Pakistan Customs, Tax, Shipping & Business News Resource
Karachi: Salim Valimuhammad, Chairman of the Pakistan Chemicals & Dyes Merchants Association (PCDMA), has rejected the State Bank of Pakistan’s 1% reduction in the interest rate, calling it insufficient. He…
KARACHI: Despite Prime Minister Shahbaz Sharif’s assurances, the failure to implement a significant reduction in the interest rate is a matter of concern, says Ahmed Azeem Alvi. He added that…
KARACHI: The President of the SITE Association of Industry Karachi, Ahmed Azeem Alvi, has called for reducing the policy rate to a single digit in light of the decrease in…
KARACHI: The Site Association of Industry (SAI) President, Muhammad Kamran Arbi, expressed disappointment at the State Bank of Pakistan’s (SBP) cutting interest by just 1.5%. He called the move “insufficient…
Mian Anjum Nisar says low markup must to make industry competitive. Demanding competitive interest rate at neighboring countries’ level, the Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel…
Business confidence and the outlook for growth have improved Confidence improved after easing of lockdowns, as well as the timely stimulus provided by the Government and SBP Forecast for inflation…
KARACHI: State Bank of Pakistan (SBP) has slashed the interest rates by another 200 basis points to 9.0 percent. In light of this reduction in growth and inflation expectations, the…
KARACHI: Governor State Bank of Pakistan (SBP) Reza Baqir has said the economy had begun to show signs of improvement, adding that with measures were in place and inflation would…
KARACHI: Governor State Bank of Pakistan (SBP) Reza Baqir has said the interest rates would remain high until and unless projected inflation comes down. “Monetary policy is a tool that…
KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan has decided to increase the policy rate by 150 bps to 12.25 percent effective from 21st May 2019.…
TOKYO: Singapore Exchange (SGX) is launching Asia’s first Total Return Futures (TRF), based on the Nikkei 225 Index, as it continues to pivot towards futurised derivatives. The new futures solution…
KARACHI: The State Bank of Pakistan (SBP) has increased the policy interest rates by 50 bps to 10.75 percent effective April 01, 2019.According to Monetary Policy Statement issued by the…
KARACHI: The business community, already perturbed with unavailability of utilities and over-regulations, sharply criticized the 25 basis points increase in central bank’s interest rates to 10.25 percent and termed it…