General Business News

Karachi: The Exchange Companies Association of Pakistan (ECAP) reported the closing exchange rates for November 19, 2025, indicating stability across major foreign currencies. According to the data released, the US dollar was bought at 281.32 PKR and ...

Karachi: The State Bank of Pakistan has released the latest Karachi Interbank Offered Rates (KIBOR), revealing a steady trend across various tenors as the country faces ongoing economic challenges. The rates, which serve as a benchmark for lending in ...

Karachi: Muhammad Ikram Rajput, the President of the Korangi Association of Trade and Industry (KATI), has expressed optimism regarding recent commitments by Prime Minister Muhammad Shehbaz Sharif and Sindh Chief Minister Syed Murad Ali Shah to improv...

Karachi: Pakistan International Bulk Terminal (PIBTL) reported a significant decrease in its financial performance for the fiscal year 2025, as disclosed during an analyst briefing. The company's topline dropped to PKR 10.0 billion, marking a 28% year...

Karachi: Ghani Global Glass Ltd. (GGGL) announced a significant increase in profitability during its FY25 analyst briefing, attributing the growth to improved sales, expanded gross margins, and decreased finance costs. The company reported a 108 perce...

Karachi: Matco Foods Ltd. (MFL) presented its financial results for the fiscal year 2025 in a corporate briefing, revealing a decline in revenue but a return to profitability. The company's topline reached PkR26.7 billion, a decrease of 3.8% from the ...

Lahore: Millat Tractors Ltd. (MTL), a prominent player in the agricultural machinery sector, reported a significant decline in its financial performance for the fiscal year 2025. The company announced a 43% decrease in revenue, attributing this downtu...