Monetary Policy Statement September 12, 2024
1. At its meeting today, the Monetary Policy Committee (MPC) decided to cut the policy rate by 200 bps to 17.5 percent, effective from September 13, 2024. Both headline and…
2 percent cut in interest rate not in line with declining trend in inflation: Altaf Ghaffar
KARACHI: Acting President Karachi Chamber of Commerce & Industry (KCCI) Altaf A. Ghaffar, while commenting State Bank’s decision to reduce the interest rate by 2 percent to 17.5 percent, stated…
SCCI moves PHC against IPPs agreements
Bureau Report PESHAWAR: Sarhad Chamber of Commerce and Industry on Wednesday filed a writ petition in Peshawar High Court against Independent Power Producers agreements. In the writ petition, the SCCI…
Mastercard and UPaisa launch a new debit card to transform the Pakistan payments landscape
The new co-branded physical and virtual card will enable UPaisa wallet users to perform e-commerce, POS, and ATM cash withdrawal transactions securely in Pakistan: Islamabad, Pakistan: Mastercard and UPaisa –…
CCP, British Council partner to strengthen industry’s understanding of competition law
ISLAMABAD: The Competition Commission of Pakistan (CCP), in collaboration with the British Council, conducted an interactive session on Competition Law for UK Alumni based in Karachi. The session attracted a…
SHC seeks comments from Special Judge Customs within a week
KARACHI: Sindh High Court (SHC) issued a letter to Mr Sohail Jabbar Malik, Special Judge, Customs, Taxation & Anti-Smuggling, Court I, Karachi seeking his comments in a complaint made by…
FIR lodged against importer, clearing agent for trying to import luxury vehicle on fake documents
KARACHI: MCC Appraisement West has lodged an FIR against an importer and clearing agent for submitting fake export certificates for clearing an imported vehicle. Information was received through Collector Appraisement…
BF Biosciences Plans to Raise Rs1.38 bn to 1.93 bn in Sept. 2024 through IPO
Karachi: BF Biosciences Limited looks to raise 1.38 bn to 1.93 bn through issuing 28.3% new shares through an Initial Public Offering (IPO) on September 25-26. Speaking at the pre-IPO…