KARACHI, November 04 2024: In the meeting, the Monetary Policy Committee (MPC) decided to reduce the policy rate by 250 basis points to 15 per cent, effective from November 5, 2024. The Committee observed a faster-than-expected decline in inflation, reaching close to the medium-term target in October. The tight monetary policy stance has been pivotal…
KARACHI, November 4, 2024: JS Bank and BankIslami have announced a strategic partnership to enhance home remittance services nationwide, by combining the strengths and retail networks of both institutions. Through this alliance, JS Bank will leverage BankIslami’s branch network to provide swift, secure, and convenient remittance payouts for beneficiaries across Pakistan. The partnership was formalized…
KARACHI, November 04 2024: At the end of October 31, 2024, Pakistan’s cotton arrivals had significantly declined, dropping 37% year-over-year to 4.3 million bales, down from 6.8 million bales during the same period last year. This decline, which improved slightly from a 48% decrease noted earlier in the month, is primarily attributed to poor farmer…
KARACHI, November 03 2024: Dr Jacqueline d’Arros Hughes, the outgoing Director General of the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), is set to take the helm as Secretary General of the World Agriculture Forum (WAF) in mid-November 2024. With an extensive career spanning over 30 years in agricultural research for development, Dr…
SINDH, November 03 2024: Tharparkar is experiencing a transformative journey that distinguishes it from other regions of Sindh, marked by notable progress in human development and economic prosperity aimed at uplifting the area. The lives of Thar’s residents are witnessing improvement as investments in Thar Coal projects have generated thousands of job opportunities. This has…