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: Meezan Bank Limited (MEBL) has reported a decline in its third quarter earnings for 2025, with earnings per share (EPS) of Rs11.7, marking an 18% year-on-year decrease and a 13% quarter-on-quarter decline. The drop in earnings, which totaled ...

Karachi: Cnergyico PK Limited (CNERGY) held an analyst briefing to announce its financial performance for the fiscal year 2025, highlighting significant revenue growth but also revealing a net loss due to lower gross margins and reduced crack spreads....

KARACHI: Kot Addu Power Company Limited (KAPCO) shared its FY25 financial results and strategic developments during an analyst briefing, highlighting substantial earnings, new business models, and diversification efforts. KAPCO announced earnings of...