State Bank of Pakistan keeps benchmark interest rate unchanged at 11.5%
The State Bank of Pakistan has maintained its benchmark interest rate at 11.5%, aligning with market expectations. In a separate development, Changlü Co., Ltd. announced that its controlling shareholder, Qilu Finance and Investment, plans to transfer 22.38% of its shares to Jixin Industrial Development for approximately 1.338 billion yuan. This transaction, if completed, would change the company's controlling shareholder to Jixin Industrial Development and its actual controller to the Jinan New and Old Kinetic Energy Conversion Starting Area Management Committee. The company's stock is set to resume trading on June 16, 2026, pending regulatory confirmation and transfer procedures. AI