Business News

ISLAMABAD: Pakistan is poised to receive up to $40 billion in financing from the World Bank over the next 10 years under a new Country Partnership Framework (CPF). This initiative aims to foster sustainable economic growth and development through long...

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Karachi: Engro Polymer and Chemicals (EPCL), a subsidiary of Engro Corporation, has launched a Rs 11.7 billion hydrogen peroxide plant, marking a significant milestone in its investment efforts to bolster Pakistan's economic growth. The project, suppo...

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Karachi: Engro Fertilizers Ltd. (EFERT) recently reported its financial results for the year CY24, showing a robust earnings growth of 8% year-on-year, with total earnings reaching Rs28 billion. The company also announced a cash dividend of Rs8 per sh...

The post EFERT Announces Strong Financial Results Amid Market Challenges appeared first on Pakistan Business News.

Karachi: The Exchange Companies Association of Pakistan (ECAP) has released the latest open market closing exchange rates, revealing shifts in the buying and selling prices of major currencies as of February 17, 2025. The report highlights the U.S. do...

The post Dollar Reaches 280.98 as Exchange Rates Fluctuate in Pakistan appeared first on Pakistan Business News.

Karachi: The State Bank of Pakistan has released the latest Karachi Interbank Offered Rate (KIBOR) for tenors ranging from one week to one year. The rates indicate a slight fluctuation across the different tenors, with the one-week bid rate at 11.95 a...

The post Karachi: KIBOR Rates Announced by State Bank of Pakistan appeared first on Pakistan Business News.

Karachi: The State Bank of Pakistan has released the latest weighted average customer exchange rates for a range of currencies, reflecting current market conditions. The rates, effective February 17, 2025, indicate the buying and selling prices for cu...

The post State Bank of Pakistan Releases New Exchange Rates for Major Currencies appeared first on Pakistan Business News.

Karachi: Gold prices in Pakistan have increased significantly, with domestic rates mirroring the rise in international markets. The price of gold per tola reached Rs. 303,200, marking an increase of Rs. 1,700, while the price for 10 grams of 24 Kt gol...

The post Gold Prices Surge in Pakistan as International Market Influences Rates appeared first on Pakistan Business News.