SBP increases policy rate by 150 bps

Karachi, November 30, 2018: The State Bank of Pakistan (SBP) on Friday announced to increase the key policy rate by 150 basis points (bps) to 10 percent. The decision was taken in a meeting of Monetary Policy Committee chaired by Tariq Bajaw Governor SBP held at SBP head office Karachi. According to a statement issued…

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Engro Polymer signs $35mn Ijarah based long term financing facility with IFC

KARACHI, November 8, 2018: Engro Polymer and Chemicals Limited (EPCL) announced financing of USD 35 million from International Finance Corporation (IFC), for expansion plans for its production plant of PVC – a chemical used in making numerous plastic products construction materials like water and sewerage pipes, cables, and consumer items like shoes, packaging films, etc…

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