FPCCI terms monetary policy as doomsday for trade, industry
KARACHI: Pakistan apex trade body has termed the monetary policy announcement as doomsday for trade and industry.
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Category: Trade & Industry
Steel industry at brink of collapse amid raw material shortage, overhead costs
ISLAMABAD: Steel industry is at brink of collapse due to shortage of raw material and overhead costs. This scenario is compelling large producers to stay afloat as costs continue to mount.
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Yarn merchants term policy rate hike as disastrous
KARACHI: Pakistan Yarn Merchants Association (PYMA) on Thursday termed the significant three per cent hike in policy rate to 20 per cent as disastrous for industries, especially the SMEs.
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SITE Association terms 20% policy rate as interest bomb
KARACHI: SITE Association of Industry has termed the massive hike in key policy rate to 20 per cent as interest bomb, making it impossible for businesses to borrow money.
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Investors to prefer keep money in banks amid high policy rate: KATI
KARACHI: The rise in policy rate to 20 per cent, the State Bank of Pakistan (SBP) has provided investors opportunity to keep money in banks instead making investment in industry.
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Rupee devaluation will make inflation genie uncontrollable: KCCI
KARACHI: Massive devaluation of Pakistani Rupee will make inflation genie uncontrollable, said Mohammed Tariq Yousuf, President, Karachi Chamber of Commerce and Industry (KCCI) on Thursday.
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Boycott results fall in steel prices: ABAD
KARACHI: Association of Builders and Developers of Pakistan (ABAD)’s boycott of steel purchase has brought positive result as steel manufacturers have brought down prices of steel to Rs271,000 from Rs345,000 per ton.
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Amir Paracha elected President of OICCI for 2023 term
KARACHI: Amir Paracha, Chairman and Chief Executive Officer, Unilever Pakistan Limited has taken over as the President of the Overseas Investors Chamber of Commerce and Industry (OICCI) for the 2023 term.
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FPCCI advises SBP to avoid further monetary tightening
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday suggested the State Bank of Pakistan (SBP) to avoid further monetary tightening.
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Another blow to construction industry: cement prices hovering near peak
KARACHI: Skyrocket cement prices are another blow to the construction industry because massive surge in steel prices already badly dented the industry.
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