Business

Karachi: The State Bank of Pakistan's recent decision to reduce the interest rate by one percent has been met with cautious approval from Rafiq Suleman, a prominent figure in the business community. Suleman, former Chairman of the Rice Exporters Assoc...

Karachi: Cement dispatches in Pakistan rose significantly in April 2025, reaching a total of 3.34 million tons, marking a 13% increase compared to the same month last year. This growth was propelled by an 8% rise in local offtakes and a notable 35% su...

KARACHI: The Exchange Companies Association of Pakistan released the latest foreign currency exchange rates, indicating slight fluctuations across several currencies compared to previous figures. The US dollar is now trading between 281.46 and 282....

Karachi: The State Bank of Pakistan has disclosed updated financial figures relating to the ceiling and floor limits for May 5, 2025, according to a recent press release. The data indicates that the ceiling amount set by the bank stands at 63,800, w...

Karachi: In a notable development for the oil market, the Oil Marketing Companies (OMCs) have reported a significant increase in sales, with volumes reaching 1.5 million tons in April 2025, marking a 32% year-on-year and 20% month-on-month increase. T...

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has affirmed the entity ratings of Aslam Energy (Pvt.) Limited, highlighting the company's strong business profile and its affiliation with Flow Petroleum (Pvt.) Limited. The ratings reflect As...

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Mobilink Microfinance Bank Limited (MMBL) at 'A/A1', indicating good credit quality and a strong likelihood of timely repayment of short-term obligations. The outlook for ...