Business News

Islamabad: The State Bank of Pakistan released the latest weighted average customer exchange rates, indicating slight fluctuations across major currencies in the country. According to the central bank's Domestic Markets and Monetary Management Departm...

Karachi: Liberty Power Tech Limited, a key player in Pakistan's energy sector, is adapting to recent power sector reforms while maintaining its financial stability. The company, which operates a 200 MW Residual Fuel Oil-based power plant, recently ame...

DUBAI: The Emirates Group has reported a record-breaking financial performance for the first half of the 2025-26 fiscal year, with a profit before tax of AED 12.2 billion (US$ 3.3 billion), marking the fourth consecutive year of record profitability. ...

Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has awarded the Faysal Islamic Asset Allocation Fund (FIAAF) a prestigious 5-Star ranking, recognizing its superior risk-adjusted returns despite a challenging market environment. The FIAAF ad...

Karachi: Malik Muhammad Bostan, Chairman of the Exchange Companies Association of Pakistan, has thrown his support behind a reform initiative led by Federal Minister for Finance and Revenue Senator Mohammad Aurangzeb. Bostan emphasized the importance ...

DUBAI: The Emirates Group has reported a record-breaking half-year financial performance, achieving a profit before tax of AED 12.2 billion (US$ 3.3 billion) for the first six months of the 2025-26 financial year. This marks the fourth consecutive yea...

Karachi: Mr. Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has reiterated the organization's commitment to sustainable economic growth by participating in a significant meeting on national water ...