SAI Chief Criticizes 2% Interest Rate Cut, Urges 5% Reduction
Raising Interest Rate to only 13% Will Not Benefit Pakistan’s Economy: Ahmed Azeem Alvi: KARACHI: Ahmed Azeem Alvi, President of the SITE Association of Industry Karachi, has called the State Bank of...
View ArticleThar Foundation Launches Skill Development Program for Export-Quality Garments
Thar Foundation, the CSR wing of Thar Block II entities, has joined hands with the Sindh Technical Education and Vocational Training Authority (STEVTA) and Shahid Afridi Foundation (SAF) to sign a...
View ArticleLaunch of New eCIB System (V2)
State Bank of Pakistan has launched the new eCIB System (V2), an advanced version of its Electronic Credit Information Bureau (eCIB). The new system will become operational w.e.f. January 1, 2025 to...
View ArticleEmirates introduces experiential Travel Store in Karachi, as first expansion...
Karachi: Emirates, the world’s largest international airline, has officially launched its new Travel Store in Karachi, making it the airline’s first experiential retail concept to be rolled out in West...
View ArticleTetra Pak launches its first-ever Sustainability Report for Pakistan
Company Targets 35,000 Tons of Carton Recycling by 2025: Islamabad: Tetra Pak, a global leader in food processing and packaging solutions, has launched its inaugural Sustainability Report for Pakistan,...
View ArticleTürkiye’s Envoy Lauds EFP’s Innovative Strategy to Boost Turk-Pakistani Trade
KARACHI: H.E Cemal Sangu, Consul General of Türkiye, stated that “formidable efforts must be made by private sectors of Türkiye and Pakistan to boost up bilateral trade as well as investment. Time is...
View ArticlePakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 16,632.7 million as of 13-Dec-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves held by the State...
View ArticleSBP Releases its First Quarterly Review of Payment Systems for FY 25
The State Bank of Pakistan (SBP) has released its Quarterly Payment Systems Review for Q1 FY25, highlighting significant strides in Pakistan’s journey toward a cashless and digitally inclusive economy....
View ArticleFaceless Customs Clearance Assessment system Commercial Importers Urge FBR to...
KARACHI: Salim Valimohammad, Chairman of the Pakistan Chemicals & Dyes Merchants Association (PCDMA), has expressed deep concern over the significant backlog of consignments at the ports, caused by...
View ArticlePTCL partners with IBM & GBM Pakistan to modernize its IT infrastructure...
Islamabad: Pakistan Telecommunication Company Limited (PTCL), the country’s leading ICT services provider, has partnered with GBM Pakistan and IBM to modernize IT infrastructure. This strategic...
View ArticleBuild Asia to be held on Dec 24-26
KARACHI: Pakistan’s flagship event for real estate, construction, and allied sectors will be held on December 24-26 at the Karachi Expo Center. The three-day event will showcase the latest trends,...
View ArticlePak Exports to U.S. Can Potentially Be Doubled Bilateral Trade Volume Crosses...
Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has apprised that U.S. is one of the few countries in the world with which Pakistan enjoys a bilateral trade surplus; and, Pak – U.S. trade volume had...
View ArticleSindh Govt plans a mega construction project to attract investors and...
KARACHI: The government of Sindh is working aggressively to boost economic activities across the province, including a mega construction project in Karachi to attract foreign investors and overseas...
View ArticleOver $100 million in business deals signed in Build Asia 2024
KARACHI: The 18th edition of Build Asia 2024 witnessed handsome business activities with over $100 million deals were signed between foreign and local companies and buyers, in heavy machinery,...
View ArticlePakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 16,371.5 million as of 20-Dec-2024. The break-up of the foreign reserves position is as under: Foreign reserves held by the State Bank...
View ArticleResult of SBP OMO Injection
Result of SBP Open Market Operations (OMO) Injection Result of SBP Open Market Operations (OMO) Injection Result of SBP Shariah Compliant (OMO)-Injection Result of SBP Shariah Compliant (OMO)-Injection...
View ArticleDespite ups & downs, Pakistan-US trade remains consistent: Envoy Work...
KARACHI: Pakistan’s Ambassador to the United States, Rizwan Saeed Sheikh has stated that while the relationship between Pakistan and the US has experienced numerous ups and downs during the last 77...
View ArticleBank Holiday
The State Bank of Pakistan will remain closed for public dealing on Wednesday, January 01, 2025, which will be observed as ‘Bank Holiday’. All banks / DFIs / MFBs shall, therefore, remain closed for...
View ArticleCorporate Sector Investing in Agriculture
Karachi: The corporate and financial sector of Pakistan are investing to develop the agriculture sector. This view emerged at the launch of The State of Pakistan’s Agriculture 2024 report by Pakistan...
View ArticleEFP and MUSIAD Sign MoU to Boost Pakistan-Türkiye Bilateral Trade
KARACHI: In a significant step toward enhancing bilateral trade and investment, the Employers’ Federation of Pakistan (EFP) and MUSIAD (Independent Industrialists and Businessmen’s Association of...
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