KCCI Elections: Ruling BMG turns to court to halt elections
KARACHI: Businessmen Group (BMG), dominated Karachi Chamber of Commerce and Industry (KCCI) for decades, is panicking due to certainty of its defeat in upcoming 2024-26 elections. To avoid humiliation in front of business community, they have r...
CCP cracks down on unfair business practices
ISLAMABAD: Competition Commission of Pakistan (CCP) has intensified its crackdown on monopolies and collusive practices across various business sectors. In significant push to enforce competition laws, commission is actively pursuing recovery of pe...
KSE-100 ends flat on late-session selling
KARACHI: Pakistan Stock Exchange (PSX) saw roller-coaster trading session and KSE-100 Index closed flat after volatile ride. KSE-100 started session positive, hitting an intra-day high of 79,173.94. However, bears dominated market in second half and...
FinMin holds meeting with Pegasus Airlines, Lucky Cement chiefs
ISLAMABAD: Finance Minister Muhammad Aurangzeb met Mehmat T. Nane Chairperson of Pegasus Airlines and Muhammad Ali Tabba CEO of Lucky Cement Limited to discuss aviation sector of Pakistan. As per statement released by Finance Division, during meetin...
KCCI announces support to shutterdown strike against heavy bills and taxes
KARACHI, August 23 (PPI) President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh has advised all its members to fully support the countrywide shutterdown on August 28 announced by traders community by keeping their businesse...
PM Shehbaz orders formation of SMEDA board
ISLAMABAD: Prime Minister Shehbaz Sharif chaired meeting on matters related to Small and Medium Enterprises Development Authority (SMEDA), emphasising crucial role of SMEs in Pakistan's economy. He said small and medium enterprises act as back bone...
PM Shehbaz apprises ADB of reforms to revive economy
ISLAMABAD: Prime Minister Shehbaz Sharif informed Asian Development Bank (ADB) President Masatsugu Asakawa about ‘series of reforms’ introduced by government for reviving economy. Press statement issued here read that speaking to Asian De...
KSE-100 gains on anticipation of reduction in key policy rate
KARACHI: Bullish sentiments were witnessed at Pakistan Stock Exchange (PSX), as further reduction in policy rate by State Bank of Pakistan announced, with benchmark KSE-100 Index closing higher by 366 points. KSE-100 saw some selling in first half, h...
2% cut in interest rate not in line with declining inflation: expert
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 today that although KCCI was expecting substan...
SBP reduces key policy rate by 200bps, brings it down to 17.5pc
Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) unleashed its most aggressive reduction in key policy rate since April 2020, cutting it by 200 basis points (bps) to bring it down to 17.5 percent amid slowing inflation and declining in...
