KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has hiked the policy rate by 100 basis points to 17 per cent, a statement said on Monday. The MPC, in its meeting, noted that inflationary pressures are persisting and continue to be broad-based. If these remain unchecked, they could feed into … Read more
KARACHI: The Pakistan government should take measures to achieve an annual 7 per cent GDP growth rate, which will not only help reduce the debt burden but also create job opportunities, said Mian Anjum Nisar, chairman of the Businessmen Panel. “There is a need for a reform agenda to achieve 7 per cent economic growth … Read more
LAHORE: The Pakistan Prosperity Index (PPI) has increased 12.8 per cent on account of improvement in the business activities, a report issued by PRIME revealed on Thursday. The Pakistan Prosperity Index is an agglomeration of trade volume, lending to the private sector, purchasing power and manufacturing output indices. The trade volume witnessed an increase of … Read more
KARACHI: The International Steels Limited (ISL) has posted a net profit of Rs7.46 billion for FY 2021, translating into the earnings per share (EPS) of Rs17.16, multiple times higher than the profit of Rs494.8 million and the EPS of Rs1.14 in FY20, a bourse filing said on Wednesday. The company declared a final cash dividend … Read more
KARACHI: The Pakistan stocks witnessed a bullish momentum on the second day of the week after the US president’s speech over the Afghan issue’, which settled down the uncertainty at the bourse by not blaming Pakistan, dealers said. This was also buoyed by the official statement of the National Security Council supporting the peaceful establishment … Read more
ISLAMABAD: The Large Scale Manufacturing (LSM) sector grew at a 16-year high of 14.85 per cent in FY 2021, a senior government official said. In a tweet, Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood said that the de-industrialisation that was taking place in Pakistan has now been reversed and this … Read more
