General Business News

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Chinese Envoy Advocates for Boosted Trade Ties with Pakistan

KARACHI: H.E Yang Yundong, Consul General of the People's Republic of China, underscored the robust diplomatic and economic ties between China and Pakistan while calling for an increase in bilateral trade. "The friendship between China and Pakistan is...

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New Tax Filing Rules Pose Challenges for Small Businesses: Bilwani

KARACHI: The recent changes by the Federal Board of Revenue (FBR) have made it nearly impossible for small businesses to file timely sales tax returns, according to Muhammad Jawed Bilwani, President of the Karachi Chamber of Commerce and Industry (KCC...

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Bank Alfalah Reports Decline in Profits but Boosts Cash Payouts

Karachi: Bank Alfalah Limited reported a significant decline in profits for the fourth quarter of 2024, announcing earnings of PkR4.7 billion, or PkR3.0 per share. This represents a year-over-year decrease of 49% and a quarterly drop of 64%. Despite t...

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Nestlé Pakistan Triumphs at OICCI Climate Excellence Awards

KARACHI: Nestlé Pakistan was honored with the top Climate Champion Award at the inaugural OICCI Climate Excellence Awards, spotlighting its initiatives in climate action, sustainability, renewable energy, and regenerative agriculture. The awards were ...

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Severe Water Shortage Halts Industrial Production in Karachi’s SITE Area

KARACHI: A severe water shortage has halted industrial production in Karachi's SITE area, leaving factories closed and workers idle for the past four days.

According to a statement by SITE Association of Industry, Ahmed Azeem Alvi. The interruption ...

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Security Papers Limited Reports 7.5% Profit Growth in First Half of Fiscal Year

Karachi: Security Papers Limited (SPL) has announced a 7.5% increase in after-tax profit for the first half of the fiscal year 2024-25, marking a significant financial milestone for the company. This growth aligns with a similar rise in earnings per s...

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