Business News

Karachi: The State Bank of Pakistan (SBP) has reduced its policy rate by 250 basis points to 15.0%, a decision influenced by a faster-than-expected decline in inflation, now nearing the central bank’s medium-term target. This rate cut was part of broa...

The post SBP Cuts Rates Amid Improved Economic Indicators, Outlines Debt Management Strategy appeared first on Pakistan Business News.

Karachi: Zong, a leader in Pakistan's telecommunications sector, has attained the TIA-942-C Rated-3 Certification for its Data Center, underscoring its commitment to delivering top-tier digital and information services. This milestone marks a signific...

The post Zong Data Center Secures TIA-942-C Rated-3 Certification appeared first on Pakistan Business News.

Karachi: Zong, a leader in Pakistan's telecommunications sector, has attained the TIA-942-C Rated-3 Certification for its Data Center, underscoring its commitment to delivering top-tier digital and information services. This milestone marks a signific...

The post Zong Data Center Secures TIA-942-C Rated-3 Certification appeared first on Pakistan Business News.

Islamabad: Pakistan's oil marketing companies (OMCs) experienced a significant increase in sales volumes in October 2024, marking the highest monthly figures in nearly two years. The rise was largely driven by increased demand in the agricultural sect...

The post Pakistan’s Oil Volumes Reach 23-Month High in October appeared first on Pakistan Business News.

Karachi: Zong, a leader in Pakistan's telecommunications sector, has attained the TIA-942-C Rated-3 Certification for its Data Center, underscoring its commitment to delivering top-tier digital and information services. This milestone marks a signific...

The post Zong Data Center Secures TIA-942-C Rated-3 Certification appeared first on Pakistan Business News.

Islamabad: Pakistan Petroleum Ltd (PPL) has secured a Development and Production Lease (D and PL) for the Sui Gas Field, ensuring the field's operation for the next decade and committing to settle significant financial obligations. The company announc...

The post PPL Obtains Lease for Sui Gas Field, Set to Settle PkR52.5bn in Obligations appeared first on Pakistan Business News.

Karachi: Recent data released by JS Global shows a significant year-over-year decrease in Pakistan’s cotton arrivals during the first four months of FY25, alongside a substantial increase in oil marketing company (OMC) sales in October 2024. The contr...

The post Pakistan’s Cotton Arrivals Decline Significantly in 2024; Oil Marketing Sales Surge appeared first on Pakistan Business News.