General Business News

Karachi: The Exchange Companies Association of Pakistan (ECAP) reported minor changes in the open market exchange rates on May 21, 2025. The State Bank of Pakistan released these figures, indicating a modest shift in the buying and selling prices of m...

Karachi: The State Bank of Pakistan has released the latest figures for the weighted average customer exchange rates. The data provides insights into the buying and selling rates for various international currencies as of the latest update. The exc...

Karachi: JS Investments Limited, in collaboration with Gohar Group of Companies, has announced the launch of Pakistan's first Shariah-compliant hotel real estate investment trust (REIT) in Hyderabad, Sindh. The JS Hotel REIT (JSHR) is a hybrid model f...

Karachi: The Pakistan Credit Rating Agency (PACRA) has upheld the debt instrument rating of Samba Bank Limited, supported by its parent company, Saudi National Bank, the largest commercial bank in Saudi Arabia. Despite a decline in profit after tax an...

Karachi: The Karachi Interbank Offered Rate (KIBOR) showed slight variations across different tenors, according to data released by the State Bank of Pakistan. The latest figures indicate minor adjustments in both bid and offer rates for various time ...

Karachi: Sheikh Umar Rehan, the Chairman of the Pakistan Vanaspati Manufacturers Association (PVMA), has called on the federal government to abolish Section 8B of the Sales Tax Act for the ghee and cooking oil industry in the upcoming budget. He addre...

Karachi: The State Bank of Pakistan announced a new floor limit for institutional investments, setting the amount at 60,000 for one institution, effective from May 20, 2025. This adjustment aims to regulate the flow of investments within the banking s...