General Business News

Karachi: The Exchange Companies Association of Pakistan has released the latest foreign currency exchange rates, revealing fluctuations across several major currencies. The announcement provides insights into the current economic climate as observed t...

Karachi: VIS Credit Rating Company Limited has announced the initiation of a review of Muhammad Shafi Tanneries (Private) Limited. The announcement indicates that a comprehensive rating review is underway, and a subsequent rating action will be commun...

Karachi: The State Bank of Pakistan announced a revised monetary policy aimed at addressing inflationary pressures in the nation. The central bank has decided to raise the benchmark interest rate by 100 basis points, moving it to 16%. This decision re...

Karachi: Pakistan Petroleum Ltd (PPL) has partnered with the Government of Balochistan to develop a lead and zinc mining project in Khuzdar. The agreement secures a mining lease for the Barytes, Lead and Zinc (BLZ) Project, promising substantial reven...

Karachi: Cement dispatches in March 2025 recorded a 9% year-on-year decline, totaling 3.6 million tons. This decrease is primarily attributed to an 11% drop in local dispatches across both the North and South regions during the Ramadan season. Export ...

Karachi: The latest figures released by the State Bank of Pakistan indicate a stable trend in the Karachi Interbank Offered Rate (KIBOR), with minor fluctuations observed across different tenors. The rates, which serve as a benchmark for lending betwe...

Karachi: The State Bank of Pakistan has disclosed its most recent financial figures, revealing the ceiling and floor amounts for specific institutions as of April 10, 2025. According to the data, the ceiling amount stands at 15,700 with three insti...