Barring foreign investors and multinational companies (MNCs), the State Bank’s decision to cut the interest rate by 200bps to 13pc on Monday disappointed local businessmen expecting a 400-500bps cut in line with a sharp drop in inflation. While extending a cautious welcome to the policy rate decision, Federation of Pakistan Chamber of Commerce and Industry President (FPCCI) Atif Ikram Sheikh te
British High Commissioner to Pakistan Jane Marriott on Monday urged Pakistan to fully implement its commitments to economic reforms under the IMF agreement, cautioning that failure to do so could jeopardise access to critical loan disbursements. Speaking at the Islamabad Policy Research Institute (IPRI), she said “full implementation of all reform commitments will be essential. Otherwise there
After a delay of 12 years, the government introduced a bill in the National Assembly on Monday to establish a land port authority in order to facilitate the movement of goods and people across border crossing points and to reduce the cost of doing business. Law Minister Azam Nazeer Tarar moved the bill on behalf of Interior Minister Mohsin Naqvi. Deputy Speaker Ghulam Mustafa Shah, however, did
Pakistan Stock Exchange (PSX) is gaining significant attention these days from investors, analysts, critics, policymakers, and onlookers alike. While pessimists continue to dismiss the rally as speculative, conspiracy-driven, and manipulated by a few big players serving particular vested interests, those who look deeper understand the financial reasons behind the uptick; despite the ascent bein
Gold prices dropped significantly on Friday, mirroring a decline in international rates, and settled at Rs277,800 per tola with a decrease of Rs5,000. Similarly, the price for 10-gram gold fell Rs4,286 to Rs238,169, as per the rates provided by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). The drop followed an increase of Rs2,300 per tola on Thursday. Meanwhile, the intern