Karachi: Oil and Gas Development Company Limited (OGDCL) has been honored with the ‘Best Director Development Award’ at The Directors Summit 2024, highlighting its commitment to corporate governance and leadership within State-Owned Enterprises.Accordi…
General
This category covers all General news from Business News Pakistan
UNISAME Urges SMEDA CEO to Amplify SME Concerns to Prime Minister for Economic Growth
Islamabad: The Union of Small and Medium Enterprises (UNISAME) has called on Socrat Aman Rana, the CEO of the Small and Medium Enterprises Development Authority (SMEDA), to effectively represent the interests of SMEs to Prime Minister Shehbaz Sharif. U…
OGDCL Chairman Cautions Against Hasty Privatization Without Robust Regulation
Islamabad: During a recent virtual address at the ‘Directors Summit 2024,’ Zafar Masud, Chairman of the Oil and Gas Development Company Limited (OGDCL), stressed the necessity of strengthening regulatory frameworks before proceeding with the privatizat…
SAI President Advocates for Substantial Interest Rate Cuts and a Defined Economic Strategy
Karachi: Muhammad Kamran Arbi, President of the Site Association of Industry (SAI), has expressed dissatisfaction with the State Bank of Pakistan’s (SBP) recent 2% reduction in interest rates, advocating for a more significant cut to single digits to b…
State Bank of Pakistan Announces Significant Policy Rate Cut Amid Favorable Economic Conditions
Karachi: The State Bank of Pakistan (SBP) has implemented a substantial policy rate cut of 200 basis points, bringing it down to 17.5%, as announced in their recent monetary policy update. This adjustment marks the third consecutive reduction in the on…
Finance Ministry to Link Pension Increases to Inflation for Civil Servants
Islamabad: In a significant shift from previous policies, the Finance Ministry plans to adjust pensions for retired civil servants based on inflation rather than a fixed rate. This change, set to be implemented over the next two years, aims to tie a su…
Islamabad Property Sales Event to Showcase Over 20 Premium Real Estate Developments
Islamabad: Ready your calendars for an unparalleled real estate opportunity as Zameen.com hosts its Property Sales Event (PSE) this Saturday at the Grand Ballroom Marriott Hotel. From morning till evening, the event will display a range of top-tier res…
Hashoo Group Partners with DHA Multan to Launch Commercial Mall and Villas
Multan: In a move set to redefine the landscape of Multan’s real estate sector, Pearl Real Estate Holdings Pvt. Ltd. (PREH), a subsidiary of Hashoo Group, has entered into a collaborative agreement with DHA Multan for the development of a new commercia…
SBP Lowers Key Policy Rate to 17.5% to Mitigate Inflation Pressures
Islamabad: In a strategic move, the State Bank of Pakistan (SBP) has decided to reduce its key policy rate by 200 basis points, adjusting it from 19.5% to 17.5%. This rate cut is part of the SBP’s broader objective to manage inflation expectations and …
DHA Peshawar Initiates Direct Sale of Limited Residential and Commercial Plots
Peshawar: The Defence Housing Authority (DHA) Peshawar has initiated a direct sale of a limited number of residential and commercial plots. These plots are available for purchase either through easy installment plans or a lump sum payment, catering to …