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Karachi: Gold prices in Pakistan have increased significantly, with domestic rates mirroring the rise in international markets. The price of gold per tola reached Rs. 303,200, marking an increase of Rs. 1,700, while the price for 10 grams of 24 Kt gol...

The post Gold Prices Surge in Pakistan as International Market Influences Rates appeared first on Pakistan Business News.

Karachi: The State Bank of Pakistan has released the latest Karachi Interbank Offered Rate (KIBOR) for tenors ranging from one week to one year. The rates indicate a slight fluctuation across the different tenors, with the one-week bid rate at 11.95 a...

The post Karachi: KIBOR Rates Announced by State Bank of Pakistan 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.

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: Fertilizer sales in Pakistan experienced significant declines in January 2024, primarily due to advance procurement by farmers in the previous month. Urea sales fell 27% year-on-year to 446,000 tons, marking a considerable drop attributed to ...

The post Pakistan Fertilizer Sales Witness Notable Declines Amid Advance Purchases appeared first on Pakistan Business News.

Karachi: Barkat Frisian Agro is set to initiate its initial public offering (IPO) with a book building phase starting on February 17, targeting high net worth individuals and institutional investors. The phase will last until February 18, allowing the...

The post Barkat Frisian Agro to Launch IPO with Book Building Phase appeared first on Pakistan Business News.

Karachi: The Union of Small and Medium Enterprises (UNISAME) has expressed appreciation for Prime Minister Shehbaz Sharif's focus on reforms across various sectors, including those aimed at improving conditions for small and medium enterprises (SMEs)....

The post UNISAME Urges Swift Action on SME Reforms Under Prime Minister’s Supervision appeared first on Pakistan Business News.