Karachi: The Karachi Interbank Offered Rate (KIBOR) has experienced a marginal increase across most tenors, reflecting a shift in the short-term lending landscape. The latest figures indicate a rise in both bid and offer rates from one-week to one-yea…
Karachi: Sales volumes for Oil Marketing Companies (OMCs) in August 2026 fell by 3% year-on-year, amounting to 1.26 million tons, while overall sales for the first two months of the fiscal year 2027 rose by 10% year-on-year. According to JS Global, th…
Karachi: Hub Power Company (HUBC) held a corporate briefing to discuss its financial results for FY26 and future strategies. The company addressed several key topics, including regulatory issues, dividend declarations, and significant new projects in …
Karachi: Pakistan’s Oil Marketing Companies (OMCs) experienced a decline in sales in August 2026, with a drop of 3% year-on-year and 16% month-on-month, totaling 1.3 million tons. Despite this, cumulative sales for the first two months of the fiscal y…
KARACHI: A $6 billion investment aimed at upgrading Pakistan’s oil refineries has been hailed as a pivotal step towards enhancing the country’s energy security and reducing its reliance on imported fuels. Mian Zahid Hussain, a prominent business leade…
Lahore: The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) has commended the success of the China-aided Pakistan Friendship Hospital in Gwadar and has proposed the establishment of similar healthcare facilities throughout Pakistan. The…