Business

Karachi: The latest figures from the Exchange Companies Association of Pakistan indicate a shift in currency exchange rates, reflecting ongoing economic uncertainties. According to the data released on November 5, 2025, fluctuations were recorded in s...

Karachi: The Karachi Interbank Offered Rate (KIBOR) has experienced a modest rise across all tenors, according to the latest figures released by the State Bank of Pakistan on November 5, 2025. The KIBOR rates, which serve as a benchmark for lending be...

Karachi: In a significant move to promote sustainable tourism, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), in partnership with the Islamic Chamber of Commerce and Development (ICCD) and Al Baraka Bank Pakistan, hosted a high-...

KARACHI: Federal Minister for Finance and Revenue Muhammad Aurangzeb has announced that the transition from the Final Tax Regime (FTR) to the Normal Tax Regime (NTR) will be thoroughly reviewed in the next federal budget. This review aims to support P...

Karachi: Waves Home Appliances Ltd. (WAVESAPP) presented its financial results for the fiscal year CY24 and the first nine months of CY25 during an analyst briefing, highlighting a mixed performance in revenue and earnings. The briefing outlined key f...

Karachi: Pakistan's listed banks reported a rise in profitability, recording Rs171 billion in the third quarter of 2025, reflecting an 8% increase year-on-year and a 2% rise quarter-on-quarter. The banks achieved these gains despite a decline in in...

Karachi: Aik by BankIslami is set to launch a Shariah-compliant QR payment service for local merchants as part of the Go Cashless Economy Drive initiated by Prime Minister Shehbaz Sharif and the State Bank of Pakistan. The activation campaign will tak...