Business

Karachi: Salim Valimuhammad, Chairman of the Pakistan Chemicals and Dyes Merchants Association (PCDMA), has raised concerns over significant misuse of the Export Facilitation Scheme (EFS), which has reportedly caused a loss of Rs. 25 billion to the na...

KARACHI: Mari Energies Ltd, a key player in Pakistan's energy sector, reported a 7% decline in net sales for the first nine months of fiscal year 2025, reaching PkR132.3 billion. The downturn is attributed to reduced production levels and decreased we...

Karachi: Descon Oxychem Limited has announced the appointment of Yasir Siddique Sheikh as its new Chief Executive Officer, marking a pivotal moment for the company in its pursuit of operational excellence and sustainable growth. Sheikh brings over 20 ...

Islamabad: inDrive, a global mobility and urban services platform, has announced a significant 57% increase in active couriers across Pakistan for the first half of 2025. The rise highlights the growing acceptance of its peer-to-peer model, which offe...

Karachi: The latest data from the State Bank of Pakistan indicates a slight decrease in the Karachi Interbank Offered Rate (KIBOR) across most tenors as of June 30, 2025. This movement in rates reflects subtle shifts in the interbank lending environme...

Lahore: The Pakistan Stock Exchange (PSX) hosted a gong ceremony in Lahore to celebrate the listing of the Pakistan Credit Rating Agency Limited (PACRA) on its Growth Enterprise Market (GEM) Board. This event marks a significant milestone for PACRA, e...

Karachi: Junaid Naqi, President of the Korangi Association of Trade and Industry (KATI), has voiced strong opposition to the federal government's recent decision to increase gas prices for the industrial sector, bulk consumers, and the power sector, e...