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...

Islamabad: Finance Minister Muhammad Aurangzeb has reaffirmed the government's commitment to fostering a supportive business environment for both domestic and foreign investors. He conveyed this during a meeting with a high-level delegation from the U...

Karachi: Faisal Moiz Khan, President of the North Karachi Association of Trade and Industry (NKATI), has voiced strong opposition to the newly issued Tax Laws (Amendment) Ordinance 2025. He criticized the ordinance for being enacted without stakeholde...

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...