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Taxes, capacity charges with power bills unacceptable: Naeem
ISLAMABAD: Strings of additional taxes and capacity charges have not been acceptable with electricity bills, Jamaat-e-Islami's Ameer Hafiz Naeem here said. "What capacity charges when government have shares in 52 percent of IPPs," JI Chief said. He c...
SBP reduces bps by 100bpts, takes it to 19.5pc
KARACHI: Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) reduced key policy rate by 100 basis points, taking it to 19.5 percent. "We have noted that inflation is on declining trend," SBP Governor Jameel Ahmad said as he addressed pres...
Foreign investors repatriate $2.2bn in FY24, 569pc increase YoY
ISLAMABAD: Foreign investors repatriated $ 2.215 billion on account of profit and dividend during fiscal year 2023-2024, State Bank of Pakistan reported. Repatriation of profit and dividend by foreign investors posted an exponential growth of 569 per...
KSE-100 gains 800pts on policy rate decline
KARACHI: Pakistan Stock Exchange (PSX) witnessed bullish trend as its benchmark KSE-100 Index gained nearly 800 points. Bulls maintained their grip in market since start of session. At close, benchmark index settled at 78,827.74, up by 798.23 points...
SBP decreases interest rate to 19.5%
KARACHI: The State Bank of Pakistan (SBP) on Monday announced decreasing its policy (interest) rate by 100 basis points (1pc) to 19.5pc. SBP Governor Jameel Ahmad announced the decision of the central bank in a press conference in Karachi. The Moneta...
Gold remains to shine in Pakistan
KARACHI: Gold prices moved up in Pakistan following an upward trend in the international market on Monday. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the local price per tola climbed by Rs200 to reach Rs252,700. The...
SBP may cut interest rate in new monetary policy
The State Ban of Pakistan (SBP) is likely to slash interest rate in new Monetary Policy Committee (MPC) today (Monday). Governor SBP Jameel Ahmad is set to announce monetary policy, with the market anticipating a second straight interest rate cut. Cu...
Fitch raises Pakistan’s credit rating to ‘CCC+’
In a positive development, Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘CCC’. “The upgrade reflects greater certainty over the continued availability...
Pakistan plans rail links with Russia
ISLAMABAD: Pakistan has decided to outline strategic road map to engage with Russia and connect two nations via railway networks and secure trade routes by circumventing threat of US sanctions. Sources revealed that Pakistan's government was develop...
KSE-100 sheds 440 points as selling pressure persists
KARACHI: Pakistan Stock Exchange (PSX) witnessed another negative session, as KSE-100 lost 440 points to close just above 78,000. Trading at KSE-100 remained range-bound throughout session as index swayed in both directions. At close, benchmark inde...
