Karachi: The State Bank of Pakistan (SBP) has reduced its policy rate by 50 basis points to 10.50%, surprising many who anticipated rates would remain unchanged. This decision, announced by the Monetary Policy Committee (MPC), reflects optimism about ...
Read More »Systems Limited Expands Footprint with Acquisition of Confiz Limited
Karachi: Systems Limited (SYS) has announced the acquisition of Confiz Limited, marking a significant expansion in its capabilities and market reach. The acquisition, conducted through a 100% share swap, is expected to enhance Systems Limited's revenu...
Read More »SITE Industrialists Criticize Minimal Rate Cut as Inadequate
KARACHI: The SITE Association of Industry has voiced its dissatisfaction with the State Bank of Pakistan's recent policy decision to cut the interest rate by only 50 basis points. Ahmed Azeem Alvi, the association's president, argued that the modest r...
Read More »Goods Transporters’ Strike Threatens Economic Stability, Calls for Swift Government Action
Karachi: Pakistan Vanaspati Manufacturers Association (PVMA) Chairman Sheikh Umer Rehan has raised alarm over the ongoing strike by goods transporters, highlighting its potential to significantly disrupt the national economy. The strike, he said, is a...
Read More »Province-wide Evacuation of Illegally Residing Foreign Nationals Continues
Punjab: Punjab Police are continuing the province-wide evacuation of illegally residing foreign nationals. According to Radio Pakistan, over thirty-one thousand Afghan nationals have so far been deported, while about two hundred individuals are curr...
Read More »Province-wide Evacuation of Illegally Residing Foreign Nationals Continues
Punjab: Punjab Police are continuing the province-wide evacuation of illegally residing foreign nationals. According to Radio Pakistan, over thirty-one thousand Afghan nationals have so far been deported, while about two hundred individuals are curr...
Read More »78,000 Intelligence-Based Operations Target Terrorists in Balochistan
Quetta: Additional Chief Secretary Home Department Balochistan Muhammad Hamza Shaffqat has revealed that 78,000 intelligence-based operations were conducted against terrorists in the province during this year. Addressing a news conference alongside DI...
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