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…
Karachi, 23 October 2024: The Global Shari’ah Majlis, a highly anticipated event in the Islamic finance industry, was held on Wednesday, 23 October 2024. Hosted as a hybrid event, this prestigious gathering brought together global Shari’ah scholars for an engaging dialogue on the topic of “Islamic Finance: Transforming for a Better Tomorrow’. The Global Shari’ah…
KARACHI, October 23 2024: Sindh’s Senior Minister Sharjeel Inam Memon announced that the provincial government is set to launch double-decker buses on the roads of Karachi, with preparations already underway for their procurement. In a meeting chaired by Memon, it was decided that the Sindh government would acquire 50 new buses for the People’s Bus…
Islamabad, October 22, 2024: The National Electric Power Regulatory Authority (NEPRA) has approved K-Electric’s (KE) generation tariff for the period post-June 30, 2023. This decision includes a dissenting opinion from the Member (Finance and Tariff). The approved tariff control period will last for seven years or the remaining useful life of KE’s plants, whichever is…
KARACHI, October 22 2024: Sindh Energy Minister Syed Nasir Hussain Shah has said that Sindh is currently the largest gas-producing province with a total production of 1800 mmcfd to 2000 mmcfd (MMCFD) in the country. 65% of the total gas production. Currently, 900 mmcfd gas is being supplied to Sindh while the requirement is 1600…