KARACHI: Gas and Oil Pakistan Limited, a key player in the country’s oil marketing sector, is preparing to issue a short-term, privately placed Sukuk valued at approximately PKR 10 billion. The initiative is part of the company’s strategy to finance…

Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has raised alarms over a nationwide transport strike that has persisted for ten days. Atif Ikram Sheikh, the FPCCI President, has urged both transporters and the Punjab Gove…

Lahore: The Pakistan Credit Rating Agency (PACRA) has affirmed the ratings of MACPAC Films Limited, acknowledging its stable market position and robust management in the face of economic challenges. The company, a key player in the manufacturing of Bi…

Karachi: The Pakistan Credit Rating Agency (PACRA) has elevated the entity ratings of the Pakistan National Shipping Corporation (PNSC), recognizing its status as the national flag carrier and its integral role in maintaining the nation’s seaborne ene…

Karachi: Pakistan Vanaspati Manufacturers Association (PVMA) Chairman Sheikh Umer Rehan has raised alarm over the ongoing strike by goods transporters, highlighting its potential to significantly disrupt the national economy. The strike, he said, is a…

KARACHI: The SITE Association of Industry has voiced its dissatisfaction with the State Bank of Pakistan’s recent policy decision to cut the interest rate by only 50 basis points. Ahmed Azeem Alvi, the association’s president, argued that the modest r…

Karachi: Systems Limited (SYS) has announced the acquisition of Confiz Limited, marking a significant expansion in its capabilities and market reach. The acquisition, conducted through a 100% share swap, is expected to enhance Systems Limited’s revenu…

Karachi: The State Bank of Pakistan (SBP) has reduced its policy rate by 50 basis points to 10.50%, surprising many who anticipated rates would remain unchanged. This decision, announced by the Monetary Policy Committee (MPC), reflects optimism about …

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has criticized the State Bank of Pakistan’s decision to reduce the policy interest rate by 0.5 percent, arguing that the minor adjustment fails to address the pressing economic challenges …