Karachi: The State Bank of Pakistan (SBP) has decided to maintain its policy rate at 11.0%, citing a worsening inflation outlook driven by adjustments in energy prices, increased economic activity, and a potential widening of the trade deficit. This d…
KARACHI: The President of the SITE Association of Industry, Ahmed Azeem Alvi, has voiced significant concern regarding the State Bank of Pakistan’s decision to maintain the policy rate at 11%. According to a statement from Mr. Alvi, the central bank’s…
Karachi: According to an analysis by AKD Securities Limited, Engro Polymer and Chemicals Limited (EPCL) is expected to post a loss of PkR829 million for the second quarter of the calendar year 2025. This is a continuation of the financial challenges f…
Karachi: TPL Properties has initiated construction on Lagoon Views 1, the first residential tower of The Mangrove, Karachi’s pioneering mixed-use sustainable development located at Cantonment Board Korangi Creek. The groundbreaking ceremony, held on J…
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has announced an upgrade in the entity ratings of Jazaa Global (Private) Limited, citing the company’s strategic expansion toward a diversified revenue base. This move reflects Jazaa’s strengt…
Karachi: The Exchange Companies Association of Pakistan has released new foreign currency exchange rates, indicating minor fluctuations across various currencies. The rates, dated July 30, 2025, show changes in buying and selling prices for key foreig…