Monetary Policy Statement September 12, 2024
1. At its meeting today, the Monetary Policy Committee (MPC) decided to cut the policy rate by 200 bps to 17.5 percent, effective from September 13, 2024. Both headline and core inflation fell sharply...
View ArticleSAI Chief Calls for Clear Roadmap and Single-Digit Interest Rates
KARACHI: Muhammad Kamran Arbi, President of the Site Association of Industry (SAI), has criticized the State Bank of Pakistan’s (SBP) recent 2% cut in the interest rate, arguing that a more substantial...
View ArticleCCP issues show cause notices to ten steel suppliers for collusive bidding
ISLAMABAD: The Competition Commission of Pakistan (CCP) has issued show cause notices to ten steel structure suppliers involved in procurement tenders floated by various Distribution Companies (DISCOs)...
View ArticleKCCI appeals CM, Mayor to take concrete steps for improving Karachi’s...
KARACHI: Acting President Karachi Chamber of Commerce & Industry (KCCI) Altaf A. Ghaffar has fervently appealed Chief Minister Sindh Murad Ali Shah and Mayor Karachi Murtaza Wahab to take concrete...
View ArticleFresh anti-gas theft arrests, prosecution successes continues along with...
SSGC continued to tighten the noose on gas theft miscreants through multiple targeted raids in its franchise provinces of Sindh and Balochistan. In fresh set of raids, a few arrests were made and...
View ArticleIsmail Suttar Urges Punjab Govt to Consult Stakeholders Before Raw Pink Salt...
KARACHI: Ismail Suttar, the Founding Chairman of the Salt Manufacturers Association of Pakistan (SMAP), has expressed deep concern over the recent announcement by Chief Minister of Punjab, Maryam Nawaz...
View ArticleBMA Seeks High Court Oversight for KCCI Election Amid Election Commission...
KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) elections for 2024-26 are being marred by the Election Commission’s blatant support for the ruling group BMG, using dubious tactics to...
View ArticleJS Global Capital shines at the 21st Annual Excellence Awards by CFA Society...
Karachi: JS Global Capital Limited (JSGCL), Pakistan’s premier investment firm, has further elevated the industry benchmark with a historic and unprecedented win in all 5 awards under the Brokerage...
View ArticleChange of Name “ADVANS Pakistan Microfinance Bank Limited.” to “Halan...
It is to inform that the name of the “ADVANS Pakistan Microfinance Bank Limited” has been changed to “Halan Microfinance Bank Limited” with effect from September 16, 2024. Halan Microfinance Bank...
View Article3 Notable Pakistani Companies are set to Showcase Innovations at Intersec...
Intersec Saudi Arabia, the leading trade fair for safety, security, and fire protection, will return for its sixth edition from October 1 to 3, 2024, at the Riyadh International Convention and...
View ArticleKCCI Elections: Ruling Group BMG Fears Defeat, Turns to Court to Halt Elections
KARACHI: The Businessmen Group (BMG), which has dominated the Karachi Chamber of Commerce & Industry (KCCI) for decades, is panicking due to the certainty of its defeat in the upcoming 2024-26...
View Article3,000 Charging Stations for Electric Vehicles to be Established Across the...
Karachi: An agreement has been reached between the Chinese investment company ADM Group and two local companies, Malik Enterprises and Indus Valley, for the provision of electric vehicle...
View ArticleCCP Scrutinizes Misleading Discount Advertisements
ISLAMABAD: The Competition Commission of Pakistan (CCP), while taking action against retailers advertising discounts as “up to a percentage” during the “End of Season Sales” issued notices to 20...
View ArticleBadiuddin Akber, CEO-CDC elected as Chairman of Executive Committee of...
Karachi: Badiuddin Akber CEO-Central Depository Company of Pakistan Limited has been elected as the Chairman of Executive Committee of Asia-Pacific Central Securities Depositories Group (ACG) for the...
View ArticlePak-Qatar Family Takaful Limited has been assigned initial Asset Manager...
Karachi, Pakistan – Pak-Qatar Family Takaful Limited (PQFTL), a leading and pioneer provider of Family Takaful solutions in Pakistan and part of Pak-Qatar Group, has been assigned the Asset Manager...
View ArticleJubilee Life Insurance Accelerates Net Zero Transition with Spectreco
Karachi: In a pioneering move towards sustainability, Jubilee Life Insurance, Pakistan’s largest private sector insurance company, has partnered with Spectreco to spearhead its transition to Net Zero....
View ArticleHamdard University selects PTCL to expedite the Digital Transformation Journey
Karachi: Pakistan Telecommunication Company Limited (PTCL) and Hamdard University, a part of Hamdard Foundation, have entered a strategic partnership for the provisioning of managed ICT & Mobility...
View ArticleAbdullah Zaki appointed as Member of KPT’s Board of Trustees
KARACHI: Former President Karachi Chamber of Commerce & Industry (KCCI) Abdullah Zaki has been appointment as Member of Board of Trustees of Karachi Port Trust (KPT). According to a notification...
View ArticleCCP approves Nishat Chunian Group’s corporate restructuring under scheme of...
ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved internal restructuring involving M/s. Nishat Chunian Limited (NCL), M/s. Nishat Chunian Power Limited (NCPL), M/s. Nishat Mills...
View ArticleEmirates commits support to Asia Rugby to broaden reach and appeal of sport...
Karachi: Emirates has announced a new multi-year partnership as the Title Sponsor of Asia Rugby, furthering its commitment to growing the sport in untapped markets across Asia. The partnership will...
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