Business

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.

Karachi: The State Bank of Pakistan has released the latest weighted average customer exchange rates for a range of currencies, reflecting current market conditions. The rates, effective February 17, 2025, indicate the buying and selling prices for cu...

The post State Bank of Pakistan Releases New Exchange Rates for Major Currencies appeared first on Pakistan Business News.

Karachi: The State Bank of Pakistan has reported its latest overnight repo and reverse repo transactions, with financial institutions engaging in significant short-term borrowing and lending activities. On February 17, 2025, two institutions accessed ...

The post State Bank of Pakistan Reports Overnight Repo Transactions 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.

ISLAMABAD: Pakistan is poised to receive up to $40 billion in financing from the World Bank over the next 10 years under a new Country Partnership Framework (CPF). This initiative aims to foster sustainable economic growth and development through long...

The post Pakistan Secures $40 Billion in World Bank Financing for Long-Term Development appeared first on Pakistan Business News.

Karachi: The Exchange Companies Association of Pakistan has released the latest currency exchange rates for February 17, 2025. The rates reflect the buying and selling prices of various foreign currencies in the interbank market.

According to a stat...

The post Currency Exchange Rates Announced by Pakistan’s Exchange Association appeared first on Pakistan Business News.

Karachi: Engro Fertilizers Ltd. (EFERT) recently reported its financial results for the year CY24, showing a robust earnings growth of 8% year-on-year, with total earnings reaching Rs28 billion. The company also announced a cash dividend of Rs8 per sh...

The post EFERT Announces Strong Financial Results Amid Market Challenges appeared first on Pakistan Business News.