News Desk

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Economy

MPC decided to hold the Policy rate steady at 22%

The Monetary Policy Committee (MPC) decided to hold the policy rate steady at 22 percent in its meeting held today. The MPC noted that despite...

MLCF’s subsidiary Novacare to build hospital with $110Mn investment

Novacare Hospitals (Private) Limited, a wholly owned subsidiary of Maple Leaf Cement Factory Limited (PSX: MLCF), will start constructing a state-of-the-art hospital in Islamabad...

Weekly SPI surged by 1.11%

The Weekly Sensitive Price Indicator (SPI) significantly increased by 1.11% WoW during the week ended March 07, 2024, The SPI rose 32.39% YoY compared...

Remittances surged by 13% YoY in Feb’24

According to the latest data from the SBP, Workers' Remittances dropped by 6.18% MoM in February to $2.25 billion, down from $2.4 billion in...
Economy
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Moody’s has revised Pakistan’s banking sector outlook from Caa3 negative to...

Moody's Investors Service (Moody's) has upgraded the outlook for Pakistan's banking sector from Caa3 negative to stable The report highlights the banks' resilient profitability and...
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SAZEW Three-Wheeler sales declined by 31.6% in Feb

The Sazgar Engineering Works Limited (PSX:SAZEW) announced the production & sales data for the month of February, 2024.Three-Wheelers: The company produced 1,518 units in the month...
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NA speaker summons Parliament’s joint session for presidential election on March...

National Assembly Speaker Ayaz Sadiq has summoned the joint session of the Parliament on March 9 to elect the next president of Pakistan. The speaker...
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Shehbaz Sharif elected as 24th Prime Minister of Pakistan

Pakistan Muslim League-Nawaz (PML-N) President Shehbaz Sharif has been elected the 24th prime minister of Pakistan, according to National Assembly Speaker Sardar Ayaz Sadiq. Shehbaz...
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CPI Inflation declined to 23.1% in Feb

CPI inflation clocked in at 23.1% on a year-on-year basis during the month of February, the Pakistan Bureau of Statistics (PBS) data showed on...
News Desk

Weekly SPI declined by 0.78%

The Weekly Sensitive Price Indicator (SPI) declined by 0.78% during the week ended on February 15, 2024, while the SPI increased by 34.25% YoY...