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BUSINESS
SBP maintains policy rates at 22 % for now
KARACHI : Sept 14: At its meeting today, the Monetary Policy Committee (MPC) decided to maintain the policy rate at
22 percent. This decision takes into account the latest inflation outturn reflecting the continuing declining
trend in…
Saudia takes 3rd position among top 10 global airlines in on-time performance
Jeddah, (Saudi Arabia): September 13: Saudi Arabian Airlines (SAUDIA) has taken third position among the top 10 international airlines in terms of on-time performance in July 2023, according to Cirium’s monthly On-time Performance Report.…
“Hawala”, “Hundi” boomed in Ishaq Dar’s LCs ban regime
KARACHI: Sept 7: Apprehensions of a crackdown on illegal currency trading has stopped upward trend in dollar value in the local currency market.
After weeks of surge, US dollar lost its value by Rs 1 and settled at Rs 306 in interbank on…
SBP decides to create another monster of forex exchanges
KARACHI: Sept 6 : At a time when forex exchanges' credibility is at the lowest ebb, the State Bank of Pakistan has decided to introduce structural reforms in the Exchange Companies’ sector and
as part of these reforms, leading banks…
SECP issues Shariah compliance certificate to startup
ISLAMABAD, September 6: The Securities and Exchange Commission of Pakistan (SECP) has issued a Shariah compliance certificate to a licensed non-banking finance company (NBFC) offering Buy Now Pay Later (BNPL) services on the Shariah…
EAP demands end to free power provision, excessive billing
ISLAMABAD. Sept 3 : Caretaker federal minister for Commerce and Trade, Dr Gihar Ejaz, has said the positive initiatives and attitude of Pakistani exporters will enhance Pakistan's case to the European Union (EU) for the next grant of GSP…
Renowned business leader Mehwish Ali appointed as president Pakistan Business Forum
ISLAMABAD : Sept 2: Mehwish Ali, a renowned businessperson and an Islamabad-based social activist , has been nominated as a president Pakistan Business Forum. Mehwish Ali hails from the federal territory and has businesses in the United…
Reforms only way forward for addressing fiscal woes : Dr Shamshad
ISLAMABAD, August 31: The Federal minister for Finance and Revenue, Dr Shamshad Akhtar, reiterated the Government's commitment to resolving structural issues.
Speaking at the roundtable conference on "Journey to an Insured Pakistan",…
Financial crisis of Pakistan deepens as dollar value goes up alarmingly
ISLAMABAD:August 29,2023: Pakistan's economic crisis seems far from over as the increase in US dollar's value is adding to the on-going multifaceted uncertainty in the country. It's not the currency market only which is in the shock due to…
ECC.slaps ban on sugar export with immediate effect
ISLAMABAD : August 28,2023: The Economic Coordination Committee (ECC) of the federal cabinet on Monday banned sugar exports with immediate effect. This is a very important decision taken by the caretaker set-up in days after taking charge…
