Business News

Karachi: The State Bank of Pakistan has released the latest weighted average customer exchange rates, indicating minor fluctuations in the buying and selling rates of major global currencies. According to the Domestic Markets and Monetary Managemen...

Karachi: The auto sector in Pakistan has witnessed a strong recovery in FY25, with sales soaring following a two-year downturn. Total industry sales rose by 20% year-on-year, reaching 182,452 units, according to a report by AKD Securities Limited. I...

Karachi: The KSE-100 Index experienced a significant decline, losing 826 points to close at 132,577, with a trading volume of 903 million shares. Top gainers included BNWM, GADT, and YOUW, while PSEL, HGFA, and SCBPL saw the largest losses. Investment...

Karachi: The State Bank of Pakistan has disclosed the latest figures regarding the utilization of its overnight repo and reverse repo facilities. According to the central bank's Domestic Markets and Monetary Management Department, the data for July 10...

Karachi: The State Bank of Pakistan released the latest figures for the Karachi Interbank Offered Rate (KIBOR), reflecting slight adjustments across various tenors. The rates, which serve as a benchmark for lending in the financial sector, exhibit min...

Karachi: Pakistan's exploration and production (E and P) sector is on the cusp of recovery, driven by improving liquidity and increased discoveries, according to figures released by the Pakistan Petroleum Information Service (PPIS) for the fiscal year...

Karachi: The profitability of Pakistan's cement sector is projected to grow by a substantial 42% year-on-year in the fiscal year 2025, according to a recent analysis by AKD Securities Limited. This anticipated growth is attributed to improving macroec...