Business News

Karachi: The latest data from the State Bank of Pakistan indicates a slight decrease in the Karachi Interbank Offered Rate (KIBOR) across most tenors as of June 30, 2025. This movement in rates reflects subtle shifts in the interbank lending environme...

Lahore: The Pakistan Stock Exchange (PSX) hosted a gong ceremony in Lahore to celebrate the listing of the Pakistan Credit Rating Agency Limited (PACRA) on its Growth Enterprise Market (GEM) Board. This event marks a significant milestone for PACRA, e...

Karachi: Junaid Naqi, President of the Korangi Association of Trade and Industry (KATI), has voiced strong opposition to the federal government's recent decision to increase gas prices for the industrial sector, bulk consumers, and the power sector, e...

KARACHI: The Pakistan Credit Rating Agency Limited (PACRA) has assigned robust initial ratings to Engro Fertilizers Limited (EFert) for its privately placed short-term sukuk worth PKR 20 billion. The agency has conferred a long-term rating of 'AA' and...

Karachi: Federal Minister for Petroleum, Mr. Ali Pervaiz Malik, visited Pakistan State Oil (PSO) House to engage with key stakeholders in the energy sector. During the visit, Mr. Malik held high-level meetings aimed at strengthening coordination and e...

Karachi: Gadoon Textile Mills Limited (GADT) has reported a significant increase in earnings for the first nine months of fiscal year 2025, according to the company's latest corporate briefing. The company has attributed this growth to improved gross ...

Karachi: The Federal Minister for Petroleum, Ali Pervaiz Malik, visited the head office of Pakistan Petroleum Limited (PPL) in Karachi, marking his first official visit to the company since taking office. Accompanied by Additional Secretary (Policy) o...