General Business News

Karachi: Pakistan's currency exchange rates experienced minimal fluctuations in the open market, with the U.S. dollar closing at 278.76 for buying and 281.04 for selling, revealing a stable trend for the day.

According to a statement by State Bank o...

The post Currency Exchange Rates Show Stability in Pakistan’s Open Market appeared first on Pakistan Business News.

Karachi: The State Bank of Pakistan has released the latest figures on the weighted average customer exchange rates for various currencies, indicating slight fluctuations in buying and selling rates as of February 11, 2025. The United States dollar, e...

The post Exchange Rate Fluctuations as State Bank of Pakistan Releases New Data appeared first on Pakistan Business News.

Karachi: The Karachi Interbank Offered Rate (KIBOR) rates have experienced slight fluctuations across different tenors, as indicated in the latest data release. The rates, which serve as a benchmark for lending between banks, showed mixed movements ac...

The post KIBOR Rates See Marginal Changes Across Various Tenors appeared first on Pakistan Business News.

Karachi: Pakistan's remittance inflows witnessed a significant boost in January 2025, reaching $3 billion, marking a 25% year-on-year increase. Over the cumulative period of the first seven months of fiscal year 2025, overseas Pakistanis remitted $20....

The post Pakistan’s Remittance Inflows Surge by 25% in January appeared first on Pakistan Business News.

Karachi: Lucky Electric Power Company Limited (LEPCL) has been assigned a preliminary 'AA' long-term rating and an 'A1+' short-term rating for its new PKR 6 billion debt instrument, PPSTS-21, by The Pakistan Credit Rating Agency Limited (PACRA). The r...

The post Lucky Electric Power Company Secures ‘AA’ Rating for New Debt Instrument appeared first on Pakistan Business News.

Karachi: The Exchange Companies Association of Pakistan released new currency exchange rates on Tuesday, detailing adjustments in the valuation of several major currencies against the Pakistani Rupee.

According to a statement by Exchange Companies A...

The post Currency Exchange Rates Adjust in Pakistan appeared first on Pakistan Business News.

Karachi: Engro Polymer and Chemicals Ltd. (EPCL) has unveiled its financial results for the fourth quarter of the calendar year 2024, reporting consolidated earnings of PkR2.1 billion, a 40 percent year-on-year decrease from the same period last year....

The post Engro Polymer Reports 40% Decline in 4QCY24 Earnings Amid Tax Reversal and Margin Improvements appeared first on Pakistan Business News.