Islamabad: Federal Minister for Petroleum, Ali Pervaiz Malik, met with Saudi Ambassador to Pakistan, Nawaf bin Saeed Ahmad Al-Malkiy, to explore opportunities for collaboration in the minerals and energy sectors. The meeting underscored the longstandi…
Karachi: The State Bank of Pakistan has announced the Karachi Interbank Offered Rate (KIBOR) for January 2, 2026, showing stability across various short-term tenors. The KIBOR rates, used as a benchmark for lending between banks, reveal a consistent p…
Karachi: The Exchange Companies Association of Pakistan (ECAP) released the latest closing exchange rates for major foreign currencies against the Pakistani Rupee on January 2, 2026. The rates, which are intended for informational purposes, show sligh…
Karachi: The State Bank of Pakistan released updated exchange rates indicating a slight increase in the buying and selling rates of major foreign currencies against the Pakistani Rupee. This data, compiled by the Domestic Markets and Monetary Manageme…
Karachi: Urea sales in Pakistan reached an unprecedented peak in December 2025, with figures hitting 1,356,000 tons. This marks a 65% increase from the previous month and a 37% rise compared to the same period last year. The surge is attributed to inc…
Karachi: The HBL Pakistan Manufacturing PMI, as compiled by S&P Global, rose to 52.8 in December, up from 52.3 in November. This marks the highest level since February, indicating a solid increase in production and stronger demand, with ne…
KARACHI: Businessmen Panel Progressive (BMPP) Secretary General and former Vice President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Khurram Ejaz, has voiced concerns over the Federal Board of Revenue’s (FBR) move t…
Karachi: Mian Zahid Hussain, a prominent figure in Pakistan’s business community, has underscored the significance of the Ministry of Finance’s recent “Monthly Economic Update and Outlook” for December 2025, viewing it as an indication of fiscal stabi…
Karachi: Pakistan Telecommunication Company Limited (PTCL) has announced a substantial capital injection of PKR 15 billion, approximately USD 53 million, into its subsidiary, U Microfinance Bank Limited. This move is set to bolster the bank’s growth a…
Karachi: Pakistan’s oil marketing companies reported a 6% year-on-year increase in sales for December 2025, reaching 1.35 million tons, according to recent industry data. However, sales saw a 5% month-on-month decline, attributed to a nationwide strik…