Business News

Karachi: In a significant development for Pakistan's Islamic finance sector, Pak-Qatar Family Takaful Limited (PQFTL) has achieved a milestone by becoming the first dedicated Family Takaful operator in the country to receive an 'AA' Insurer Financial ...

Karachi: The pace of tax reforms in Pakistan remains sluggish and unsatisfactory, according to Mian Zahid Hussain, a prominent figure in the business community. Hussain, who holds multiple leadership roles, emphasized that the country's economic polic...

Karachi: Banks in Pakistan are expected to report a year-over-year decline in core income for the second quarter of the calendar year 2025, according to a financial preview provided by JS Global. The contraction is attributed to narrowing net interest...

Karachi: The Exchange Companies Association of Pakistan has released new foreign currency exchange rates, indicating minor fluctuations across various currencies. The rates, dated July 30, 2025, show changes in buying and selling prices for key foreig...

Karachi: TPL Properties has initiated construction on Lagoon Views 1, the first residential tower of The Mangrove, Karachi's pioneering mixed-use sustainable development located at Cantonment Board Korangi Creek. The groundbreaking ceremony, held on J...

Karachi: President of the Korangi Association of Trade and Industry (KATI), Junaid Naqi, has voiced significant disappointment regarding the State Bank of Pakistan's (SBP) decision to maintain the policy interest rate at 11%. Naqi argues that this dec...

KARACHI: In a recent statement, Muhammad Jawed Bilwani, President of the Karachi Chamber of Commerce and Industry (KCCI), voiced strong criticism of the State Bank of Pakistan's (SBP) decision to keep the policy interest rate at 11 percent, a level co...