Business

Karachi: The Exchange Companies Association of Pakistan released new data showing fluctuations in currency exchange rates, underscoring the dynamic nature of the foreign exchange market. The U.S. dollar's buying rate was recorded at 281.81 with a sell...

Karachi: The Korangi Association of Trade and Industry (KATI) President, Mohammad Ikram Rajput, has raised serious concerns over the increasing incidents of extortion targeting traders and industrialists in Karachi. Rajput called on the Sindh governme...

Karachi: Searle Company Ltd (SEARL) has announced its fourth-quarter financial results for fiscal year 2025, recording an unconsolidated profit of Rs165 million with earnings per share (EPS) of Rs0.32. This marks a recovery from a significant loss of ...

Karachi: Pakistan is grappling with a significant fiscal challenge as the Federal Board of Revenue (FBR) reported a substantial revenue shortfall of approximately Rs 198 billion in the first quarter of the fiscal year 2026. Mian Zahid Hussain, a promi...

Karachi: Pakistan's listed consumer sector is currently trading at a price-to-earnings (PE) ratio of 15.3 times its projected earnings for the fiscal year 2025, according to a recent report by JS Global. This figure represents a notable discount compa...

Karachi: Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Muhammad Aman Pracha, has expressed optimism about the outcomes of recent high-level meetings between the leadership of Pakistan and Malaysia. He describe...

Karachi: The Pakistan Stock Exchange (PSX) witnessed a decline in its major indices on the latest trading day, with both the KSE30 and KSE100 indices closing lower. The KSE100 index fell by 1,237.65 points, or 0.73%, to settle at 167,752.41, while the...