November 16, 2024
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China

Chinese business delegation visited the Trade Development Authority of Pakistan

The Biz Update03 mins

Karachi: 1 October 2024, On the occasion of China’s National Day, a high-profile Chinese business delegation visited the Trade Development Authority of Pakistan (TDAP) Headquarters, Karachi to discuss trade facilitation measures between Pakistan and China including the development of a large-scale wholesale market in Karachi, improved logistics infrastructure, seamless customs connectivity between the two countries,…

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MR. YAKOOB H. KARIM HAS BEEN ELECTED UNOPPOSED ANDHAS TAKEN CHARGE AS PRESIDENT OF HUB CHAMBER OF COMMERCE & INDUSTRY

The Biz Update01 mins

Karachi: 1 October 2024, The Hub Chamber of Commerce & Industry in a Press Release issued here today announced that Mr Yakoob H. Karim, Mr Mohammad Younus Dagha and Mr Irfan Amanullah have been elected unopposed for the offices of President, Senior Vice President and Vice President respectively and have taken the charge of their…

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INF

Pakistan’s Inflation Hits 44-Month Low, CPI Falls to 6.9% Year-on-Year

The Biz Update02 mins

Islamabad, October 1, 2024 – Pakistan’s Consumer Price Index (CPI) has dropped to 6.9% year-on-year in September, marking the lowest inflation rate in 44 months. This decline brings relief to consumers and businesses following prolonged inflationary pressures that have impacted household budgets and production costs. Several factors have contributed to this disinflationary trend. A high…

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Pakistan Economy

Govt initiated MTBs buyback operation

The Biz Update03 mins

Karachi: 30 September 2024, In an unprecedented move, the Government of Pakistan has initiated Monday a T-Bill buyback program, repurchasing PKR 351bn worth of T-bills against a target of PKR 500bn. This bold move is expected to strategically reprofile the government’s debt, transitioning towards longer maturities while lowering the burden of debt servicing costs. While…

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