Karachi: Maple Leaf Cement Factory Ltd. (MLCF) has reported a decline in its first-quarter earnings for FY25, with consolidated earnings falling to PKR 1.3 billion, down from PKR 1.6 billion in the same period last year, a decrease of 17% year-over-ye…
Karachi: Junaid Naqi, President of the Korangi Association of Trade and Industry (KATI), has urged the State Bank of Pakistan to implement a significant reduction in interest rates ahead of the upcoming monetary policy announcement, citing the recent …
Islamabad: The Government of Pakistan has raised the sales tax rate on tractors to 14% from the previous 10%, a move that applies to both locally produced and imported tractors with engine capacities between 25kW and 75kW. This tax adjustment is aimed…
Karachi: Muhammad Jawed Bilwani, President of the Karachi Chamber of Commerce and Industry (KCCI), has made a strong appeal to the government to restore a six-day work week for federal and provincial government bodies to stimulate economic growth and …
Islamabad: InDrive, a global ride-hailing service, in partnership with EZ Bike, has launched Pakistan’s first fleet of electric vehicles (EVs) as part of a pilot project aimed at enhancing eco-friendly transportation options. The initiative includes t…
Karachi: Recent data from the Exchange Companies Association of Pakistan reveals minor fluctuations in the buying and selling rates of major currencies over the course of two days. These changes reflect ongoing adjustments in the foreign exchange mark…