Karachi: Pakistan’s banking sector has experienced a notable increase in profitability, with a 4 percent year-on-year rise to PKR 483 billion in calendar year 2025, driven by significant deposit growth and an expanding asset base. The growth in profit…
KARACHI: The Sindh Government’s decision to reduce the Infrastructure Development Cess (IDC) has been met with approval from the Karachi Chamber of Commerce and Industry (KCCI), which lauded the move as a significant relief for the business community…
Karachi: Currency exchange rates in Pakistan saw slight fluctuations, with the US dollar, euro, and British pound experiencing minor changes against the local currency. The interbank rate for the US dollar also showed a slight variation, reflecting on…
KARACHI: The Korangi Association of Trade and Industry (KATI) President, Muhammad Ikram Rajput, has endorsed the Sindh cabinet’s approval of the Sindh Electric Power Regulatory Authority (SEPRA). He highlighted the potential for SEPRA to enhance the p…
KARACHI: Mian Zahid Hussain, representing several prominent business organizations, stated today that the domestic economy is showing signs of recovery, but cautioned that the ongoing International Monetary Fund (IMF) review mission must avoid imposin…
KARACHI: Saquib Fayyaz Magoon, the Senior Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Chairman of BMP-Progressive (BMPP), has voiced significant concerns over proposed amendments to the Trade Organizatio…