Business News

Karachi: The State Bank of Pakistan (SBP) decided to maintain the policy rate at 11%, defying widespread market expectations for a cut. The Monetary Policy Committee (MPC) emphasized that the decision was critical to address the challenges posed by ri...

Karachi: Pakistan has finalized a significant trade agreement with the United States aimed at enhancing bilateral trade, expanding market access, and attracting foreign investment. The agreement, announced by AKD Securities Limited, is expected to fos...

Karachi: Bank Alfalah Limited (BAFL) disclosed its second-quarter financial results for the calendar year 2025, revealing a growth in net profit after tax (NPAT) to PkR8.2 billion, translating to earnings per share (EPS) of PkR5.22. The figures repres...

Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) expressed dissatisfaction with the State Bank of Pakistan's decision to maintain the current policy rate, a move seen as misaligned with the country's economic needs. Ati...

Karachi: Engro Fertilizers Limited (EFERT) has reported a substantial increase in profitability for the second quarter of the calendar year 2025, driven by robust sales and improved margins. The company announced consolidated earnings of PKR 5.6 billi...

KARACHI: The President of the SITE Association of Industry, Ahmed Azeem Alvi, has voiced significant concern regarding the State Bank of Pakistan's decision to maintain the policy rate at 11%. According to a statement from Mr. Alvi, the central bank's...

Karachi: Systems Limited (SYS), in a decisive move to enhance its global presence, announced the acquisition of British American Tobacco SAA Services (Private) Limited from British American Tobacco International Holdings (UK) Limited. The acquisition,...