Business News

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Daraz’s 11.11 Sale Highlights Growth in Online Shopping Across Pakistan

Karachi: Daraz, Pakistan's leading e-commerce platform, concluded its 11.11 Biggest Sale of the Year on November 21, featuring significant discounts and exclusive promotions that attracted millions of customers nationwide. The event underscored the ra...

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MCB Bank Partners with BPC to Enhance Digital Security

Karachi: MCB Bank has announced a strategic collaboration with BPC, a global entity in payment solutions, to bolster the security of its digital platforms. The bank will implement the BPC SmartVista Fraud Risk Management Solution to enhance its digita...

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Meezan Bank Limited Updates Schedule of Service Charges

Karachi: Meezan Bank Limited has announced a revised schedule of service charges, effective immediately. The update includes changes to various banking services, impacting both retail and corporate customers.

According to Meezan Bank Limited, the ne...

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PPL Reports Fourth Consecutive Hydrocarbon Discovery in Sindh

Karachi: Pakistan Petroleum Limited (PPL) announced a gas and condensate discovery from its exploration well Pateji X-1 in the Shah Bandar Block, located in District Sujawal, Sindh. This marks the fourth consecutive hydrocarbon discovery for the compa...

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S.M. Tanveer Calls for 500 Basis Points Cut in Interest Rates Following CPI Decline

Lahore: S.M. Tanveer has called for a significant reduction in interest rates in response to a decrease in the Consumer Price Index (CPI) for November 2024. The Patron-in-Chief of the United Business Group (UBG) has urged the government to lower the p...

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UBG Calls for 500 Basis Points Cut in Policy Rate Amid Declining Inflation

Karachi: Declining inflation rates have prompted the United Business Group (UBG) to advocate for a substantial reduction in policy rates, a move they believe will stimulate economic growth. SM Tanveer, the patron-general of UBG, has urged the governme...

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Pakistan’s Chemical Industry Maintains Growth Despite Challenges

Lahore: The chemical industry in Pakistan, despite facing significant challenges such as global competition and insufficient government policy support, continues to grow robustly, CEO of Surfachem and Vice President of the Pakistan China Joint Chamber...

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