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Monetary Policy Statement: Unchanged Policy Rate at 7%

The State Bank of Pakistan (SBP) decided to keep the benchmark policy rate unchanged at 7% in its Monetary Policy Committee (MPC) meeting today (Jan 22, 2021). The committee noted that since its last meeting in Nov’20, further improvement has been witnessed in the overall domestic recovery, which has aided consumer and business confidence.

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KCCI joins hands with Jazz

The Karachi Chamber of Commerce & Industry (KCCI) and Jazz, Pakistan’s number one 4G operator and the largest internet and broadband service provider, have signed a Memorandum of Understanding (MoU). As per this MoU, KCCI members can avail up to 35% discount on services (data, voice and devices) offered by Jazz.

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Pakistan stock markets outlook

The BMA Capital Management Ltd expects the market to remain upbeat given the improving macroeconomic indicators, upcoming result season, and sooner-than-expected vaccine rollouts. However, the index might witness some corrections next week as the roll-over week approaches. We continue to prefer banks, E&Ps, fertilizers, automobiles, and cements.

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Ilma University focuses on United Nations SDGS climate action & life on land

Ilma University steps into the spotlight with its research article being published in an internationally reputed journal Springer. This well-researched article was authored by the University’s top scholar Salman Sarwat from the Faculty of Management Sciences, Department of Business Administration. He contributed largely to the successful inclusion of this impactful article along with other researchers from across the globe.

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Turkish President and Pakistan Ambassador jointly performed the “Welding Ceremony” of 3rd MILGEM Corvette for Pakistan Navy

Turkish President Recep Tayyip Erdogan and Ambassador of Pakistan Muhammad Syrus Sajjad Qazi jointly performed the “Welding Ceremony” of the third of the four MILGEM Ada class corvette for Pakistan Navy at a graceful ceremony in Istanbul today.

Speaker of the Turkish Grand National Assembly Mustafa Şentop, Minister of National Defence of Turkey Hulusi Akar, Chief of Turkish General Staff General Yaşar Guler, Commander of Turkish Naval Forces Admiral Adnan Ozbal, and other dignitaries attended the ceremony that also included the launching of 1st Turkish Navy Istanbul Class frigate.

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