Business News

KARACHI: Pakistan has achieved a historic current account surplus of $2.1 billion for the fiscal year 2025, driven by a surge in remittances from overseas Pakistanis, according to Mian Zahid Hussain, a prominent business leader. While the development ...

Karachi: Prominent Pakistani rice exporter Rafique Suleman has been elected President of the Pakistan-Kenya Business Council (PKBC). Suleman, who has been instrumental in enhancing trade relations between the two countries, pledged to deepen the econo...

Karachi: The State Bank of Pakistan has released new data detailing the financial ceiling and floor amounts for July 24, 2025. According to the report, there was a ceiling amount of 100 units involving one institution, while the floor amount stood at ...

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has assigned initial ratings to Masood Spinning Mills Limited (MSML), recognizing the company's positioning in Pakistan's spinning industry. The ratings are bolstered by MSML's affiliation with...

Karachi: The State Bank of Pakistan has released the latest Karachi Interbank Offered Rates (KIBOR) for July 24, 2025, showing minor adjustments across various tenors. The rates, which serve as a benchmark for lending in the financial sector, indicate...

Lahore: The Pakistan Credit Rating Agency Limited has reaffirmed the ratings of Fatima Fertilizer Company Limited (FFCL), highlighting its strategic importance in Pakistan's fertilizer sector. The ratings reflect the company's robust business fundamen...

Karachi: In the latest report from the Exchange Companies Association of Pakistan, the open market closing exchange rates as of July 24, 2025, indicate stability in the currency market. The US dollar was bought at 286.25 and sold at 287.60 against ...