PCDMA Chief Criticizes State Bank’s Modest Interest Rate Cut

Karachi: Salim Valimuhammad, Chairman of the Pakistan Chemicals and Dyes Merchants Association (PCDMA), has dismissed the State Bank of Pakistan's recent 1% reduction in the interest rate, labeling it as inadequate. He expressed concerns over the cent...

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PACRA Affirms Ratings for KAM International, Outlook Stable

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of KAM International, affirming a long-term rating of A- and a short-term rating of A2. The outlook for the company remains stable, with no changes to its rati...

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VIS Maintains Rating for The Imperial Electric Company, Outlook Revised

Karachi: VIS Credit Rating Company Limited has maintained the entity ratings of The Imperial Electric Company Pvt Ltd at A-/A2, reflecting its good credit quality and strong likelihood of timely repayment of short-term obligations. However, the outloo...

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Unidentified Body Discovered Near Srinagar’s Budshah Bridge

Srinagar: An unidentified body was discovered by locals on the banks of the Jhelum River near the Budshah bridge in Srinagar, located in the Indian-administered region of Jammu and Kashmir.

According to a statement by Kashmir Media Service, resident...

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Shehbaz Sharif Hails State Bank’s Policy Rate Cut as Boost for Economy

Islamabad: Prime Minister Muhammad Shehbaz Sharif has expressed approval for the State Bank of Pakistan's decision to reduce the policy rate by one percent, emphasizing the move's potential to enhance investor confidence in the national economy.

Acc...

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Commerce Minister Engages with Business Leaders to Address Trade Barriers

Islamabad: A delegation from the Pakistan Business Council (PBC) met with Federal Minister for Commerce Jam Kamal Khan on Monday to discuss critical issues affecting the business community. The discussions focused on the cost of doing business, tariff...

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