Karachi, July 16, 2019: The Monetary Policy Committee (MPC) decided to raise the policy rate by 100 bps to 13.25 percent with effect from 17th July 2019. The decision takes into account upside inflationary pressures from exchange rate depreciation since the last MPC meeting on 20th May 2019 and the likely increase in near term…
MoU will soon be signed between REAP and PIA: Air Marshal Arshad Malik Karachi, July 15, 2019: These statements were given during reception was arranged by Rice Exporters Association of Pakistan (REAP) in honour of Mohammad Mian Soomro, Federal Minister for Privatization and Air Marshal Arshad Malik, President & Chief Executive, Pakistan International Airlines (PIA)…
Karachi, July 15, 2019: Aiming to enhance bilateral trade between two countries, a three-day expo “Top Thai Brands 2019” exhibiting top brands of Thailand is being organized on 20-22 July 2019 at Pearl Continental Hotel Karachi. The exhibition is being managed by the Department of International Trade Promotion, Ministry of Commerce, Royal Thai Government and…
Islamabad, July 15, 2019: This year’s Pakistan-U.S. Alumni Network (PUAN) annual conference brought together approximately 200 Pakistani alumni of educational exchanges and English-language programs sponsored by the United States Government. Under the theme, “Azm-e-Aalishan: The Power of Resolve” the conference, which took place from July 12 to 14 highlighted the inspirational stories of PUAN members…
Karachi, July 15, 2019: Pakistan Stock Exchange saw a significant decline of ~750 points during the session that is caused by uncertainty on monetary policy. As per revised schedule, SBP is set to announce monetary policy tomorrow, where consensus estimate is for a hike of 100bps. An interest rate hike in line with expectation will increase…