General Business News

Karachi: The State Bank of Pakistan announced the latest weighted average customer exchange rates, revealing that the US dollar is now selling at PKR 280.6254. This information comes from the Domestic Markets and Monetary Management Department of the ...

Karachi: The State Bank of Pakistan has released the latest Karachi Interbank Offered Rate (KIBOR), showing minimal fluctuations across various tenors. The data, dated December 4, 2025, indicates stable bid and offer rates, reflecting a cautious appro...

Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has come under fire for compelling market institutions to fund an international conference, raising significant concerns about its regulatory independence. The move comes amid ongoin...

Islamabad: The Small and Medium Enterprises Development Authority (SMEDA) has introduced a new initiative aimed at assisting small and medium enterprises (SMEs) in Pakistan to achieve international certification and accreditation. This move is designe...

Karachi: OMC reported a 10% year-on-year decline in sales volume for November 2025, with totals reaching 1.4 million tons. This downturn affected key products, including Motor Spirit (MS), which saw a 9% year-on-year drop, and Hi-Speed Diesel (HSD), w...

Karachi: Pakistan's Oil Marketing Companies (OMCs) recorded a decline in sales for November 2025, with a total of 1.4 million tons sold, marking a 10% decrease year-on-year and a 5% drop month-on-month. The drop in sales is attributed to a high base i...

KARACHI: Business activity in Jodia Bazar, Karachi's largest wholesale market, has ground to a halt as hours-long power outages continue to paralyze trade. Traders cautioned on Tuesday that if uninterrupted electricity is not restored, the consequence...