Despite the fact that Pakistan is a significant exporter of textiles to Germany, business leaders in Pakistan need to remain updated about developing laws. A conference on textiles was organized in Karachi, and German Consul General Dr. Rudiger Lotz underlined this point at the event.

Meeting with the Qatar Businessmen Association (QBA) delegation, Prime Minister Muhammad Shehbaz Sharif talked about strengthening economic ties and looking into new cooperation opportunities.

His Excellency Sheikh Faisal Bin Qassim Al-Thani led the QBA delegation, which was made up of prominent businesspeople from Qatar who each represented important economic sectors. During the discussion, prominent members of Qatar’s business sector and important leaders from Pakistan discussed how to improve trade, investment, and economic ties.QBA members in attendance included Sheikh Mansoor bin Jassim Al Thani, Chairman of the Mansoor Jassim Al Thani Group; Mr. Nabil Abu Issa, CEO of Blue Salon; Mr. Khalid Ahmed Al Mannai, Executive Director of Mannai Corporation; Mr. Salah Mohammed Jaidah, Chairman MENA & Chief Country Officer of Deutsche Bank; Mr. Yousuf Ebrahim Al-Mahmoud, Director of Sendian Group; and Mr. Salah Mohammed Jaidah, Chairman MENA & Chief Country Officer of Deutsche Bank.

By highlighting the many prospects in industries like energy, infrastructure, and finance, the prime minister made Pakistan an alluring place for foreign investment.

All of these delegates showed interest in Pakistan’s economic situation, namely in the future energy, technological, and infrastructure development initiatives under consideration.
Throughout the discussion, both parties looked at possible partnerships that may promote innovation, job creation, and sustainable development in both nations. The QBA members expressed interest in increasing their investments in Pakistan’s infrastructure and energy sectors in a positive response to the Prime Minister’s request. The significance of bilateral cooperation was emphasized in order to support regional economic growth and stability.

The meeting was also attended by Federal Ministers for Commerce Kam Kamal Khan, Finance and Revenue Mohammad Aurangzeb, and Information and Broadcasting Attaullah Tarar, as well as Deputy Prime Minister and Foreign Affairs Senator Mohammad Ishaq Dar and Defense Minister Khawaja Muhammad Asif.

The State Bank of Pakistan (SBP) will declare the monetary policy on Monday, November 24, 2024, as stated by the central bank on Thursday.

The State Bank of Pakistan (SBP) announced in a press statement that the Monetary Policy Committee (MPC) will convene on Monday, November 04, 2024, to determine the Monetary Policy. “Subsequently, the SBP will disseminate the Monetary Policy Statement via a press release on the same day,” it stated.

The MPC will assess the whole economic and financial landscape, key indicators, sectoral statistics, and significant changes occurring since the prior monetary policy pronouncement.

On September 12, the SBP implemented a significant reduction of 200 basis points in its policy rate. The central bank reduced the interest rate by two percent to 17.5% in the policy released two months ago.

Analysts anticipated that the committee would maintain monetary easing between 150-200 basis points due to a subdued inflation outlook.

The state bank said that inflation decreased to a single digit in August, registering at 9.64 percent. “Inflation is consistently declining.”

The central bank stated that the growth for the current year is expected to be 3.5 percent.