Karachi, March 24, 2015 (PPI-OT): In line with AKD Securities Limited’s expectations, the SBP (State Bank of Pakistan) in its latest MPS (Monetary Policy Statement) has reduced the policy rate by 50bps to 8%. The SBP’s decision to continue with its on-going monetary easing stance received support from improving macro-economic indicators such as: 1) considerable ...

Islamabad, March 24, 2015 (PPI-OT): Pakistan Telecommunication Company Limited (PTCL), the largest ICT services provider in the country, now brings for the first time in Pakistan, mobility for landline customers’ through its SmartLink application. The application empowers PTCL customers to dial and receive landline calls through mobile phones on-the-go, anywhere and anytime. The internet based ...

Karachi, March 24, 2015 (PPI-OT): Bank Alfalah recently signed an agreement with American Express, a global services company. Under this strategic partnership, Bank Alfalah will exclusively issue the Centurion line of American Express Cards and other American Express products and services as well as acquire merchants to provide a superior customer experience to both consumers ...

Karachi, March 24, 2015 (PPI-OT): Mian Muhammad Idrees President of Federation of Pakistan Chamber of Commerce and Industry has nominated Muhammad Hanif Gohar as Senior Vice Chairman for Urban Development Standing Committee of FPCCI for the year 2015. Hanif Gohar has served as Vice Chairman ABAD for the term 2013 – 2014 and performed very ...

Karachi, March 24, 2015 (PPI-OT): Measured rate cut; room for further easing remains A measured 50bp cut in discount rate (DR) announced State Bank of Pakistan continued its easing campaign by cutting benchmark policy rate on 21 st Mar’15 by another 50bp to 13-yr low of 8%. Cumulatively, the central bank has slashed policy rate ...

Karachi, March 24, 2015 (PPI-OT): The following rates will be applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special U.S Dollar Bonds and profit thereon by all banks and for providing Forward Cover on Foreign Currency Deposits (excluding F.E-25 deposits) by the State Bank on March 25, ...

Islamabad, March 24, 2015 (PPI-OT): Islamabad Chamber of Commerce and Industry has called upon the government to take all necessary measures to ensure timely completion of ongoing energy projects because any further delay in such projects would hamper all efforts aimed at economic revival of the country. Muzzamil Hussain Sabri, President, Islamabad Chamber of Commerce ...