Karachi: The State Bank of Pakistan's recent decision to reduce the interest rate by one percent has been met with cautious approval from Rafiq Suleman, a prominent figure in the business community. Suleman, former Chairman of the Rice Exporters Assoc...
Read More »Cement Dispatches Surge in April as Exports Drive Growth
Karachi: Cement dispatches in Pakistan rose significantly in April 2025, reaching a total of 3.34 million tons, marking a 13% increase compared to the same month last year. This growth was propelled by an 8% rise in local offtakes and a notable 35% su...
Read More »Standard Chartered Secures $130 Million Banking Mandate from Siemens Energy in Pakistan
Karachi: Standard Chartered Pakistan has been awarded a $130 million banking mandate by Siemens Energy Pakistan, according to a press release. The agreement, which was approved in January 2025, involves a comprehensive range of banking services aimed ...
Read More »Monetary Policy Sparks Criticism from Pakistan’s Trade and Industry Leaders
Karachi: The business, industry, and trade community in Pakistan have expressed dissatisfaction with the recent monetary policy decision by the State Bank of Pakistan (SBP), according to Mr. Atif Ikram Sheikh, President of the Federation of Pakistan C...
Read More »Tax Ordinance Sparks Concerns Among Business Leaders
KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Muhammad Jawed Bilwani, has raised serious concerns regarding the Tax Laws (Amendment) Ordinance, 2025, highlighting its potential adverse effects on the business community and...
Read More »Industry Chief Calls for Aggressive Rate Cuts to Boost Economy
KARACHI: Ahmed Azeem Alvi, president of the SITE Association of Industry, expressed dissatisfaction with the State Bank of Pakistan's recent decision to reduce the policy rate by 100 basis points. Alvi urged the central bank to slash the rate into sin...
Read More »Over Rs42b Tax Revenue Collected in KP
Peshawar: The Khyber Pakhtunkhwa Revenue Authority has successfully collected over forty-two billion rupees in tax revenue during the last ten months of the current fiscal year. According to Radio Pakistan, the collected tax revenue exceeds the targ...
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