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Islamabad: The State Bank of Pakistan's (SBP) decision to hold the policy rate at 11% has drawn sharp criticism from the SITE Association of Industry (SAI), which argues that the move could undermine the government's economic revival strategy. SAI P...
Read More »Lucky Cement Predicts Moderate Cement Demand Growth Despite Recent Dispatch Surge
Islamabad: Lucky Cement Ltd (LUCK) anticipates modest cement demand expansion in FY26, projecting a 5% rise despite a recent increase in cement shipments. The corporation conveyed this conservative outlook during its Corporate Briefing, where it revie...
Read More »SECP Salary Scandal: Rs 41 Billion Irregularities Unchecked, Chairman Seeks Extension Amidst Public Outrage
Islamabad: Investigations into a staggering Rs 41 billion financial scandal at the Securities and Exchange Commission of Pakistan (SECP) are reportedly stalling, raising serious concerns about accountability and institutional impunity. Despite the Aud...
Read More »Bestway Cement Sees 73% Profit Surge in FY25 Despite Market Challenges
Islamabad: Bestway Cement Limited (BWCL) announced a significant 73% year-over-year increase in profit for the fiscal year 2025, reaching PkR23.9 billion (EPS: PkR40.0), compared to PkR13.8 billion (EPS: PkR23.1) in FY24. This substantial growth comes...
Read More »State Bank Maintains Policy Rate Amidst Flood Concerns**
Islamabad: The State Bank of Pakistan (SBP) has held its benchmark interest rate steady at 11% amidst the ongoing floods, a decision consistent with market anticipations. The Monetary Policy Committee (MPC), in its statement, acknowledged a slight wor...
Read More »Pakistan Business Leader Criticizes Central Bank’s Interest Rate Decision**
Islamabad: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Vice President Muhammad Aman Pracha expressed his disapproval of the State Bank's choice to hold steady the benchmark interest rate. Pracha noted that Pakistan's lending ra...
Read More »Interest Rate Unchanged: Business Leader Expresses Disappointment**
Islamabad: Mian Zahid Hussain, a prominent business leader and former government official, voiced his frustration over the State Bank of Pakistan's (SBP) decision to maintain its policy interest rate at 11%. He argues that the current rate hinders eco...
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