Business

Islamabad: Pakistan and the International Monetary Fund have reached a staff level agreement for the second review under the Extended Fund Facility, alongside the first review of the Resilience and Sustainability Facility. The agreement, finalized on ...

Lahore: Sazgar Engineering Works Limited (SAZEW) reported a robust financial performance for the first quarter of fiscal year 2026, surpassing industry expectations. The company announced a profit of Rs4.4 billion, translating to earnings per share (E...

Karachi: Baluchistan Glass Ltd. (BGL) announced an increased loss for the fiscal year 2025, with the company citing prolonged production shutdowns, rising raw material and energy costs, and higher financing expenses as key factors impacting its financ...

KARACHI: The State Bank of Pakistan has released the latest Karachi Interbank Offered Rates (KIBOR), providing insights into the cost of borrowing for various tenors as of October 15, 2025. The rates show a slight variance across different timeframes,...

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the stability rating of the ABL Income Fund, acknowledging its medium-risk profile and strategic allocation that aims to deliver competitive risk-adjusted returns. The Fund's app...

KARACHI: President of the Korangi Association of Trade and Industry (KATI), Muhammad Ikram Rajput, asserted that under the leadership of Army Chief Field Marshal Asim Munir, the Pakistan Armed Forces have significantly advanced the nation's defense ca...

Lahore: Tariq Glass Ltd. (TGL) presented its fiscal year 2025 results during an analyst briefing, revealing notable growth in sales and earnings, alongside a strategic outlook for continued improvement. The company highlighted a 13% increase in toplin...