General Business News

Islamabad: Mian Zahid Hussain, a prominent business leader and former government official, voiced his frustration over the State Bank of Pakistan's (SBP) decision to maintain its policy interest rate at 11%. He argues that the current rate hinders eco...

Islamabad: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President, Atif Ikram Sheikh, has sharply condemned the State Bank of Pakistan's choice to hold the benchmark interest rate at 11%, labeling it "baffling" given the presen...

Islamabad: The Pakistani Rupee (PKR) continued its downward trajectory against major international currencies, with the US dollar nearing the PKR 283 mark in the interbank market on September 15, 2025. The greenback traded between PKR 281.95 and PKR...

Islamabad: Multan witnessed the inauguration of Pakistan’s first female-led appliance service franchise by Dawlance, a prominent home appliance manufacturer and an Arcelik subsidiary. Australian High Commissioner Neil Hawkins visited the groundbreakin...

Islamabad: Millat Tractors Limited (MTL) reported a significant 38% year-on-year drop in its unconsolidated profit for the fiscal year 2025, reaching Rs6.4 billion (earnings per share of Rs31.94). This decline comes as tractor sales plummeted by 39% c...

Islamabad: Korangi Association of Trade and Industry (KATI) President Junaid Naqi expressed profound dissatisfaction with the State Bank of Pakistan's decision to hold the monetary policy rate at 11 percent, particularly given the record-low inflation...

Islamabad: Dubai Islamic Bank Pakistan (DIB) has received the Shaukat Khanum Social Responsibility Award 2024. The Shaukat Khanum Memorial Trust (SKMT) presented the honor at an event in Karachi, recognizing DIB's ongoing dedication to social welfare ...