General Business News

Karachi: The State Bank of Pakistan has announced an update to the currency floor for September, setting the amount at 40,000 with one institution involved. The announcement comes as part of the central bank's regular updates on currency operations ...

Karachi: The Exchange Companies Association of Pakistan (ECAP) released the open market closing exchange rates for September 3, 2025, reflecting stable currency valuations in the country's exchange market. The US dollar closed at a buying rate of 28...

Karachi: In a striking development for the oil marketing sector, the latest figures reveal a notable increase in overall sales despite a substantial decline in furnace oil demand. The Oil Marketing Companies (OMC) reported a 7% year-on-year rise in Au...

Karachi: A dramatic shift in currency exchange rates is sending ripples through financial markets, as the Exchange Companies Association of Pakistan reports notable fluctuations in various foreign currencies against the Pakistani Rupee. The most alarm...

Islamabad: Pakistan's Oil Marketing Companies (OMCs) have reported a notable 7% year-on-year increase in sales for August 2025, reaching 1.3 million tons. This growth, complemented by a 6% rise compared to the previous month, signals a gradual economi...

Karachi: The Central Depository Company of Pakistan (CDC) has onboarded Arif Habib Limited to its RAAST Aggregator Platform, marking a significant advancement in enabling secure, instant fund transfers for investors. This strategic integration, suppor...

Islamabad: Pakistan's fertilizer industry witnessed a significant upturn in August 2025, with urea sales surging by an impressive 46% year-on-year and 34% month-on-month. The sales volume reached an estimated 816,000 tons, driven primarily by sustaine...