Business News

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KCCI Calls for More Significant Interest Rate Cuts Amid Modest Decrease by SBP

Karachi, Iftikhar Ahmed Sheikh, President of the Karachi Chamber of Commerce and Industry (KCCI), has expressed disappointment over the State Bank of Pakistan's (SBP) recent decision to lower the interest rate by only 1.5 percent to 20.5 percent. The...

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Korangi Industrial Zone Prioritizes Combating Rising Street Crime

Karachi, Amid increasing street crimes, the newly appointed SSP of Korangi, Tawheed Rehman Memon, has declared tackling these offenses as a top priority in the Korangi Industrial Area, a key economic hub of Karachi. This commitment was expressed during...

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FPCCI Criticizes Insufficient Policy Rate Cut by State Bank of Pakistan

Karachi, In response to the recent policy rate adjustment by the State Bank of Pakistan (SBP), Mr. Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed dissatisfaction, stating that the red...

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UNISAME Calls for Strengthening of SMEDA to Boost SME Sector

Karachi, The Union of Small and Medium Enterprises (UNISAME) has expressed concern over the perceived neglect of the Small and Medium Enterprises Development Authority (SMEDA), urging the government to enhance its capabilities to effectively support th...

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Indonesian Embassy Engages with Sialkot Chamber of Commerce to Boost Trade Ties

Sialkot, In a significant diplomatic engagement, the Sialkot Chamber of Commerce and Industry (SCCI) hosted His Excellency Rahmat Hindiarta Kusuma, Chargé D'affaires, and Mr. Ferry J. Murdiansyah, First Secretary of Political Affairs, from the Indones...

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Fertilizer Sales Decline in May 2024, Urea Sales Down 15% Year-on-Year

Karachi, Fertilizer offtakes in May 2024 showed a decline, with Urea sales expected to reach 392,000 tons, down 15% year-on-year but up 20% month-on-month due to a low base. This brings the cumulative Urea offtake for the first five months of 2024 to ...

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Turkish Consul General Encourages Pakistani Industrialists to Invest in Turkey’s Free Zones

Karachi, In a significant move to boost bilateral trade, Turkish Consul General Jamal Sanghu announced opportunities for Pakistani industrialists to invest in Turkey's free zones. This initiative, aimed at enabling tax-exempt exports to the European m...

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