Karachi, May 20, 2019: Pakistan Stock Exchange closed higher on Monday. KSE100 index showed first signs of recovery and that too on a day when SBP is scheduled to announce monetary policy and layer announced a 150bps hike, however, the market seems to have incorporated it already. Buying activity was observed in index heavyweights after…
Karachi, May 20, 2019: The State Bank of Pakistan has announced to increase the policy rate by 150 basis points to address the microeconomic issues. According to SBP announcement, Policy rate decision taking into account the current considerations and the evolving macroeconomic situation, the Monetary Policy Committee noted that further policy measures are required to address…
Islamabad, State Bank of Pakistan, through its subsidiary SBP Banking Services Corporation (SBP BSC), has relaunched the SMS service for issuance of fresh currency notes to the general public. The fresh currency notes will be available from designated commercial bank branches called “e- branches” and the sixteen field offices of SBP BSC. The booking of…
Karachi, May 17, 2019: A delegation of leading Businessmen and Brokers comprising of Bashir Jan Mohammad, Arif Habib, Aqeel Karim Dhedhi, Ali Jamil and Chairman PSX Sulaiman Mehdi met the Finance Minister Dr. Abdul Hafeez Sheikh along with Chairman FBR Syed Shabbar Zaidi and Advisor to Ministry of Finance Dr. Khaqan Najeeb in Karachi to…
Karachi, May 17, 2019: Chairmen, Value Added Textile Export Associations declared the current over 3.6 percent devaluation of rupees against dollar in 24 hours is extremely disastrous for the nation stating that such exorbitant devaluation will increase cost of doing business and also open floodgates of inflation for the masses. Pakistan rupee has been devalued…