Karachi: Muhammad Hanif Lakhani, former Vice President of the Federation of Pakistan Chambers of Commerce and Industry, has criticized the Federal Budget 2025-26, labeling it as harmful to the industry. Lakhani expressed concerns over the government's...
Read More »Currency Exchange Rates Fluctuate Amid Market Dynamics
Karachi: The Exchange Companies Association of Pakistan has released the latest currency exchange rates, revealing fluctuations in the value of multiple currencies against the Pakistani Rupee. As of June 17, 2025, the USD is being bought at 283.80 and...
Read More »Pakistan Fertilizer Sees Uptick in Sales Amid Economic Challenges
Lahore: Fertilizer sales in Pakistan showed signs of recovery for the first time in calendar year 2025, according to a recent report by AKD Securities Limited. The resurgence is attributed to the introduction of interest-free loans under the Punjab Ki...
Read More »SBP Holds Policy Rate Steady Amid Economic Uncertainties
Karachi: The State Bank of Pakistan (SBP) announced it would keep the policy rate unchanged at 11%, highlighting concerns over rising imports and geopolitical tensions in the Middle East. These factors were identified as significant risks contributing...
Read More »LCCI Condemns Israeli Attack on Iran, Calls for Global Attention
Lahore: The Lahore Chamber of Commerce and Industry has condemned the Israeli attack on Iran, describing it as a grave breach of international norms and a threat to regional and global peace. LCCI leaders called for decisive international action in re...
Read More »State Bank of Pakistan Reports on Overnight Repo and Reverse Repo Facilities
Karachi: The State Bank of Pakistan (SBP) provided an update on its overnight repo and reverse repo facilities, revealing the activity levels for June 16, 2025. The report indicates that three institutions accessed the SBP's overnight repo facility, u...
Read More »LCCI Condemns Israeli Attack on Iran, Calls for Global Attention
Lahore: The Lahore Chamber of Commerce and Industry has condemned the Israeli attack on Iran, describing it as a grave breach of international norms and a threat to regional and global peace. LCCI leaders called for decisive international action in re...
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