KARACHI, October 10 2024: President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani and Chairman Policy Research & Advisory Council (PRAC) Mohammad Younus Dagha have advised the Central Bank to reduce the policy rate by at least 300 basis points in the next Monetary Policy Committee (MPC) meeting in line with a notable…
Karachi, August 10, 2019: Karachi is once again facing the threat of torrential rain. While the Federal Minister for Maritime Affairs in a recent statement said that Karachi would not be left alone and helpless, it appears nothing has been done to improve the city’s ability to cope since the last rainfall. Most of Karachi…
Islamabad, April 22, 2019: Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance, Revenue and Economic Affairs witnessed the signing a trade financing facility amounting to US$ 551 million with the International Islamic Trade Finance Corporation (ITFC), a subsidiary of Islamic Development Bank (IsDB) Group, for imports of oil and LNG. This facility will…
Islamabad, January 30, 2024 : State Bank of Pakistan (SBP) has initiated the process for designing and issuing a New Banknotes Series of all existing denominations. It is an established practice of central banks to introduce new banknote series after every fifteen to twenty years to secure the integrity of banknotes and align them with…
