KARACHI, October 25 2024: Governor SBP, Jameel Ahmad, met delegates from international rating agencies and key global investors during the events hosted by leading financial institutions, including Standard Chartered, JP Morgan, Bank of America, and Jefferies, on the sidelines of the 2024 IMF-World Bank annual meetings in Washington, DC. The Governor provided an overview of…
KARACHI, October 25 2024: In a remarkable turn of events, the KSE-30 Index has soared to new heights, surpassing its previous all-time high of 28,173 points, which was established back in 2017. Today, the index reached an impressive 28,395 points, marking a significant milestone for investors and market watchers alike. The KSE-30 Index, known for…
HUB-Karachi: October 24 – Federal Ministers Abdul Aleem Khan and Jam Kamal Khan inaugurated the newly constructed bridge over the Hub River on N-25, marking a significant development at the confluence of Balochistan and Sindh provinces. Completed in two years for PKR 1,180 million, this bridge aims to enhance connectivity and boost economic activity in…
KARACHI, October 24 2024: The All Pakistan Textile Mills Association (APTMA) is calling on the Monetary Policy Committee (MPC) to reduce interest rates by at least 400 basis points in its upcoming meeting on November 4, 2024. In light of the current economic climate, APTMA emphasizes that immediate action is necessary to alleviate financial pressures…
KARACHI, October 23 2024: – As the upcoming monetary policy meeting on November 4, 2024, approaches, analysts at Arif Habib Limited (AHL) anticipate a substantial 200 basis points (bps) cut in the policy rate, potentially lowering it to 15.5%. This level would be reminiscent of November 2022 when the rate stood at 16.0%. If this…