Pakistan (SBP) has reduced its policy rate by 100 basis points, bringing it down to 19.5%. This move comes as part of the central bank’s ongoing efforts to manage economic stability while targeting long-term inflation goals. …
Karachi: Leaders of the United Business Group (UBG), including S.M. Tanveer, Zubair Tufail, Khalid Tawab, Hanif Gohar, and Syed Mazher Ali Nasir, have called for more aggressive cuts to the policy rate than the recent 100 basis points reduction made by…
Karachi: The Korangi Association of Trade and Industry (KATI) has voiced strong criticism of the State Bank of Pakistan’s recent decision to reduce the interest rate by only 100 basis points to 19.5%. KATI President Johar Qandhari described the adjustm…
Karachi: The Exchange Companies Association of Pakistan reported minor fluctuations in currency exchange rates over the last two days, reflecting a stable yet dynamic forex market in the region. Rates for major currencies like the USD, Euro, and GBP sa…
Karachi: Iftikhar Ahmed Sheikh, President of the Karachi Chamber of Commerce and Industry (KCCI), has expressed disappointment with the State Bank of Pakistan’s recent decision to reduce the interest rate by only 1 percent to 19.5 percent. The KCCI h…
Islamabad: The Capital Development Authority (CDA) is taking significant strides to enhance the industrial and recreational infrastructure of Islamabad, as evidenced by a series of site visits conducted by CDA Chairman Muhammad Ali Randhawa on July 29….