Karachi: Salim Valimuhammad, Chairman of the Pakistan Chemicals and Dyes Merchants Association (PCDMA), has raised concerns over significant misuse of the Export Facilitation Scheme (EFS), which has reportedly caused a loss of Rs. 25 billion to the na…
KARACHI: The United Business Group (UBG) has voiced concerns over the recent increase in fuel prices, warning of potential adverse effects on Pakistan’s economy. Petrol prices have surged by Rs. 8.36 per liter, while diesel has seen an increase of Rs….
Karachi: The chairman of the Exchange Companies Association of Pakistan (ECAP), Malik Muhammad Bostan, has commended the government’s decision to incorporate exchange companies into the Pakistan Remittance Initiative (PRI), predicting substantial econ…
ISLAMABAD: The Bank of Punjab has announced a strategic partnership with Surfin Meta Digital Technologies Pte Ltd to explore and potentially implement advanced digital banking solutions in Pakistan. The memorandum of understanding seeks to enhance fin…
KARACHI: Mari Energies Ltd, a key player in Pakistan’s energy sector, reported a 7% decline in net sales for the first nine months of fiscal year 2025, reaching PkR132.3 billion. The downturn is attributed to reduced production levels and decreased we…
Karachi: The KSE-100 Index has outshone other asset classes for the second consecutive year, posting a 60.1% return in fiscal year 2025. This achievement is largely attributed to aggressive monetary easing, a strict fiscal policy, and a robust externa…