General Business News

KARACHI: The Pakistan Chemicals and Dyes Merchants Association (PCDMA) has voiced strong objections to the Income Tax Laws (Amendment) Ordinance 2025, labeling it as an unfair imposition. The association is calling on President Asif Ali Zardari and th...

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...

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has affirmed the entity ratings of Aslam Energy (Pvt.) Limited, highlighting the company's strong business profile and its affiliation with Flow Petroleum (Pvt.) Limited. The ratings reflect As...

Karachi: The Exchange Companies Association of Pakistan (ECAP) reported the closing exchange rates for various currencies as of May 5, 2025. The rates reveal the current state of international currency exchanges in the open market. The US dollar mai...

Karachi: The State Bank of Pakistan (SBP) reduced its policy rate by 100 basis points to 11.0%, aligning with expectations and reflecting improved inflation outlook due to decreased electricity and food prices. Despite this positive development, the c...

KARACHI: Ahmed Azeem Alvi, president of the SITE Association of Industry, expressed dissatisfaction with the State Bank of Pakistan's recent decision to reduce the policy rate by 100 basis points. Alvi urged the central bank to slash the rate into sin...