Business News

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,...

Karachi: The Pakistan Credit Rating Agency (PACRA) has announced the maintenance of the broker fiduciary rating (BFR) for Ismail Iqbal Securities (Pvt.) Limited (IISPL) at BFR 3+ with a stable outlook. This decision reflects the company's strong posit...

Karachi: The Karachi Interbank Offered Rate (KIBOR) showed slight variations across different tenors, according to data released by the State Bank of Pakistan. The latest figures indicate minor adjustments in both bid and offer rates for various time ...

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: A significant meeting convened between a delegation from the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and U.S. government trade agencies. Key figures from FPCCI, including Zubair Tufail and Samina Fazil, engaged in tal...

Karachi: Cement dispatches in April 2025 saw a significant increase, with total volumes reaching 3.3 million tons, marking a 13% year-on-year rise. The growth was driven by an 8% increase in local dispatches and a substantial 35% jump in exports. The ...

Karachi: The government of Pakistan has provisionally allocated 13 new onshore exploration blocks as part of the Directorate General of Petroleum Concessions (DGPC) Bid Round 2025. This move is expected to revitalize the exploration and production (E ...