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KCCI demands up to 500bps cut in policy rate
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) demanded upto 500 basis point system cut in policy rate. Zubair Motiwala Businessmen Group leader has urged authorities to cut markup rate down to 14.5 percent from current 19.5 percent interes...
Govt fails to get $7bn loan approval deadline from IMF
ISLAMABAD: Virtual discussions between officials from Finance Ministry and International Monetary Fund (IMF) mission took place, focusing on critical issues of external financing and revenue generation. Despite ongoing negotiations, no deadlin...
KSE-10 closes green on oil, gas
KARACHI: Pakistan Stock Exchange (PSX) witnessed bullish sentiment as its benchmark KSE-100 rallied 492 points. KSE-100 started session with buying spree, hitting an intra-day high of 78,890.79 in first half and bulls managed to maintain their grip t...
Aurangzeb engages with J.P. Morgan on investment opportunities
ISLAMABAD: Minister for Finance and Revenue Muhammad Aurangzeb held meeting with delegation of international investors led by Amin Mohammad Khowaja, CEO of J.P. Morgan Pakistan. Discussions centered on interests of institutional investors exploring f...
Stocks gain remains thin in volatile session
KARACHI: Pakistan Stock Exchange's benchmark KSE-100 Index ended with fractional gain, following roller-coaster ride with several ups and downs amid lack of positive triggers. -100 swayed in both directions since start of session, touching an intra-d...
PTA gets five proposals for 5G spectrum auction
ISLAMABAD: Pakistan Telecommunication Authority (PTA) has received five proposals from international consultants to oversee 5G spectrum auction in country, with process expected to be completed within ongoing fiscal year. However, industry players h...
UN, EFP strengthen collaboration on SDGs, fair work
KARACHI: Employers' Federation of Pakistan team in collaboration with International Labour Organisation Office for Pakistan discussed enhancing private sector involvement in achieving Sustainable Development Goals. United Nations Resident Coordinato...
Jazz, Mobilink Bank forge alliance for digital financial inclusion
KARACHI: Jazz and Mobilink Microfinance Bank Limited (MMBL) combined their strengths to advance financial inclusion and empowerment throughout Pakistan. This partnership marks significant milestone in digital transformation of nation's financial ser...
IMF pours cold water on Punjab's cheap power plan
ISLAMABAD: International Monetary Fund (IMF) has slapped Pakistan with slew of new conditions regarding energy subsidies and provincial budgets after Punjab took "Fiscally reckless" decision to give Rs 45 to Rs 90 billion electricity subsidies...
Govt working on implementing IMF conditions, says PM
ISLAMABAD: Prime Minister Shahbaz Sharif said government is working on implementing "Requirements and conditions" of International Monetary Fund (IMF) programme, remarks that come as Executive Board approval for Pakistan's $ 7 billion Extended...
