The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will meet on Thursday to announce its decision on the interest rate regime. The SBP will issue the Monetary Policy Statement through a press release the same day. The monetary policy is critical for the stakeholders of the economy, particularly in the wake of over 26 per cent inflation. For SBP, the main question is
The Securities and Exchange Commission of Pakistan (SECP) has formed a committee in collaboration with the Institute of Chartered Accountants of Pakistan (ICAP) and the Pakistan Institute of Development Economics (Pide) to promote corporatisation. It will be headed by SECP Executive Director Mussarat Jabeen and will have two more officers from the commission. Dr Nadeem-ul-Haq will head the comm
With system losses going up to a record 14.4 per cent, the Oil and Gas Regulatory Authority (Ogra) on Tuesday notified about 3pc increase in the sale price of Regasified Liquified Natural Gas (RLNG) for two Sui gas companies effective from Sept 1 owing to higher international prices. The RLNG’s sale price for Lahore-based Sui Northern Gas Pipelines Ltd (SNGPL) has been increased by 2.76pc to $1
The cotton crop in Punjab is facing an onslaught from whiteflies, which is proving to be a nightmare for growers and agriculture department high-ups, as well who have so far been expecting a good harvest this year, mainly because of supportive weather. The scale of the whitefly attack, which experts say has been caused by a sudden hike in temperatures across the cotton belt during the last coup
Equities settled on the lower side after a directionless trading session on Monday. Topline Securities said the benchmark index of the Pakistan Stock Exchange oscillated within a small range of 496 points during the trading hours before settling in the red territory. Market sentiments were dull as investors opted to stay cautious throughout the day. However, energy sector stocks remained in