Business leader and former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr Shahid Rasheed Butt, on Tuesday, lauded the interest rate cut, which will trigger economic activities,…
Ahmed Azeem Alvi, President of the SITE Association of Industry Karachi, has called the State Bank of Pakistan's reduction in interest rates by only 200 basis points (2%) disappointing. Despite…
In today’s Monetary Policy Committee (MPC) meeting, the State Bank of Pakistan (SBP) decided to reduce the policy rate by 200bps to 13%. Key Takeaways: § For FY25, Pakistan’s total external…
Syed Mazhar Ali Nasir, former Senior Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Member of the Core Committee of the United Business Group…
The Pakistan Vanaspati Manufacturers Association (PVMA) has urged the State Bank of Pakistan (SBP) to bring down the policy interest rate to single digits in its upcoming Monetary Policy Committee…
The Chairman of the Pakistan Tanners Association (PTA), Mr Hamid Arshad Zahur, urged the SBP to reduce the interest rate by at least 500 Basis points at the next monetary…
Former Chairman of the Pakistan Stock Exchange (PSX), Haji Ghani Usman, has urged the government to reduce the policy rate by 500 basis points to foster economic growth. In a…
S.M. Tanveer, Patron-in-Chief of United Business Group and Businessmen Panel Pakistan (UBG-BMPP), has called on the government to support economic growth by announcing a one-time reduction of 500 basis points…
President of the Korangi Association of Trade and Industry (KATI), Junaid Naqi, has urged the State Bank of Pakistan to reduce the policy rate by 500 basis points or 5%.…
The Deposit Protection Corporation (DPC) announces the release of its fourth Annual Report for the fiscal year ending June 2024. The report has been issued to disclose the Corporation’s financial…
InfraZamin Pakistan and Saudi Pak Industrial and Agricultural Investment Co Ltd signed a landmark transaction to provide an 11.5-year Distributed Solar Financing Facility to Acumen Energy Limited (Acumen) for PKR…
BankIslami recently won the "2024 Euro Clearing Quality Recognition Award" from J.P. Morgan for achieving an impressive MT202 STP Rate of 99.37%. Mr Amin Khowaja, CEO of J.P. Morgan Pakistan,…
The total liquid foreign reserves held by the country stood at US$ 16,600.9 million as of 06-Dec-2024. The break-up of the foreign reserves position is as follows: Foreign reserves held…
Pakistan, through holding the international Islamic capital market conference, is paving the way to transition into a sustainable, equitable, and interest-free financial ecosystem. SECP Chairman Akif Saeed stated this in his…
Mr. Atif Ikram, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has called upon the federal government to immediately provide a level playing field in the…
Islamic Banks of Pakistan hosted a gathering in honour of H.E. Shaikh Ebrahim Bin Khalifa Al-Khalifa, Chairman of the Board of Trustees AAOIFI. The event highlighted the pivotal role of…
Hanif Lakhani, former Senior Vice President of the Karachi Chamber of Commerce and Industry (KCCI) and former Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI),…
Workers’ remittances recorded an inflow of US$ 2.9 billion during November, 2024. In terms of growth, remittances increased by 29.1 percent in November, 2024 on y/y basis. Cumulatively, with an…
The State Bank of Pakistan (SBP) on December 09, 2024 has cancelled the authorization/license issued to M/s Al-Hameed International Money Exchange (Private) Limited under the Foreign Exchange Regulations Act, 1947…
AlHuda Centre of Islamic Banking and Economics (CIBE) is organizing the Global Islamic FinTech in Dubai, United Arab Emirates. This event aims to improve the country's economic conditions in both…
Pak-Qatar Asset Management Company Limited (PQAMC)-Rated AM2 with stable outlook by PACRA, Pakistan’s emerging dedicated Islamic Asset Management Company and part of Pak-Qatar Group, Pakistan’s premier and pioneer Islamic financial…
In 2024, the Government raised Rs2tn from Sukuk auctions using the PSX auction system in 15 total auctions. The largest quantum of funds was raised in the last auction 2024,…
MCB Bank Limited (MCB), one of Pakistan's leading banks, has selected BPC, a global leader in payment solutions, to strengthen the security of its digital channels by implementing the BPC SmartVista Fraud…
Mr. Atif Ikram Sheikh, President of FPCCI, has been apprised of FPCCI’s stance that Balochistan needs special attention from the government vis-à-vis industrialization; waivers in taxes & duties; setting up,…
Bank Alfalah, a leading commercial bank in Pakistan, has been honoured by the Pakistan Banking Awards (PBA) with two prestigious accolades: the ‘Best Bank for Digital Excellence’ award for the third…