General Business News

Karachi: The stock market experienced a volatile week, with a final surge on Friday that helped mitigate earlier losses. The market closed at 159,592.9 points after a 496-point recovery in the last session, yet overall it shed 2,038 points or 1.3% ove...

Karachi: The Exchange Companies Association of Pakistan reported notable fluctuations in currency rates on November 7, 2025, reflecting shifting market dynamics. The U.S. dollar was pegged at 281.31 for buying and 281.85 for selling. The euro saw a...

Karachi: In a notable development for economic collaboration, the Consul General of China in Karachi, Yang Yundong, has emphasized the need to bolster trade relations with Pakistan, advocating for enhanced bilateral trade through increased cooperation...

KARACHI: Pakistan's economy recorded a fiscal surplus of 1.6% of GDP in the first quarter of Fiscal Year 2026, amounting to Rs2.1 trillion. This compares to a surplus of 1.7% in the same period last year and a deficit of 2.8% in the previous quarter. ...

Karachi: MSCI has recalibrated its Frontier Market Index, incorporating significant changes for Pakistan's securities. In its November review, MSCI added eight securities to the Frontier Market Index, with three originating from Pakistan. This adjustm...

Karachi: Urea off-take in October 2025 is projected to experience a slight year-on-year decline of 2%, according to recent data. The cumulative decrease in urea off-take for the first ten months of 2025 is expected to ease to 7.6%. The industry aims t...

Multan: The Pakistan Credit Rating Agency Limited has affirmed the rating of IMM REIT Management Company Limited, reflecting its experienced management team and strategic backing from prominent industry players. IMM RMC, owned by Mascon Private Limite...