Business News

Karachi: JS Investments Limited, in collaboration with Gohar Group of Companies, has announced the launch of Pakistan's first Shariah-compliant hotel real estate investment trust (REIT) in Hyderabad, Sindh. The JS Hotel REIT (JSHR) is a hybrid model f...

Karachi: The Pakistan Credit Rating Agency (PACRA) has upheld the debt instrument rating of Samba Bank Limited, supported by its parent company, Saudi National Bank, the largest commercial bank in Saudi Arabia. Despite a decline in profit after tax an...

Karachi: The State Bank of Pakistan (SBP) announced adjustments in its overnight repo and reverse repo facilities on May 21, 2025, according to a recent press release from the central bank. The SBP reported activity involving one institution for each ...

Karachi: The cement sector in Pakistan experienced a substantial increase in earnings during the third quarter of fiscal year 2025, according to a recent analysis of eight key companies. Earnings surged by 2.3 times year-on-year, primarily driven by a...

Karachi: Sheikh Umar Rehan, the Chairman of the Pakistan Vanaspati Manufacturers Association (PVMA), has called on the federal government to abolish Section 8B of the Sales Tax Act for the ghee and cooking oil industry in the upcoming budget. He addre...

Karachi: The State Bank of Pakistan announced a new floor limit for institutional investments, setting the amount at 60,000 for one institution, effective from May 20, 2025. This adjustment aims to regulate the flow of investments within the banking s...

Karachi: Standard Chartered has announced in its latest report that global Islamic finance assets are anticipated to exceed $7.5 trillion by 2028. This projection marks a significant growth of 36% over the next four years, as the sector undergoes expa...