General Business News

Karachi: Mari Energies Ltd (MARI), the operator of the Waziristan Block, has announced the discovery of hydrocarbons in the Spinwam-1 exploratory well. The well, located in the Waziristan Block, has demonstrated a flow rate of 12.96 million cubic feet...

Karachi: Currency exchange rates in Pakistan showed slight fluctuations on February 25, 2025, with the US dollar and Euro experiencing minor increases against the Pakistani rupee. The British pound and Japanese yen also saw movements, reflecting ongoi...

Karachi: International Packaging Films Limited (IPAK) Group has reported a significant revenue increase of 61% for the six months ending December 31, 2024. The group's consolidated revenue reached Rs 16.25 billion, up from Rs 10.08 billion in the same...

Karachi: Pakistan Business Forum (PBF) has issued a stark warning about the state of Pakistan's economy, stressing that the current high electricity tariffs are undermining industrial growth, threatening businesses, and jeopardizing nationwide employm...

Karachi: VIS Credit Rating Company Limited (VIS) has assigned a preliminary rating of 'AA- (plim)' to the proposed Sukuk 2 issuance by Mughal Iron and Steel Industries Limited. The rating, indicating high credit quality, comes with a stable outlook, e...

Lahore: Fauji Cement Company Ltd. (FCCL) has reported a significant increase in its financial performance for the second quarter of the fiscal year 2025, with earnings rising by 51% year-over-year. The company's earnings reached PkR4.0 billion, equiva...

Karachi: Pakistan Stock Exchange (PSX) and Baku Stock Exchange (BSE) have signed a Memorandum of Understanding (MOU) to enhance bilateral cooperation between the capital markets of Pakistan and Azerbaijan. The agreement, finalized in an online ceremon...