General Business News

KARACHI: The State Bank of Pakistan's recent decision to maintain the policy interest rate at 11 percent has drawn criticism from Muhammad Ikram Rajput, President of the Korangi Association of Trade and Industry (KATI). The rate, unchanged for the fou...

Karachi: The State Bank of Pakistan (SBP) maintained its policy rate at 11.0%, citing an improved economic outlook and the ongoing effects of previous rate reductions. The decision was announced today during a post-monetary policy statement briefing b...

Lahore: Millat Tractors Limited (MTL) announced its financial results for the first quarter of fiscal year 2026, revealing a notable decrease in earnings. The company reported an unconsolidated profit of Rs514 million, translating to an earnings per s...

Karachi: The SITE Association of Industries (SAI) has issued a strong critique of Pakistan's telecom operators and internet service providers, citing persistent network problems that they argue are hindering business activities. Industrialists from...

Karachi: Fauji Cement Company Ltd. (FCCL) has released its financial results for the first quarter of fiscal year 2026, revealing a slight increase in profitability. The company reported earnings of PkR3.3 billion, equivalent to an earnings per share ...

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has assigned a preliminary debt instrument rating to Nishat Mills Limited (NML) for its PKR 7 billion privately placed term sukuk (PPSTS). NML, a major player in Pakistan's textile sector and t...

Guangzhou: TCL has unveiled its latest air conditioning technologies, including the VoxIN JetMax and SaveIN Series, at the Middle East and Africa Air Conference 2025 in Guangzhou, China. The event highlighted the company's commitment to integrating in...