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: Fauji Cement Company Ltd (FCCL), Maple Leaf Cement Ltd (MLCF), and Pioneer Cement Ltd (PIOC) are poised to release their earnings for the final quarter of fiscal year 2025, with expectations of varied financial outcomes. FCCL and MLCF are p...

Karachi: Pakistan Telecommunication Company Limited (PTCL) and Al Baraka Bank Pakistan Limited have entered into an agreement for colocation services at PTCL's Tier-III Data Center facility. This collaboration aims to provide a secure and reliable env...

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...