Business

Karachi: The State Bank of Pakistan (SBP) maintained its policy rate at 11.0%, citing an improved economic outlook and the ongoing effects of previous rate reductions. The decision was announced today during a post-monetary policy statement briefing b...

Karachi: Local mobile phone manufacturing in Pakistan saw a substantial increase in September 2025, with a 55% month-on-month rise in production, according to the Pakistan Telecommunication Authority. The number of mobile units manufactured or assembl...

Karachi: The SITE Association of Industries (SAI) has issued a strong critique of Pakistan's telecom operators and internet service providers, citing persistent network problems that they argue are hindering business activities. Industrialists from...

KARACHI: Pakistan has made a significant impact at the Beautyworld Middle East 2025, showcasing 40 exhibitors at the World Trade Center in Dubai, and marking a milestone in the country's beauty industry. With over 75,000 visitors and 2,500 exhibitor...

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has assigned a preliminary debt instrument rating to Nishat Mills Limited (NML) for its PKR 7 billion privately placed term sukuk (PPSTS). NML, a major player in Pakistan's textile sector and t...

Islamabad: Fauji Cement Company Limited (FCCL) reported a 2% increase in earnings for the first quarter of fiscal year 2026, but the results fell short of expectations due to declining gross margins. The company announced earnings of Rs3.29 billion, t...

KARACHI: The State Bank of Pakistan's recent decision to maintain the policy interest rate at 11 percent has drawn criticism from Muhammad Ikram Rajput, President of the Korangi Association of Trade and Industry (KATI). The rate, unchanged for the fou...