Economy
Pakistan’s textile exports recorded 8 pc decline in Aug 23
KARACHI, September 18, 2023: Pakistan’s textile exports recorded a decline of 8 percent YoY in Aug’23 to clock in at $1.4 billion as against $1.6 billion in same period of last fiscal year. The decline is mainly attributable to muted export orders amid global economic recession, as well as a challenging domestic environment. Segment wise,…
SBP keeps policy rate unchanged at 22pc as inflation trends downward
Karachi, September 14, 2023: The Monetary Policy Committee of State Bank of Pakistan (SBP), in a meeting held on Thursday, decided to keep the policy rate unchanged at 22 percent as latest inflation trends is on declining path since reaching its peak of 38 percent in May to 27.4 percent in August 2023. Despite recent…
Former Abad Chairman, FPCCI VP lauds COAS for economic reforms
Karachi, September 12, 2023: Hanif Gohar, former Chairman of the Association of Builders and Developers of Pakistan (ABAD), former Senior Vice President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), and Leader of United Business Group (UBG), commended the efforts of Chief of Army Staff (COAS) General Asim Muneer in bolstering Pakistan’s…
Pakistan Stocks down 5 pc WoW basis
Karachi, September 2, 2023” KSE 100 Index declined by -5.2 percent on WoW basis, this decline can largely be attributed to growing concern over upcoming monetary policy where investors fear SBP will opt for significant increase in policy rate to stop continuous depreciation of Rupee and to tame inflation in the back drop recent increase…
Amendment in SBP’s Act proposed to curtail unbridled powers
Islamabad, August 30, 2023: A meeting of the Senate Standing Committee on Finance and Revenue was held here at Parliament House on Wednesday with Senator Saleem Mandviwalla in the Chair. during the meeting, the committee deliberated on the Private Member Bill titled “The State Bank of Pakistan (Amendment) Bill,2023″. Senator Mushtaq Ahmed, the mover of…