Karachi, March 12, 2025 – Oil and Gas Development Company Limited (OGDCL) has successfully revived production at Rajian-11, a significant heavy oil well, by deploying an advanced Electrical Submersible Pump (ESP) system.
(more…)Author: Shahnawaz Akhter
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FBR to Auction NDP Vehicles in D.I. Khan on March 13, 2025
Karachi, March 12, 2025 – The Federal Board of Revenue (FBR) has officially announced an auction of non-duty paid (NDP) vehicles, scheduled to take place on March 13, 2025, in Dera Ismail Khan.
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FBR Appoints Refund Commissioner at CTO Karachi
Islamabad, March 11, 2025 – The Federal Board of Revenue (FBR) has appointed Imran Ali Sheikh, an officer of the Inland Revenue Service (IRS) BS-19, as the new Commissioner (Refunds) at the Corporate Tax Office (CTO) Karachi.
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KSE-100 Dips 178 Points, Reacts to SBP Monetary Policy Stance
Karachi, March 11, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) declined by 178 points on Tuesday, reflecting investor concerns over the monetary policy stance maintained by the State Bank of Pakistan (SBP).
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Workers’ Remittances Witness Growth of 32.5% in 8MFY25
Karachi, March 10, 2025 – The inflow of workers’ remittances has surged by an impressive 32.5% during the first eight months (July–February) of the fiscal year 2024-25, according to data released by the State Bank of Pakistan (SBP) on Monday.
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Business Community Criticizes SBP for Unchanged Policy Rate
Karachi: The business, industrial, and trade community of Pakistan has expressed strong dissatisfaction with the State Bank of Pakistan’s (SBP) decision to keep the policy rate unchanged during its recent Monetary Policy Committee (MPC) meeting.
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SBP Holds Policy Rate at 12% to Counter Inflationary Risks
Karachi, March 10, 2025 – The State Bank of Pakistan (SBP) announced on Monday that it will maintain the benchmark policy rate at 12%, citing the need to manage inflationary pressures amid evolving economic conditions.
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KCCI Warns of Membership Cancellation for Non-Renewal
Karachi, March 10, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has issued a stern reminder to its members, urging them to renew their memberships before the deadline to prevent cancellation.
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SBP May Cut Policy Rate Amid Decade-Low Inflation
Karachi, March 9, 2025 – The State Bank of Pakistan (SBP) is set to unveil its latest monetary policy statement on Monday, March 10, 2025. The central bank’s Monetary Policy Committee (MPC) will deliberate on potential adjustments to the benchmark policy rate amid an economic landscape marked by decade-low inflation.
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Investment in Premium Prize Bonds Surges 13.21%
Karachi, March 9, 2025 – Investment in premium prize bonds has witnessed a significant surge of 13.21% over the past year, ending on January 31, 2025, according to the latest data released by the State Bank of Pakistan (SBP).
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