General Business News

Karachi: The Exchange Companies Association of Pakistan (ECAP) released the closing exchange rates for November 13, 2025, indicating a stable performance of the Pakistani currency in the open market. The rates, sourced from the State Bank of Pakistan,...

Islamabad: Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry, has launched a significant initiative to identify potential sites for new deep-sea ports along Pakistan's coastline. The move is part of a broader vision aimed at bolste...

Lahore: Mughal Energy Ltd (GEMMEL) unveiled its forthcoming 36.5MW hybrid coal and biofuel power plant during an analyst briefing, indicating the project will be fully commissioned by the end of 2025. The initiative aims to enhance energy efficiency a...

Karachi: Maple Leaf Cement Factory Ltd. (MLCF) has unveiled plans to potentially acquire a significant stake in Pioneer Cement Ltd. (PIOC), marking a strategic move in the industry. The acquisition would involve a 69.75% stake, comprising 58.03% throu...

Karachi: Mughal Iron and Steel Industries Ltd reported a decline in its financial performance for FY25, with a 3% decrease in topline revenue, amounting to PkR89.5 billion. The company's bottom line also saw a significant drop of 52% year-on-year, rea...

ISLAMABAD: In a bid to strengthen security and suppress criminal activity, the Islamabad Police, under the direction of Inspector General Syed Ali Nasir Rizvi, executed a rigorous search operation in the Karachi Company area. This initiative is part o...

Islamabad: Minister for Planning Ahsan Iqbal urged the adoption of nature-based construction materials to mitigate the effects of climate change as he addressed an audience in the city. He revealed that the government has developed green building code...