General Business News

Karachi: Pakistan's currency market recorded the closing exchange rates for December 2, 2025, with the US dollar being sold at 281.50 rupees, according to data from the Exchange Companies Association of Pakistan (ECAP). The euro was traded at a sell...

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...

KARACHI: Pak-Qatar Asset Management Company Limited (PQAMC), a key player in Pakistan's Islamic financial services sector, announced a dividend of PKR 0.8000 per unit for its Pak-Qatar Monthly Income Plan (PQMIP) for October 2025. The announcement is ...

KARACHI: Abdul Rahim Janoo, the Group Chairman of the Rice Exporters Association of Pakistan (REAP), expressed grave concern over the declining state of rice exports in a meeting with the Karachi Chamber of Commerce and Industry (KCCI) on Tuesday. He ...

Karachi: Pakistan's manufacturing sector showed signs of recovery in November, with the HBL Pakistan Manufacturing PMI, compiled by S&P Global, rising to 52.3, up from 49.6 in October. This marks the first expansion in three months, driven by a renewe...