KARACHI, December 10th 2024: The obstacles to peace and justice globally are not rooted in religion itself, but in the misinterpretations and actions of its followers. Justice Dr Syed Muhammad Anwer, a judge at the Federal Shariat Court, expressed this view at the concluding session of an international seminar titled “The Role of Religions in…
KARACHI, December 10th 2024: The Karachi Stock Exchange (KSE-100) endured a day of heightened volatility, as the index swung dramatically within a 4,000-point range. The session, marked by intense profit-taking, saw the index reach a high of 1,789 points before plunging to a low of 2,258 points, ultimately settling at 108,896 points. Early optimism fueled…
KARACHI, December 09 2024: The State Bank of Pakistan (SBP) is considering a re-evaluation of the Rs3 million cap on auto financing, following recent positive trends in the auto financing sector. After a prolonged period of decline over 26 consecutive months, auto financing numbers have shown month-on-month (MoM) growth for the past two months. This…
KARACHI, December 09 2024: In response to ongoing concerns within the banking sector, the Prime Minister has established a committee tasked with resolving issues related to the Advance to Deposit Ratio (ADR). The committee’s goal is to ensure the effective management of ADR through a review of fiscal and regulatory measures, which will help stabilize…
KARACHI, December 09 2024: In recent years, Pakistan’s textile industry has faced significant challenges, with the Export Facilitation Scheme (EFS) emerging as a major contributor to its downfall. The All Pakistan Textile Mills Association (APTMA) has highlighted the detrimental effects of this scheme on local spinning mills, which are now facing massive closures and mounting…