KARACHI, November 05 2024: The recent 250 basis point (bps) policy rate cut by Pakistan’s central bank, bringing the rate to 15%, marks a significant shift in the country’s economic strategy. This move, which goes beyond the market’s anticipated 120-150 bps reduction, aims to ease the government’s borrowing costs and is expected to have far-reaching…
KARACHI, November 05 2024: The President of the Hub Chamber of Commerce and Industry, Mr. Yakoob H. Karim, has expressed his approval of the State Bank of Pakistan’s recent decision to reduce the interest rate by 2.5% (250 basis points). However, he emphasized that while this move is a step in the right direction, it…
Karachi, November 05 2024: Meezan Bank, Pakistan’s leading Islamic bank has signed a new strategic partnership with the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, under the ITFC Letter of Credit (LC) Confirmation product. This product facilitates trade flow by allowing exporters and issuing banks to gain…
KARACHI, November 04 2024: Atif Ikram Sheikh, President FPCCI, has appreciated Senator Musadik Malik, Federal Petroleum Minister and the Director General of Explosives at the Ministry of Petroleum for responding to the concerns of trade and industry vis-à-vis the definition, handling, and storage and licensing requirements of liquid hydrocarbon, mixed hydrocarbons and any other material…
Tashkent, November 4, 2024: Complementing the 9th Intergovernmental Commission meeting on Economic Cooperation between Uzbekistan and Pakistan, an engaging Uzbek-Pakistani Business Forum was held in Tashkent. This forum served as a dynamic platform for strengthening bilateral economic partnerships and facilitating business-to-business (B2B) interactions. The forum witnessed robust participation, with 25 Pakistani companies from diverse sectors…