KARACHI, November 1 2024: President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani has urged the Central Bank to reduce the policy rate by 300 to 500 basis points in the next Monetary Policy Committee (MPC) meeting, in response to a notable decrease in inflation to 6.9 per cent in September 2024. In…
Karachi, October 31 2024: Jazz, Pakistan’s leading digital operator, has successfully concluded its second unsecured, privately placed short-term Sukuk issuance of PKR 15 billion. This milestone strengthens investor confidence in Jazz’s market leadership and innovative approach to financing within Pakistan’s telecom sector. The Sukuk issuance was significantly oversubscribed, with a 4x demand from the non-bank…
KARACHI, October 31 2024: In a pivotal moment for the privatization of Pakistan International Airlines (PIA), the Blue World City consortium has officially declined to meet the Privatisation Commission’s minimum requirement of Rs85.03 billion. Instead, the consortium has firmly maintained its bid of Rs10 billion, effectively bringing the bidding process to an impasse. Initially, Blue…
KARACHI, October 31 2024: In a significant move to streamline email composition, Google has announced the rollout of its new “Help me write” feature for Gmail users on the web. This innovative tool is set to revolutionize the way individuals craft their emails, making the process not only faster but also more efficient. When users…
KARACHI, October 31 2024: In the third quarter of 2024, Pakistan’s listed banks demonstrated resilience, recording a total profitability of PKR 158 billion. While this figure represents a slight decline of 1% year-on-year, it reflects a robust increase of 16% quarter-on-quarter. Key Highlights: Bank-Specific Performance: Future Outlook: Most banks have maintained their dividend payouts, a…