General Business News

Karachi: In a recent announcement, The Pakistan Credit Rating Agency Limited (PACRA) upheld the stability rating of the ABL Islamic Sovereign Fund (ABL ISF), noting the fund's continued adherence to its medium-risk strategy. Despite its strong perform...

Karachi: The currency market in Pakistan witnessed a notable surge as the US Dollar soared to unprecedented levels in the open market, according to the latest figures released by the Exchange Companies Association of Pakistan (ECAP). As of Septembe...

Karachi: Nishat Mills Ltd. (NML) has released its financial outcomes for the fourth quarter of fiscal year 2025, showcasing a mixed bag of profit growth and unforeseen fiscal burdens. The textile conglomerate reported standalone earnings of PKR1.2 bil...

Islamabad: The cement industry in Pakistan has achieved unprecedented profitability as the financial year 2025 closed, buoyed by strong margins and decreased financial burdens. This remarkable performance is underscored by a 7% year-on-year growth in ...

Karachi: Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Muhammad Aman Paracha, has called on the government to extend the deadline for filing income tax returns to December 31, 2025. In a statement issued on ...

Karachi: In a groundbreaking move set to transform Pakistan's technological landscape, Zong has launched an innovative suite of Internet of Things (IoT) solutions targeting industrial, agricultural, and urban infrastructure. This strategic initiative ...

Karachi: In a significant development within the Korangi Association of Trade and Industry (KATI), President Junaid Naqi, along with Senior Vice President Ejaz Sheikh and Vice President Tariq Hussain, have resigned due to personal commitments, prompti...