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KSE-100 gains on anticipation of reduction in key policy rate
KARACHI: Bullish sentiments were witnessed at Pakistan Stock Exchange (PSX), as further reduction in policy rate by State Bank of Pakistan announced, with benchmark KSE-100 Index closing higher by 366 points. KSE-100 saw some selling in first half, h...
2% cut in interest rate not in line with declining inflation: expert
KARACHI: Acting President Karachi Chamber of Commerce & Industry (KCCI) Altaf A. Ghaffar, while commenting State Bank’s decision to reduce the interest rate by 2 percent to 17.5 percent, stated today that although KCCI was expecting substan...
SBP reduces key policy rate by 200bps, brings it down to 17.5pc
Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) unleashed its most aggressive reduction in key policy rate since April 2020, cutting it by 200 basis points (bps) to bring it down to 17.5 percent amid slowing inflation and declining in...
Sindh energy ministry backs IEEEP fair: Nasir Shah
KARACHI: Minister of Energy, Government of Sindh, Syed Nasir Hussain Shah has said that his department stands fully committed to support the IEEEP Fair. "We will work closely along with our support departments in the ministries of Investment, Plannin...
US, Pakistan negotiate creation of commodities market to strengthen agri sector
ISLAMABAD: Top officials from the United States and Pakistan convened yesterday to explore the potential establishment of a commodities market in Pakistan, aimed at enhancing the country's agricultural sector. The discussion took place during a meeti...
K-Electric vows to combat power theft despite challenges
KARACHI: K-Electric's aggressive citywide anti-theft crackdown is being fiercely resisted by the "kunda mafia" who are resorting to blocking roads and disrupting the city to maintain their illegal connections over settling their outstanding dues, the...
FinMin reaffirms commitment to overhaul power sector
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, underscored the government's commitment to overhauling Pakistan's power sector during a meeting on Tuesday. The minister highlighted ongoing structural reforms aimed at...
PSX experiences decline, dips by 282.72 points
KARACHI: On the first business day of the week, the KSE 100-Index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend, losing 282.72 points, a negative change of 0.36 percent before closing at 78,615.00 points against 78,897.73 points on t...
EFP, ILO and govt unite to eliminate forced labor
KARACHI: The Employers Federation of Pakistan (EFP), in collaboration with the International Labour Organization (ILO), under the BRIDGE Project funded by the U.S. Department of Labor (USDOL), hosted a National Conference on the Elimination of Forced...
IMF raises alarm on growing circular debt in Pakistan's power sector
ISLAMABAD: The International Monetary Fund (IMF) has raised alarms regarding the escalating circular debt in Pakistan's power sector, as reported by a private news channel citing well-informed sources. During recent virtual discussions, Pakistani au...
