General Business News

Karachi: The State Bank of Pakistan released the latest figures for the Karachi Interbank Offered Rate (KIBOR), reflecting slight adjustments across various tenors. The rates, which serve as a benchmark for lending in the financial sector, exhibit min...

Karachi: Pakistan's exploration and production (E and P) sector is on the cusp of recovery, driven by improving liquidity and increased discoveries, according to figures released by the Pakistan Petroleum Information Service (PPIS) for the fiscal year...

Karachi: The profitability of Pakistan's cement sector is projected to grow by a substantial 42% year-on-year in the fiscal year 2025, according to a recent analysis by AKD Securities Limited. This anticipated growth is attributed to improving macroec...

Karachi: The Pakistan Chemicals and Dyes Merchants Association (PCDMA) has criticized the Federal Board of Revenue (FBR) for introducing an e-invoicing system without prior stakeholder consultation or awareness sessions, labeling it a nightmare for ta...

Karachi: Pakistan has achieved a record in its remittance inflows, with the fiscal year 2025 witnessing overseas Pakistanis sending home a total of $38.3 billion. This represents a 27% increase compared to the previous year, as detailed in a recent re...

Karachi: The Exchange Companies Association of Pakistan (ECAP) released the closing exchange rates on July 10, 2025, showing minor fluctuations in the buying and selling prices of major currencies. According to the State Bank of Pakistan, the US dolla...

Karachi: The Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Muhammad Aman Pracha, has voiced concerns about the impact of current tax policies on the business environment. He called for the government to revoke...