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…
The post FPCCI President Urges Drastic Rate Cut Ahead of Monetary Policy Meeting appeared first on Pakistan Business News.
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…
The post Karachi Chamber President Calls for Major Rate Cut to Boost Economic Growth appeared first on Pakistan Business News.
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.
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…
The post Financial Experts Anticipate Aggressive Rate Cut in Upcoming Monetary Policy 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.
Karachi: Amid expectations of significant monetary easing, Pakistan’s financial markets are bracing for a potentially substantial policy rate cut in the upcoming Monetary Policy Statement (MPS) in November. Market surveys and high-net-worth client fee…
The post Substantial Policy Rate Cut Anticipated in Pakistan’s Upcoming Monetary Policy Statement appeared first on Pakistan Business News.
Islamabad: Pakistan has recorded its first quarterly budget surplus in 20 years, with a total of PkR1.7 trillion during the first quarter of fiscal year 2025. This marks a significant financial milestone, contrasting sharply with a deficit of PkR980 b…
The post Pakistan Marks Historic Budget Surplus, First in Two Decades appeared first on Pakistan Business News.
Islamabad: Pakistan has recorded its first quarterly budget surplus in 20 years, with a total of PkR1.7 trillion during the first quarter of fiscal year 2025. This marks a significant financial milestone, contrasting sharply with a deficit of PkR980 b…
The post Pakistan Marks Historic Budget Surplus, First in Two Decades appeared first on Pakistan Business News.
Karachi: The Exchange Companies Association of Pakistan reported stable currency exchange rates over the course of two consecutive days, with minor fluctuations observed across major currencies including the USD, EURO, GBP, and others.
According to …
The post Stable Currency Exchange Rates Observed Over Two Days in Pakistan appeared first on Pakistan Business News.
Islamabad:Prime Minister Shehbaz Sharif has inaugurated the Kashmir Underpass in Islamabad, aimed at ensuring a smooth flow of traffic in the area.
According to Radio Pakistan, during the inaugural ceremony held in the federal capital, Prime Ministe…
