Karachi: Pakistan's exploration and production (E and P) sector is on the cusp of recovery, driven by improving liquidity and increased discoveries, according to figures released by the Pakistan Petroleum Information Service (PPIS) for the fiscal year...
Read More »Pakistan Cement Sector Anticipates 42% Profit Growth by FY25 Amid Improved Macroeconomics
Karachi: The profitability of Pakistan's cement sector is projected to grow by a substantial 42% year-on-year in the fiscal year 2025, according to a recent analysis by AKD Securities Limited. This anticipated growth is attributed to improving macroec...
Read More »FBR’s E-Invoicing System Criticized for Lack of Consultation
Karachi: The Pakistan Chemicals and Dyes Merchants Association (PCDMA) has criticized the Federal Board of Revenue (FBR) for introducing an e-invoicing system without prior stakeholder consultation or awareness sessions, labeling it a nightmare for ta...
Read More »Pakistan’s Remittance Inflows Reach Historic High of $38.3 Billion in FY25
Karachi: Pakistan has achieved a record in its remittance inflows, with the fiscal year 2025 witnessing overseas Pakistanis sending home a total of $38.3 billion. This represents a 27% increase compared to the previous year, as detailed in a recent re...
Read More »Exchange Rates in Pakistan See Modest Changes
Karachi: The Exchange Companies Association of Pakistan (ECAP) released the closing exchange rates on July 10, 2025, showing minor fluctuations in the buying and selling prices of major currencies. According to the State Bank of Pakistan, the US dolla...
Read More »Concerns Raised Over Tax Laws Impacting Business Climate
Karachi: The Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Muhammad Aman Pracha, has voiced concerns about the impact of current tax policies on the business environment. He called for the government to revoke...
Read More »Currency Exchange Rates Adjust in Pakistan, Reflecting Global Market Trends
Karachi: The State Bank of Pakistan has released the latest weighted average customer exchange rates, indicating minor fluctuations in the buying and selling rates of major global currencies. According to the Domestic Markets and Monetary Managemen...
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