General 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.

Karachi: Pakistan's auto industry experienced a notable increase in sales in January 2025, with total industry volumes rising by 31% compared to the same period last year. The surge was primarily driven by a significant 52% increase in passenger car a...

The post Auto Sales Surge in Pakistan as New Year Drives Demand appeared first on Pakistan Business News.

Karachi: The Korangi Association of Trade and Industry (KATI) and the Sindh Technical Education and Vocational Training Authority (STEVTA) have reached an agreement to strengthen their collaboration to develop a skilled workforce in partnership with t...

The post KATI and STEVTA Forge Alliance to Boost Vocational Training appeared first on Pakistan Business News.