Islamabad: Prime Minister Shehbaz Sharif has expressed satisfaction over one percent reduction in policy rate announced by the State Bank of Pakistan: In a statement, he said the one percent cut down in the policy rate is a welcoming step for business…
KARACHI: The Pakistan Vanaspati Manufacturers Association (PVMA) Chairman, Sheikh Umer Rehan, praised the State Bank of Pakistan’s decision to cut the policy rate by 100 basis points to 11%. However, he cautioned that this measure alone is insufficien…
Karachi: In a notable development for the oil market, the Oil Marketing Companies (OMCs) have reported a significant increase in sales, with volumes reaching 1.5 million tons in April 2025, marking a 32% year-on-year and 20% month-on-month increase. T…
Islamabad: Finance Minister Muhammad Aurangzeb has reaffirmed the government’s commitment to fostering a supportive business environment for both domestic and foreign investors. He conveyed this during a meeting with a high-level delegation from the U…
Karachi: The State Bank of Pakistan released data on its overnight repo and reverse repo facilities, providing insights into the country’s financial liquidity landscape. On May 5, 2025, one institution accessed the SBP’s overnight repo facility, borro…
KARACHI: The Exchange Companies Association of Pakistan released the latest foreign currency exchange rates, indicating slight fluctuations across several currencies compared to previous figures.
The US dollar is now trading between 281.46 and 282….