Karachi: Systems Limited (SYS), in a decisive move to enhance its global presence, announced the acquisition of British American Tobacco SAA Services (Private) Limited from British American Tobacco International Holdings (UK) Limited. The acquisition,...
Read More »High Interest Rate Sparks Concern Amid Declining Inflation
KARACHI: The President of the SITE Association of Industry, Ahmed Azeem Alvi, has voiced significant concern regarding the State Bank of Pakistan's decision to maintain the policy rate at 11%. According to a statement from Mr. Alvi, the central bank's...
Read More »Engro Fertilizers Posts Significant Profit Growth Amid Rising Sales and Margins
Karachi: Engro Fertilizers Limited (EFERT) has reported a substantial increase in profitability for the second quarter of the calendar year 2025, driven by robust sales and improved margins. The company announced consolidated earnings of PKR 5.6 billi...
Read More »Pakistan’s Business Leaders Express Disappointment Over Unchanged Policy Rate
Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) expressed dissatisfaction with the State Bank of Pakistan's decision to maintain the current policy rate, a move seen as misaligned with the country's economic needs. Ati...
Read More »State Bank’s Interest Rate Decision Sparks Concern Among Business Leaders
Karachi: Faisal Moiz Khan, President of the North Karachi Association of Trade and Industry (NKATI), has expressed concern over the State Bank of Pakistan's decision to maintain the interest rate at 11%, stating that it contradicts Prime Minister Mian...
Read More »Pakistan Reiterates Support for Independent Palestinian State
New York: Pakistan has reiterated its steadfast support for the establishment of an independent Palestinian state. Deputy Prime Minister and Minister of Foreign Affairs of Pakistan, Ishaq Dar, underscored his country's unwavering commitment to support...
Read More »Olympic Star Seriously Hurt in Climbing Accident
Karakoram: Olympic gold medallist Laura Dahlmeier has been seriously injured following a climbing accident in the Karakoram mountains. The mishap unfolded on Monday when the 31-year-old athlete was caught in a rockfall, resulting in significant injuri...
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