Karachi: Mr. Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed the business community’s disappointment with the current monetary policy, highlighting a significant premium on the policy…

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Karachi: Muhammad Jawed Bilwani, President of the Karachi Chamber of Commerce and Industry (KCCI), has called on the State Bank of Pakistan to significantly reduce the policy rate by 300 to 500 basis points in the upcoming Monetary Policy Committee (M…

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Karachi: The Karachi Stock Exchange (KSE-100) experienced a significant decline yesterday, losing 1,320 points to close at 88,967, with trading volume reaching 546 million shares. Market activity was predominantly focused in the sectors of banking, po…

The post KSE-100 Tumbles Amid Varied Economic Indicators; Policy Adjustments and Market Movements Noted appeared first on Pakistan Business News.

Karachi: The KSE-100 index showed a notable increase of over 865 points this past week, concluding at 90,860, demonstrating a 1% growth week-over-week. This positive movement contrasts with a 17% decline in average trading volumes, which stood at 559 …

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Islamabad: The State Bank of Pakistan (SBP) is anticipated to implement a significant reduction in its policy rate by 200 basis points in the upcoming Monetary Policy Committee (MPC) meeting. This move is driven by a combination of higher real interes…

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Karachi: Pakistan State Oil (PSO) reported significant progress in revenue collection for the third consecutive quarter, with total trade receivables declining by PkR80 billion from December 2023’s peak of PkR548 billion. This reduction, driven by col…

The post PSO Reports Strong Revenue Collection, Boosting Liquidity and Reducing Obligations appeared first on Pakistan Business News.

Karachi: Financial professionals are preparing for a significant reduction in the Policy Rate in the upcoming November 4 Monetary Policy announcement, with a majority predicting a cut of at least 200 basis points. A substantial portion of experts anti…

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Islamabad: Mari Petroleum Company Limited (MARI) reported its first quarter financial results for FY25, showing a Profit After Tax (PAT) of PkR19.2 billion, or an earnings per share (EPS) of PkR16.0. The company’s quarterly earnings remained largely f…

The post Mari Petroleum Posts Flat Earnings in First Quarter FY25 Amid Declining Sales and Increased Exploration Costs appeared first on Pakistan Business News.

Lahore: MCB Limited presented its financial results for the first nine months of 2024, detailing a 9.8% year-over-year increase in profits to PkR48.6 billion. This growth was driven primarily by a rise in Net Mark-up Income and Non-Interest Income, de…

The post MCB Bank Reports 9.8% Profit Growth Amid Rising Non-Interest Income and Deposit Milestones appeared first on Pakistan Business News.