Business News

Karachi: Hub Power Company Ltd (HUBC) and Nishat Power Limited (NPL) have released their earnings previews for the second quarter of fiscal year 2025, revealing contrasting financial performances. HUBC reported a decrease in net profits, while NPL saw...

Karachi: The Prime Minister's upcoming visit to Baku, Azerbaijan, is anticipated to enhance the relationship between the two nations, both members of the Organization of Islamic Cooperation and the Economic Cooperation Organization. According to a ...

Karachi: VIS Credit Rating Company Limited (VIS) has announced an upgrade in the entity ratings of Kausar Ghee Mills (Pvt.) Limited, elevating its status from A-/A2 to 'A/A1'. This reflects a strong financial standing with the medium to long-term rati...

Karachi: MCB Bank, during its recent Corporate Briefing Session, announced its strategy to focus on increasing current account deposits in response to a significant 1,000 basis points decline in interest rates. The bank is also reallocating its invest...

KARACHI: Pak-Qatar Family Takaful Limited (PQFTL) introduced a pioneering lifetime guaranteed pension plan named the "Lifetime Kafalat Plan", marking a significant milestone in Pakistan's financial services sector. The launch event, held in Karachi, w...

Karachi: Currency exchange rates exhibited minor fluctuations across various markets, as detailed in a recent report from the Exchange Companies Association of Pakistan. The report indicates changes in the buying and selling rates for several major cu...

Karachi: Gold prices in Pakistan experienced a significant rise, reflecting a parallel increase in international markets. The cost of gold per tola of 24 karat reached Rs. 309,500, marking an increase of Rs. 1,500 from previous rates. According to a...