Business

KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) has called on Prime Minister Muhammad Shehbaz Sharif to expedite the release of a long-awaited Rs23 billion subsidy for incremental electricity consumption. Despite being allocated in previous...

Karachi: The food sector in Pakistan showed modest growth for the first quarter of 2025, with an increase in sales revenue and improved margins, according to a recent analysis. However, the sector continues to lag behind the broader KSE100 Index, desp...

KARACHI: Salim Valimuhammad, the Chairman of the Pakistan Chemicals & Dyes Merchants Association (PCDMA), has voiced significant concerns regarding the misuse of the Export Facilitation Scheme (EFS), cautioning that the existing system loopholes threa...

Karachi: Adamjee Life Assurance Company Ltd (ALIFE) reported a 71% increase in earnings for the calendar year 2024, reaching PkR1.6 billion compared to the previous year's PkR0.9 billion. This rise was mirrored by a jump in earnings per share from PkR...

Karachi: The Government of Pakistan, in collaboration with Meezan Bank and the Pakistan Stock Exchange, has introduced its inaugural sovereign Green Sukuk. This marks a significant step forward in sustainable and Shariah-compliant public financing. ...

Kuala Lumpur: The Bank of Azad Jammu and Kashmir has entered into a strategic partnership with Silver Lake Axes, a leading Malaysian company, to advance its digitalization efforts. The collaboration was formalized through a Memorandum of Understanding...

Lahore: Pak Elektron Limited (PAEL) has announced ambitious targets for financial growth, aiming for a gross revenue of approximately Rs95 billion by the calendar year 2025. This represents an expected increase of 36% year-over-year, driven chiefly by...