Karachi: The State Bank of Pakistan has released the latest weighted average customer exchange rates, providing updated figures for buying and selling various foreign currencies against the Pakistani Rupee. The data, which reflects rates as of May 5, …
Karachi: At a recent gathering in Karachi, business leaders highlighted the critical role young entrepreneurs from the Chiniot community play in bolstering Pakistan’s economy. Anjum Nisar, former President of the Karachi Chamber of Commerce and Indust…
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…