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: Fertilizer sales in Pakistan experienced significant declines in January 2024, primarily due to advance procurement by farmers in the previous month. Urea sales fell 27% year-on-year to 446,000 tons, marking a considerable drop attributed to ...

The post Pakistan Fertilizer Sales Witness Notable Declines Amid Advance Purchases 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: The State Bank of Pakistan has reported its latest overnight repo and reverse repo transactions, with financial institutions engaging in significant short-term borrowing and lending activities. On February 17, 2025, two institutions accessed ...

The post State Bank of Pakistan Reports Overnight Repo Transactions appeared first on Pakistan Business News.

Karachi: Authorized dealers in foreign exchange have released the latest exchange rates for mark to market revaluation, with notable changes observed across multiple currencies. The rates are crucial for financial institutions and traders who rely on ...

The post Foreign Exchange Rates Updated for Mark to Market Revaluation appeared first on Pakistan Business News.

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 Union of Small and Medium Enterprises (UNISAME) has expressed appreciation for Prime Minister Shehbaz Sharif's focus on reforms across various sectors, including those aimed at improving conditions for small and medium enterprises (SMEs)....

The post UNISAME Urges Swift Action on SME Reforms Under Prime Minister’s Supervision appeared first on Pakistan Business News.