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The State Bank of Pakistan’s Monetary Policy Committee (MPC) unexpectedly kept the policy rate unchanged at 11% on Wednesday, citing concerns over rising inflation and a widening trade deficit. Despite cutting the rate from 22% to 11% between June 2024 and May 2025, the MPC has held it steady for
ISLAMABAD: The federal government has reportedly imposed an 18 percent sales tax on the import of cotton fiber, yarn, and greige cloth, following a nearly month-long delay and sustained lobbying by the All Pakistan Textile Mills Association (APTMA). On July 18, 2025, APTMA formally requested Finance Minister Senator Muhammad Aurangzeb
ISLAMABAD: The prices of essential kitchen items remained largely stable this week compared to the previous week, according to a survey conducted by Business Recorder on Saturday. The survey noted a decline in chicken prices, which fell from Rs16,400 to Rs15,200 per 40-kg in the wholesale market. In retail, chicken
KARACHI: The Pakistani rupee strengthened against the US dollar, appreciating 0.19% in the inter-bank market on Thursday. At close, the currency settled at 284.22, a gain of Re0.54. On Wednesday, the currency settled at 284.76. Pakistan’s law enforcement agencies have reportedly launched a crackdown against foreign currency smugglers, aiming to
