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Category: Business

Pakistan’s IT Export Growth Shows Promise Amid Monthly Decline

Karachi: Pakistan’s information technology exports increased by 13% year-over-year to $373 million in May 2026, despite a 12% decline from the previous month. The drop in monthly figures is attributed to fewer working days due to the Eid holidays.

SBP Maintains Policy Rate at 11.5% Amid Global Oil Price Surge

Karachi: The State Bank of Pakistan (SBP) has decided to keep its policy rate steady at 11.5% during its June 2026 Monetary Policy Committee (MPC) meeting. The decision comes amid rising global oil prices attributed to the ongoing conflict in the Midd…