General Business News

Karachi: Gold prices across Pakistan remained unchanged on Monday, reflecting a period of stability in the global precious metals market. According to All Pakistan Sarafa Gems and Jewellers Association, the rate for one tola of 24-carat gold stood a...

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Naveena Industries Limited ('NIL') at 'A-/A2'. The medium to long-term rating of 'A-' suggests good credit quality with adequate protection factors, while the short-term r...

Karachi: The State Bank of Pakistan (SBP) has opted to maintain the policy rate at 12.0% as announced in its latest monetary policy statement. Although inflation has shown signs of easing, core inflation remains high, and pressures on the external acc...

Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) expressed dissatisfaction following the State Bank of Pakistan's decision to maintain the current policy rate, despite the declining inflation rates. Business leaders had an...

Karachi: New data from the Exchange Companies Association of Pakistan (ECAP) reveals a notable increase in foreign currency exchange rates against the Pakistani Rupee. The figures, released on March 8, 2025, show upward trends across multiple currenci...

Karachi: Engro Holdings Limited (ENGROH) is set to reshape its business outlook through a strategic divestment of its energy portfolio and a restructuring that will enhance its earnings potential. The company has announced that it is currently divesti...

Karachi: Engro Holdings Ltd. (ENGROH) reported a 7% year-on-year increase in consolidated earnings from continuing operations for the calendar year 2024, reaching PkR21 billion. This growth was driven by higher urea prices and cost efficiencies. Acc...