KARACHI, December 20 2024: The stock market in Pakistan displayed resilience on December 20, 2024, with the KSE 100 Index making a significant recovery after three consecutive days of declines. The benchmark index surged by 3.05%, closing at 109,513 points, as investors seized the opportunity to purchase shares during the dip, encouraged by the prevailing…
KARACHI, December 20 2024: The State Bank of Pakistan (SBP) has unveiled its first Quarterly Payment Systems Review for FY25, spotlighting the nation’s progress in adopting digital payments and building a cashless economy. The report, covering July to September 2024, underscores a remarkable surge in digital transactions, infrastructure development, and a declining reliance on cash-based…
ISLAMABAD, December 18 2024: Following the directives of Abdul Aleem Khan, Federal Minister for Board of Investment, a comprehensive survey of Special Economic Zones (SEZs) across Pakistan has been successfully concluded. The survey, which includes aerial assessments and drone technology, has provided an in-depth review of the resources and challenges within these zones. In a…
KARACHI, December 18 2024: The State Bank of Pakistan (SBP) has launched the new eCIB System (V2), an upgraded version of its Electronic Credit Information Bureau (eCIB). This system is scheduled to replace the existing eCIB system starting January 1, 2025. Developed to align with technological advancements and international reporting standards, the new system aims…
KARACHI, December 16 2024: The State Bank of Pakistan (SBP) has reduced the policy rate by 200 basis points, bringing it to 13%, effective December 17, 2024. This decision reflects the bank’s efforts to balance economic recovery and inflation stabilization. Headline inflation fell to 4.9% in November 2024, driven by lower food prices and the…