General Business News

Karachi: The textile sector in Pakistan is poised for a significant upturn in profitability during the first quarter of fiscal year 2026, driven by enhanced gross margins and a reduction in finance costs, according to an analysis by AKD Securities Lim...

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has expressed dissatisfaction with the State Bank of Pakistan's decision to keep the benchmark interest rate steady at 11 percent, describing it as a lost chance to alleviate the financial b...

Karachi: Systems Limited (SYS) has reported a significant rise in its third-quarter earnings for 2025, with a consolidated profit after tax of Rs2.8 billion, equivalent to earnings per share (EPS) of Rs1.90. This marks a 28% increase compared to the s...

Karachi: Local mobile phone manufacturing in Pakistan saw a substantial increase in September 2025, with a 55% month-on-month rise in production, according to the Pakistan Telecommunication Authority. The number of mobile units manufactured or assembl...

Karachi: The Exchange Companies Association of Pakistan released the latest currency exchange rates, reflecting subtle shifts in the values of major international currencies against the Pakistani Rupee. These adjustments come amid ongoing economic dev...

Karachi: The President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Atif Ikram Sheikh, has voiced strong opposition to the State Bank of Pakistan's decision to maintain its policy interest rate at 11%. He labeled the move a...

Karachi: Cherat Cement Company Ltd. (CHCC) has reported a 27 percent year-on-year decline in profitability for the first quarter of the fiscal year 2026, as per the company's financial results. The cement manufacturer registered a profit of PKR2.1 bil...