General Business News

Islamabad: Allied Bank has been recognized by UnionPay International (UPI) with an award for the highest co-badged debit card issuance. This accolade highlights the bank's significant role in advancing digital payment solutions within Pakistan. The...

Lahore: Interloop Ltd. (ILP) has released its financial results for the third quarter of fiscal year 2025, highlighting a significant drop in profitability. The company reported earnings of PkR1.3 billion, or PkR0.95 per share, marking a 68% decrease ...

Islamabad: Careem, the leading ride-hailing service in Pakistan, has secured an Effie Award in the Software category. The accolade was given for the company's "Take Back Your Marzi with Flexi" campaign, showcasing its commitment to impactful and custo...

KARACHI: The Chairman of the National Tariff Commission (NTC), Naeem Anwar, has emphasized the commission's dedication to safeguarding domestic industries while ensuring consumer protection. Speaking at a recent meeting at the SITE Association of Indu...

Karachi: The third-quarter earnings forecasts for Mughal Iron and Steel Ltd. (MUGHAL) and Amreli Steels Ltd. (ASTL) indicate a challenging period for Pakistan's long steel sector, as both companies grapple with subdued profitability due to persistent ...

Karachi: The Exchange Companies Association of Pakistan announced new currency exchange rates on Tuesday. According to the latest figures, the US Dollar is being bought at 281.31 and sold at 282.87 in the open market. The Euro is being bought at 319...

Karachi: The Overseas Investors Chamber of Commerce and Industry (OICCI) has unveiled a series of tax reform recommendations for the Federal Budget 2025-26, aiming to increase Pakistan's tax-to-GDP ratio to 14 percent from its current rate of less tha...