Business News

Karachi: Ghandhara Automobiles Limited (GAL), a prominent player in Pakistan’s truck manufacturing industry, is poised for a significant earnings turnaround. The company has been given a Buy rating by analysts, with a projected 47% upside to its disco...

Karachi: United Bank Ltd (UBL) released its financial results for the second quarter of the calendar year 2025, showing a mixed performance marked by increased net profit after tax (NPAT) but a decline in quarterly earnings due to higher operating exp...

Karachi: The State Bank of Pakistan released the latest Karachi Interbank Offered Rate (KIBOR) figures, revealing stable short-term lending rates. On July 11, 2025, the rates for various tenors showed minor fluctuations, indicating a steady lending en...

Karachi: The Pakistan Chemicals and Dyes Merchants Association (PCDMA) has criticized the Federal Board of Revenue (FBR) for introducing an e-invoicing system without prior stakeholder consultation or awareness sessions, labeling it a nightmare for ta...

Karachi: Pakistan has achieved a record in its remittance inflows, with the fiscal year 2025 witnessing overseas Pakistanis sending home a total of $38.3 billion. This represents a 27% increase compared to the previous year, as detailed in a recent re...

Karachi: The Exchange Companies Association of Pakistan (ECAP) released the closing exchange rates on July 10, 2025, showing minor fluctuations in the buying and selling prices of major currencies. According to the State Bank of Pakistan, the US dolla...

Karachi: The Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Muhammad Aman Pracha, has voiced concerns about the impact of current tax policies on the business environment. He called for the government to revoke...