ISLAMABAD: The Capital Development Authority (CDA) and the Employees’ Old-Age Benefits Institution (EOBI) have decided to work together on big business projects in Federal Capital Islamabad.
The partnership aims to increase income and help improve the city of Islamabad. In a meeting on Monday, CDA Chairman Muhammad Ali Randhawa and EOBI Chairman Khaqan Murtaza discussed various business plans and projects.
The EOBI chairman showed great interest in investing in these projects because he sees the possibility of making a lot of money from them.
The CDA chairman said that their teamwork will help discover new ways to invest in and improve Islamabad. The CDA will give EOBI a list of projects for their future partnership.
This partnership is a key move to improve the infrastructure and economy of Islamabad, showing their commitment to grow and succeed together.
On the other hand, the State Bank of Pakistan (SBP) announced that it had decided to cut the key interest rate by 100 basis points (bps) to 19.5 percent from the previous rate of 20.5 percent.
The Monetary Policy Committee (MPC) statement issued by the central bank said that it had decided to cut the policy rate by 100 bps to 19.5 percent, effective from July 30, 2024.
