General Business News

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...

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...

Karachi: Pakistan's oil marketing companies (OMCs) reported a notable increase in sales for April 2025, reaching a 13-month high with 1.46 million tons sold, marking a 32% rise compared to the previous year and a 20% increase from the previous month. ...

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has affirmed the stability rating of the MCB Cash Management Optimizer, a low-risk money market fund that remains a key cash management tool for both institutional and retail investors. The Fun...