General Business News

Karachi: A high-level delegation from the World Bank Group has arrived in Pakistan, marking its first visit in two decades, to explore potential economic development projects and investment opportunities. Aman Pracha, Vice President of the Federation ...

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Karachi: In a significant boost to Pakistan's economy, the International Finance Corporation (IFC) has announced plans to invest $2 billion annually in the country's infrastructure and key sectors. The announcement comes amid a flurry of economic deve...

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HUB, Pakistan: The industrial sector in Hub, a pivotal manufacturing area, has announced an emergency strike scheduled for February 20, 2025, in response to persistent water shortages. The decision follows repeated, yet unresolved complaints to local ...

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Karachi: The State Bank of Pakistan has reported its latest overnight repo and reverse repo transactions, with financial institutions engaging in significant short-term borrowing and lending activities. On February 17, 2025, two institutions accessed ...

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Karachi: The State Bank of Pakistan has released the latest Karachi Interbank Offered Rate (KIBOR) for tenors ranging from one week to one year. The rates indicate a slight fluctuation across the different tenors, with the one-week bid rate at 11.95 a...

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Karachi: The Exchange Companies Association of Pakistan (ECAP) has released the latest open market closing exchange rates, revealing shifts in the buying and selling prices of major currencies as of February 17, 2025. The report highlights the U.S. do...

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Karachi: Fertilizer sales in Pakistan experienced significant declines in January 2024, primarily due to advance procurement by farmers in the previous month. Urea sales fell 27% year-on-year to 446,000 tons, marking a considerable drop attributed to ...

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