Karachi, April 29, 2024 : On Monday, the State Bank of Pakistan (SBP) opted to maintain the policy rate at 22 percent for the seventh consecutive session. The announcement followed a meeting of the bank’s Monetary Policy Committee (MPC). In its statement, the MPC emphasized the importance of maintaining the current monetary policy stance to…
Karachi, April 29, 2024 : The KSE-100 index of the Pakistan Stock Exchange (PSX) ended Monday on a negative trajectory, shedding 1,047.71 points with a decline of 1.44 percent, closing at 71,695.03 points compared to the previous trading day’s 72,742.74 points. During today’s trading session, the PSX 100-index displayed a wide range of movement, reaching…
Karachi, April 29, 2024 : On Monday, the Pakistani Rupee experienced a marginal decrease of Rs 0.1 paisa against the US dollar in interbank trading, concluding at Rs 278.39, as opposed to the previous day’s closing rate of Rs 278.38. As per the Forex Association of Pakistan (FAP), the open market saw the dollar’s buying…
Karachi, 29th April 2024: Indus Motor Company (IMC) announced its financial results for the nine-month period ending March 31, 2024, that witnessed a 61% increase in profit after tax, to PKR 9.41 billion, compared to PKR 5.84 billion, for the same period last year. IMC’s net sales turnover for the nine-month period decreased to Rs….
Karachi, April 29, 2024: President FPCCI Atif Ikram Sheikh appointed renowned journalist Kashif Muneer as the convener of FPCCI Central Standing Committee on “Press and Electronic Media” for the year 2024-2025 and senior journalist Masood Ahmed Siddiqui. Deputy Convenor has been appointed. President FPCCI Atif Ikram Sheikh has expressed confidence that Kashif Muneer and Masood…