General Business News

Karachi: A notable increase in petroleum sales was observed in November 2024, with the Oil Marketing Companies (OMC) industry reporting a 15% year-on-year growth in sales volumes.

According to JS Global, this uptick is attributed to the low base fr...

The post Petroleum Sales Surge in November, Yet PDL Targets Remain Elusive appeared first on Pakistan Business News.

Karachi: The Korangi Association of Trade and Industry (KATI) is set on transforming the Korangi industrial area into a leading industrial zone. At a recent meeting, KATI President Junaid Naqi emphasized the importance of collaboration with district a...

The post Korangi Industrial Zone Seeks Enhanced Coordination for Development appeared first on Pakistan Business News.

LAHORE: The Pakistan Credit Rating Agency Limited (PACRA) has affirmed the AAA long-term rating for the Pakistan Water and Power Development Authority’s (WAPDA) debt instrument, maintaining a stable outlook. This decision underscores the strategic imp...

The post PACRA Affirms AAA Rating for WAPDA Debt Instrument, Citing Strategic Importance appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Oil & Gas Development Company Limited (OGDCL) at 'AAA/A1+' with a stable outlook. These ratings reflect OGDCL's robust financial health, industry leadership, and commi...

The post VIS Reaffirms Triple-A Ratings for Oil & Gas Development Company Limited appeared first on Pakistan Business News.

Karachi: Inflation in November 2024 registered a Consumer Price Index (CPI) of 4.9%, the lowest reading in over six and a half years. This marks a significant drop from the 28.6% average recorded in the first five months of the previous fiscal year, b...

The post November 2024 CPI Reaches 4.9%, Lowest in Over Six Years appeared first on Pakistan Business News.

Karachi: Bank Alfalah has been recognized with two significant accolades at the Pakistan Banking Awards 2024: 'Best Bank for Digital Excellence' for the third consecutive year and 'Best Bank for Customer Engagement' for the sixth time.

According to ...

The post Bank Alfalah Secures Dual Honors at Pakistan Banking Awards 2024 appeared first on Pakistan Business News.

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has called for the immediate withdrawal of a new Minimum Retail Price (MRP) regulation on black tea imports, arguing that the policy will place undue financial pressure on lower-income house...

The post Karachi Chamber of Commerce Urges Government to Reconsider Tea Pricing Regulation appeared first on Pakistan Business News.