Business

Islamabad: The Pakistan Bureau of Statistics (PBS) has reported a 3.7% year-on-year decrease in Large Scale Manufacturing (LSM) for December 2024, marking the third consecutive year of negative growth in the first half of the fiscal year.

According...

The post Pakistan’s Manufacturing Sector Faces Continued Decline appeared first on Pakistan Business News.

Karachi: The Chairman of the All Pakistan Motorcycle Spare Parts Importers and Dealers Association (AP MASPDA), Sohail Osman, voiced his concerns regarding the federal government's decision to conduct new elections for trade bodies in 2025.

Accordi...

The post Trade Bodies Protest Government Decision to Hold Early Elections appeared first on Pakistan Business News.

Karachi: The State Bank of Pakistan has released the latest Karachi Interbank Offered Rate (KIBOR) for tenors ranging from one week to one year. The rates indicate a slight fluctuation across the different tenors, with the one-week bid rate at 11.95 a...

The post Karachi: KIBOR Rates Announced by State Bank of Pakistan appeared first on Pakistan Business News.

Karachi: Authorized dealers in foreign exchange have released the latest exchange rates for mark to market revaluation, with notable changes observed across multiple currencies. The rates are crucial for financial institutions and traders who rely on ...

The post Foreign Exchange Rates Updated for Mark to Market Revaluation appeared first on Pakistan Business News.

Karachi: Gold prices in Pakistan have increased significantly, with domestic rates mirroring the rise in international markets. The price of gold per tola reached Rs. 303,200, marking an increase of Rs. 1,700, while the price for 10 grams of 24 Kt gol...

The post Gold Prices Surge in Pakistan as International Market Influences Rates appeared first on Pakistan Business News.

Karachi: The Exchange Companies Association of Pakistan (ECAP) has released the latest open market closing exchange rates, revealing shifts in the buying and selling prices of major currencies as of February 17, 2025. The report highlights the U.S. do...

The post Dollar Reaches 280.98 as Exchange Rates Fluctuate in Pakistan appeared first on Pakistan Business News.

HUB, Pakistan: The industrial sector in Hub, a pivotal manufacturing area, has announced an emergency strike scheduled for February 20, 2025, in response to persistent water shortages. The decision follows repeated, yet unresolved complaints to local ...

The post Hub Industrial Sector Plans Emergency Strike Over Water Shortage appeared first on Pakistan Business News.