General Business News

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...

Karachi: Standard Chartered has announced in its latest report that global Islamic finance assets are anticipated to exceed $7.5 trillion by 2028. This projection marks a significant growth of 36% over the next four years, as the sector undergoes expa...

Karachi: A significant meeting convened between a delegation from the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and U.S. government trade agencies. Key figures from FPCCI, including Zubair Tufail and Samina Fazil, engaged in tal...

Karachi: Cement dispatches in April 2025 saw a significant increase, with total volumes reaching 3.3 million tons, marking a 13% year-on-year rise. The growth was driven by an 8% increase in local dispatches and a substantial 35% jump in exports. The ...

Karachi: The government of Pakistan has provisionally allocated 13 new onshore exploration blocks as part of the Directorate General of Petroleum Concessions (DGPC) Bid Round 2025. This move is expected to revitalize the exploration and production (E ...