General Business News

Lahore: In a recent analysis, Zafar Iqbal, Vice President of the Pakistan China Joint Chamber of Commerce and Industry (PCJCCI), asserted that the long-standing dominance of the U.S. dollar in global trade is facing a significant challenge. This shift...

Karachi: The State Bank of Pakistan released the latest Karachi Interbank Offered Rates (KIBOR) on May 7, 2025, indicating relative stability in short-term borrowing costs, with minor fluctuations observed in longer tenors. The published rates refle...

Karachi: The State Bank of Pakistan (SBP) announced a surprising 100 basis point reduction in the policy rate, bringing it down to 11 percent. This move, driven by decreasing inflation, marks the seventh rate cut in the current monetary easing cycle a...

Karachi: VIS Credit Rating Company Limited announced the reaffirmation of International Textile Limited's (ITL) entity ratings at 'A/A2' (Single A / A Two), maintaining a stable outlook. The ratings reflect ITL's solid credit quality and adequate prot...

Karachi: Lucky Electric Power Company Limited (LEPCL) has been assigned an initial rating by The Pakistan Credit Rating Agency Limited (PACRA), marking a significant milestone for the power company. The rating pertains to the company's issuance of PPS...

Karachi: The Exchange Companies Association of Pakistan has released the latest currency exchange rates, indicating minor fluctuations across major foreign currencies against the Pakistani Rupee. The announcement, communicated through their official c...

Islamabad: Fauji Fertilizer Company Ltd. (FFC) announced a significant increase in earnings for the first quarter of the calendar year 2025 during a corporate briefing, despite facing industry-wide challenges. The company reported earnings of PkR13.3 ...