Monetary Policy Statement July 29, 2024
1. At its meeting today, the Monetary Policy Committee (MPC) decided to cut the policy rate by 100 basis points to 19.5 percent, effective from July 30, 2024. The Committee…
SAI Chief Decries Policy Rate Cut as Insufficient, Demands Further Reductions
KARACHI: Mohammad Kamran Arbi, President of the Site Association of Industry Karachi, has described the recent reduction in interest rates as insufficient. He has urged the State Bank of Pakistan…
SHC suspends notification transferring 12 officers to FBR’s Admin Pool
KARACHI: A bench of High Court of Sindh on Monday suspended the operation of a notification dated 03.07.2024 transferring twelves officers to the Admin Pool of FBR at Islamabad. Khalid…
SECP initiates consultation to revamp Mutual & Pension Fund regimes
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has published a consultation paper, suggesting various alterations to the total expense regime (TER) and distribution paradigm for mutual funds and…
LHC restrains FIA from coercive action against IRS Officers
LAHORE: Justice Tariq Saleem Sheikh of Lahore High Court hearing a writ petition filed by Federal Board of Revenue against FIA, restrained the investigating agency from taking any coercive action…
Agencies initiated investigations into the involvement of officers and officials in fuel smuggling
QUETTA: Sensitive agencies have initiated investigations into the involvement of officers and officials in fuel smuggling. Iranian POL products, including diesel and petrol (commonly referred to as Iranian oil), are…