Business News

Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has raised alarms over a nationwide transport strike that has persisted for ten days. Atif Ikram Sheikh, the FPCCI President, has urged both transporters and the Punjab Gove...

KARACHI: The SITE Association of Industry has voiced its dissatisfaction with the State Bank of Pakistan's recent policy decision to cut the interest rate by only 50 basis points. Ahmed Azeem Alvi, the association's president, argued that the modest r...

Karachi: Systems Limited (SYS) has announced the acquisition of Confiz Limited, marking a significant expansion in its capabilities and market reach. The acquisition, conducted through a 100% share swap, is expected to enhance Systems Limited's revenu...

Karachi: The State Bank of Pakistan (SBP) has reduced its policy rate by 50 basis points to 10.50%, surprising many who anticipated rates would remain unchanged. This decision, announced by the Monetary Policy Committee (MPC), reflects optimism about ...

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has criticized the State Bank of Pakistan's decision to reduce the policy interest rate by 0.5 percent, arguing that the minor adjustment fails to address the pressing economic challenges ...

Karachi: System Limited (SYS) conducted its corporate briefing today to discuss the third quarter results for the calendar year 2025 and its future outlook. The company reported a notable increase in earnings per share (EPS) of Rs1.90, marking a 46% i...

Karachi: The Exchange Companies Association of Pakistan (ECAP) released its open market closing exchange rates for December 15, 2025, revealing mixed performance of the Pakistani rupee against major global currencies. According to the data from the ...