Business News

Karachi: Amid expectations of significant monetary easing, Pakistan's financial markets are bracing for a potentially substantial policy rate cut in the upcoming Monetary Policy Statement (MPS) in November. Market surveys and high-net-worth client fee...

The post Substantial Policy Rate Cut Anticipated in Pakistan’s Upcoming Monetary Policy Statement appeared first on Pakistan Business News.

Islamabad: Pakistan has recorded its first quarterly budget surplus in 20 years, with a total of PkR1.7 trillion during the first quarter of fiscal year 2025. This marks a significant financial milestone, contrasting sharply with a deficit of PkR980 b...

The post Pakistan Marks Historic Budget Surplus, First in Two Decades appeared first on Pakistan Business News.

Karachi: Pakistan’s High Commissioner to the Maldives, Faisal Rasul Lodhi, emphasized the need for expanding trade between Pakistan and the Maldives, currently valued at around $8 to $9 million, by tapping into new business opportunities and fostering ...

The post Pakistan, Maldives Urged to Boost Low Trade Volume Amid Strategic Opportunities appeared first on Pakistan Business News.

Lahore: The Lahore Chamber of Commerce and Industry (LCCI) and the Punjab Information Technology Board (PITB) have entered into a Memorandum of Understanding (MoU) to launch an advanced job-matching and recruitment platform. This initiative, hosted at ...

The post LCCI and PITB Launch Job Portal to Enhance Employment Opportunities in Punjab appeared first on Pakistan Business News.

Karachi: Malik Khuda Bakhsh, a core committee member of the United Business Group (UBG) and convener of the FPCCI Central Standing Committee, has appealed to Pakistan’s top leadership, including the Prime Minister, the Finance Minister, and the Governo...

The post Business Leader Malik Khuda Bakhsh Calls for 4-5% Interest Rate Cut to Boost Trade appeared first on Pakistan Business News.

Islamabad: Fauji Fertilizer Company Ltd. (FFC) has reported a significant 80% year-over-year increase in standalone profit for the third quarter of 2024, with earnings reaching PkR16.5 billion compared to PkR9.1 billion in the same period last year. D...

The post Fauji Fertilizer Reports Substantial Profit Increase in Third Quarter, Defers Dividend Amid Merger appeared first on Pakistan Business News.

Islamabad: The Hub Power Company Ltd (HUBC) and Nishat Power Limited (NPL) have reported their financial results for the first quarter of FY25, with mixed performances attributed to various operational and market dynamics. HUBC saw a slight year-over-...

The post HUBC and NPL Report Mixed Results for First Quarter FY25 Amid Market Shifts appeared first on Pakistan Business News.