General Business News

Karachi: The State Bank of Pakistan has released its latest financial figures, revealing a range of interest rate ceilings and floors applied to various institutions. The newly reported data, dated May 7, 2025, indicates significant variation in the a...

Karachi: The State Bank of Pakistan (SBP) has released its latest data on overnight repo and reverse repo facilities, revealing a significant utilization by financial institutions. On May 7, 2025, one institution accessed the SBP's overnight repo faci...

Karachi: Bank Alfalah has unveiled Worklee, a human resources hiring and remote working app, marking a significant step in creating inclusive and accessible employment opportunities across Pakistan. The app, the first of its kind in the country, is de...

Karachi: Cement dispatches in Pakistan rose significantly in April 2025, reaching a total of 3.34 million tons, marking a 13% increase compared to the same month last year. This growth was propelled by an 8% rise in local offtakes and a notable 35% su...

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...