KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has expressed disappointment over the State Bank of Pakistan’s recent decision to reduce the policy interest rate by 1 percent, bringing it down to 11 percent. The chamber’s president, Muham…
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained its stability rating for the MCB Cash Management Optimizer (MCB CMOP), a leading money market fund in Pakistan. This affirmation underscores the Fund’s commitment to offering co…
KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Muhammad Jawed Bilwani, has raised serious concerns regarding the Tax Laws (Amendment) Ordinance, 2025, highlighting its potential adverse effects on the business community and…
Karachi: The Exchange Companies Association of Pakistan (ECAP) reported the closing exchange rates for various currencies as of May 5, 2025. The rates reveal the current state of international currency exchanges in the open market.
The US dollar mai…
KARACHI: The Pakistan Chemicals and Dyes Merchants Association (PCDMA) has voiced strong objections to the Income Tax Laws (Amendment) Ordinance 2025, labeling it as an unfair imposition. The association is calling on President Asif Ali Zardari and th…
Karachi: The State Bank of Pakistan has disclosed updated financial figures relating to the ceiling and floor limits for May 5, 2025, according to a recent press release.
The data indicates that the ceiling amount set by the bank stands at 63,800, w…