Business News

Karachi: Pakistan's manufacturing sector experienced a notable deceleration in June, with the HBL Manufacturing Purchasing Managers' Index (PMI) dropping to a 10-month low of 50.5, compared to 51.1 in May. This decline signals a significant slowdown i...

KARACHI: Pakistan International Bulk Terminal (PIBT) has been recognized for its commitment to environmental sustainability, receiving the National Environmental Sustainability Award at a recent conference in Karachi. The award was presented during...

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has called for the immediate repeal of Sections 37A and 37B of the Sales Tax Act, denouncing them as draconian measures that grant excessive arrest powers to tax officials. KCCI President Ja...

KARACHI: Mari Energies Ltd, a key player in Pakistan's energy sector, reported a 7% decline in net sales for the first nine months of fiscal year 2025, reaching PkR132.3 billion. The downturn is attributed to reduced production levels and decreased we...

Karachi: Descon Oxychem Limited has announced the appointment of Yasir Siddique Sheikh as its new Chief Executive Officer, marking a pivotal moment for the company in its pursuit of operational excellence and sustainable growth. Sheikh brings over 20 ...

Islamabad: inDrive, a global mobility and urban services platform, has announced a significant 57% increase in active couriers across Pakistan for the first half of 2025. The rise highlights the growing acceptance of its peer-to-peer model, which offe...

ISLAMABAD: The Bank of Punjab has announced a strategic partnership with Surfin Meta Digital Technologies Pte Ltd to explore and potentially implement advanced digital banking solutions in Pakistan. The memorandum of understanding seeks to enhance fin...