Business News

KARACHI: Federal Minister for Finance and Revenue Muhammad Aurangzeb has announced that the transition from the Final Tax Regime (FTR) to the Normal Tax Regime (NTR) will be thoroughly reviewed in the next federal budget. This review aims to support P...

Karachi: The Karachi Interbank Offered Rate (KIBOR) has experienced a modest rise across all tenors, according to the latest figures released by the State Bank of Pakistan on November 5, 2025. The KIBOR rates, which serve as a benchmark for lending be...

Karachi: The latest figures from the Exchange Companies Association of Pakistan indicate a shift in currency exchange rates, reflecting ongoing economic uncertainties. According to the data released on November 5, 2025, fluctuations were recorded in s...

Karachi: In a significant move to promote sustainable tourism, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), in partnership with the Islamic Chamber of Commerce and Development (ICCD) and Al Baraka Bank Pakistan, hosted a high-...

Karachi: Pakistan's listed banks reported a rise in profitability, recording Rs171 billion in the third quarter of 2025, reflecting an 8% increase year-on-year and a 2% rise quarter-on-quarter. The banks achieved these gains despite a decline in in...

Karachi: The Oil and Gas Development Company (OGDC) presented its first-quarter financial results for fiscal year 2026 in a briefing that revealed a strategic shift towards higher-risk exploration areas and significant improvements in financial collec...

Karachi: Cherat Cement Company Ltd. (CHCC) announced record annual earnings for fiscal year 2025, reaching PkR8.7 billion, marking a 58% increase from the previous year's PkR5.5 billion, according to an analyst briefing by AKD Securities Limited. This...