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Karachi: Deputy Governor of the State Bank, Saleem Ullah during his address at the 2nd National Islamic Economic Forum condemned interest-based loans as a form of oppression, emphasizing the need for a rapid shift towards Islamic banking in Pakistan. The forum, held in collaboration with Saylani Welfare International Trust and Darul Uloom Memon at a …
Continue reading “Saylani determined effort to wage war against the interest-based banking system”
Karachi: Adeel Siddiqui, Coordinator of Businessmen Panel Progressive (BMPP), attributed the clean sweep in the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) elections to the pivotal role played by the Chambers of Commerce & Industry of Sindh, supported by the Associations. He highlighted that the successful candidates achieved a significant margin, securing over …
Continue reading “FPCCI Elections: BMP Progressive has emerged as a powerful in business Community.”
Due to quality issue of kinnow, the export of kinnow worth USD 22 million from Pakistan is in jeopardy, Season’s span of 5 months has shrunk to 1.5 months, 50% Kinnow processing plants have shut down, Significant drop in exports’ orders, a big question mark on Rs.300 billion invested in the Kinnow processing plants & …
Continue reading “Kinnow industry in deep crisis 50% decrease in export anticipates”
Karachi: The United Business Group (UBG) and Businessmen Panel Progressive (BMP) emerged victorious in the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) elections for the term 2024-25, with a majority of their nominated candidates succeeding in various key positions. Unofficial results, disclosed late Saturday night, revealed a sweeping success for UBG and BMP …
Continue reading “UBG Secures Resounding Victory in FPCCI Elections for 2024-25 Term”
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is set to conduct its elections today for the term of 2024-25, featuring a keen competition between two major groups, the Businessmen Panel (BMP) led by Anjum Nisar and the alliance of Businessmen Panel (Progressing) with United Business Group (UBG) led by Iftikhar Ali Malik and …
Continue reading “FPCCI Election Showdown: UBG vs. BMP for President”
In a tribute to its rich history and contributions to the nation’s economy, the State Bank of Pakistan (SBP) has unveiled a new Rs. 75 banknote, marking the central bank’s 75th anniversary since its establishment. The commemorative banknote was revealed by Governor SBP, Jameel Ahmad, during an inaugural ceremony held on Tuesday. The newly issued …
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Finance Minister Ishaq Dar announced in a televised address that the federal government has decided to keep fuel prices unchanged for the upcoming fortnight. This decision was made in consideration of international rates, despite slight increases in global crude oil and gas prices in recent days. Fuel Prices Ishaq Dar emphasized that the government had …
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KARACHI (Commerce Reporter) – In a historic move, Pakistani rupee has gained strength against the dollar. This comes after the State Bank of Pakistan (SBP) introduced new measures. These measures allow foreign exchange dealers to purchase dollars from the Interbank market for credit card payments. As a result, the pressure on the dollar in the …
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ISLAMABAD: In a significant move, the federal government of Pakistan has announced a substantial reduction in the prices of petroleum products, providing much-needed relief to the general public. Finance Minister Ishaq Dar delivered the eagerly awaited announcement in a televised address earlier today. Effective midnight tonight, petrol prices will be lowered by Rs8 per liter, …
Continue reading “Govt Reduces Petrol Prices, Eases Burden on Pakistanis”
KARACHI – On Wednesday, the dollar’s value witnessed mixed interbank and open market movements. According to the State Bank of Pakistan (SBP), the dollar in the interbank increased by 12 paise, trading between Rs 285.35 and Rs 285.47. The day started with a decrease of 55 paise in the interbank rate, but by the end, …
Continue reading “Dollar Value Fluctuates in Interbank and Open Market”
