Business News

Karachi: In a recent update from the State Bank of Pakistan, new financial ceilings and floors have been established for lending and borrowing among the country's financial institutions. These changes are slated to take effect on July 3, 2025. The u...

Karachi: Cement demand in Pakistan is set to increase in the fiscal year 2026, spurred by a government push in public sector development programs and a revival in the construction industry, according to a report by AKD Securities Limited. This follows...

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: The chairman of the Exchange Companies Association of Pakistan (ECAP), Malik Muhammad Bostan, has commended the government's decision to incorporate exchange companies into the Pakistan Remittance Initiative (PRI), predicting substantial econ...

Islamabad: Mr. Sami Wahid has been appointed as the General Manager for the Pakistan and Afghanistan Region of the Eurasia and Middle East Operation Unit at The Coca-Cola Company. With nearly 20 years of experience in marketing, sales, strategy, and m...

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 ...