Economy
KSE 100 Index Rebounds Amidst Pressure
KARACHI, December 20 2024: The stock market in Pakistan displayed resilience on December 20, 2024, with the KSE 100 Index making a significant recovery after three consecutive days of declines. The benchmark index surged by 3.05%, closing at 109,513 points, as investors seized the opportunity to purchase shares during the dip, encouraged by the prevailing…
Federal Minister Jam Kamal Khan Highlights Export-Focused Initiatives
SIALKOT, December 19 2024: Federal Minister for Commerce Jam Kamal Khan, accompanied by Defence Minister Khawaja Muhammad Asif and Finance Minister Senator Aurangzeb, visited the Sialkot Chamber of Commerce and Industry (SCCI) to discuss challenges and opportunities in Pakistan’s export sector. The visit underscored the government’s commitment to addressing exporters’ concerns and fostering growth in…
Federal Minister Abdul Aleem Khan Launches Strategic Initiatives for Economic Zones
ISLAMABAD, December 18 2024: Following the directives of Abdul Aleem Khan, Federal Minister for Board of Investment, a comprehensive survey of Special Economic Zones (SEZs) across Pakistan has been successfully concluded. The survey, which includes aerial assessments and drone technology, has provided an in-depth review of the resources and challenges within these zones. In a…
State Bank of Pakistan Launches New eCIB System
KARACHI, December 18 2024: The State Bank of Pakistan (SBP) has launched the new eCIB System (V2), an upgraded version of its Electronic Credit Information Bureau (eCIB). This system is scheduled to replace the existing eCIB system starting January 1, 2025. Developed to align with technological advancements and international reporting standards, the new system aims…
SAI Chief Criticizes 2% Interest Rate Cut, Calls for 5% Reduction to Boost Economy
KARACHI, December 16, 2024: Ahmed Azeem Alvi, President of the SITE Association of Industry Karachi, has voiced his disappointment over the State Bank of Pakistan’s decision to reduce interest rates by just 200 basis points (2%). Despite widespread requests from the business community, he insists that a reduction of 500 basis points (5%) is necessary…