KARACHI, October 24 2024: In the bustling corridors of the IMF/World Bank autumn meetings in Washington, a sense of urgency hung in the air. Finance Minister Muhammad Aurangzeb, a steadfast figure with a determined gaze, made his way through the throngs of delegates, each representing nations with their own economic trials. But Aurangzeb had a…
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: Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has announced robust financial results for the nine months ending September 30, 2024. The bank reported a remarkable Profit After Tax (PAT) of PKR 19.8 billion, reflecting a substantial 64% increase compared to the same period last year. In light of…
Karachi, October 24, 2024: Provincial Minister for Industries and Commerce, Jam Ikramullah Dharejo, emphasized the importance of industrialists as valuable assets and stated that addressing public issues is the government’s top priority. He made these remarks while presiding over a meeting in his office today. The meeting included key figures such as Secretary of Industries…
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…