General Business News

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has assigned initial ratings to Masood Spinning Mills Limited (MSML), recognizing the company's positioning in Pakistan's spinning industry. The ratings are bolstered by MSML's affiliation with...

Karachi: The State Bank of Pakistan has released the latest Karachi Interbank Offered Rates (KIBOR) for July 24, 2025, showing minor adjustments across various tenors. The rates, which serve as a benchmark for lending in the financial sector, indicate...

Lahore: The Pakistan Credit Rating Agency Limited has reaffirmed the ratings of Fatima Fertilizer Company Limited (FFCL), highlighting its strategic importance in Pakistan's fertilizer sector. The ratings reflect the company's robust business fundamen...

Karachi: In the latest report from the Exchange Companies Association of Pakistan, the open market closing exchange rates as of July 24, 2025, indicate stability in the currency market. The US dollar was bought at 286.25 and sold at 287.60 against ...

Karachi: A surge in remittances from overseas Pakistanis has resulted in a current account surplus of $2.1 billion for Pakistan in the fiscal year 2025, a development not seen in the past 14 years. While the increase in remittances has been welcomed b...

ISLAMABAD: inDrive, a global mobility platform renowned for its peer-to-peer pricing, has announced a significant four-fold increase in its City-to-City service across Pakistan. The service, which has gained traction among both drivers and passengers,...

Karachi: Zindigi, a digital banking platform powered by JS Bank, has launched its Visa Virtual Debit Card, offering a fully digital payment solution that can be swiftly created via the Zindigi app. This innovation facilitates local and international t...