Standard & Poor’s Global Market Intelligence on Tuesday forecast further rate cuts by the State Bank of Pakistan (SBP) during the current fiscal year following a 100bps reduction to 11pc by the Monetary Policy Committee on Monday. In a brief analysis, S&P Global Market Intelligence said the SBP delivered a larger-than-expected rate cut to 11pc as headline inflation bottomed out. “Given
The Ministry of Industries and Production has requested assistance from the auto sector to develop a tariff structure that balances the needs of the auto industry with the conditions set by the International Monetary Fund. A high-level meeting took place on Tuesday between Haroon Akhtar Khan, the Special Assistant to the Prime Minister, and representatives from the Pakistan Automotive Manufactu
The United States Charge d’Affaires in Pakistan, Ms Natalie A. Baker, said on Tuesday that the resumption of US soybean exports to Pakistan signifies the growing partnership between the two countries. Ms Natalie accompanied the delegation of the US Chamber of Commerce and the US-Pakistan Business Council (USPBC), which met Commerce Minister Jam Kamal Khan. Senior Vice President Charles Freem
Finance Minister Muhammad Aurangzeb and Adviser to Prime Minister on Investment Muhammad Ali arrived in London on Tuesday for talks with global financial leaders as Pakistan looks to attract investors to boost the economy. The two-day visit will include engagements with top global investors and financial institutions to accelerate foreign direct investment, according to the Privatisation Commis
A Senate panel on Tuesday expressed concern over gas loadshedding in many areas despite excess supplies. The meeting of the Senate Standing Committee on Petroleum, presided over Senator Umar Farooq, was also told that Sindh was now the largest producer and consumer province in the country — producing about 1,609 million cubic feet per day (mmcfd) of gas and consuming about 1,115mmcfd. During