General Business News

KARACHI: The Pakistan Chemical and Dyes Merchants Association (PCDMA) has expressed concerns over the challenges faced by traders due to a new requirement imposed by the Federal Board of Revenue (FBR). The FBR's SRO 55(I)/2025 mandates registered comm...

Karachi: The Pakistan Stock Exchange (PSX) witnessed a dynamic trading session today, with initial bullish sentiment propelling the market to a new intraday high before profit-taking activities led to a modest decline. The market closed at 121,641 poi...

Lahore: Sui Northern Gas Pipelines Ltd (SNGP) unveiled significant financial gains and expansion plans during its FY24 analyst briefing. The company reported a substantial 80% year-over-year increase in net profits, reaching PkR19 billion, alongside 1...

Islamabad: inDrive.Delivery has introduced Business Mode in Pakistan, targeting small and medium enterprises (SMEs) with enhanced tools for package coverage and delivery options. This move follows a reported 36% rise in business-to-business activity o...

Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of Pakistan Refinery Limited (PRL), citing its significant role in the country's petroleum supply and its association with the state-owned Pakistan State Oil ...

Lahore: Hadeed Pakistan (Pvt.) Limited has secured initial entity ratings from The Pakistan Credit Rating Agency Limited, marking a significant milestone for the family-operated business in the flat steel manufacturing industry. As a new entrant in th...

Faisalabad: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the debt instrument rating for Masood Textile Mills Limited's PKR 2 billion Sukuk, maturing in September 2024. This rating reflects the company's robust business profile in v...