Business News

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: The Exchange Companies Association of Pakistan released the latest currency exchange rates, indicating stability in the financial market. The rates, reflecting transactions from May 21, 2025, were disseminated through their official communica...

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...

Karachi: TCL has announced a new partnership with AlfaMall to offer 0% markup installment plans for its range of televisions and air conditioners. This initiative allows customers to purchase Smart TVs, 4K UHD TVs, QLED TVs, Mini LED displays, and ene...

Karachi: Bank Al Habib Limited has announced a new promotional offer, "Midweek Makeovers," available exclusively to its customers using AL Habib VISA debit cards. This offer provides cardholders with the opportunity to enjoy discounts on transactions,...