Karachi, The ongoing visit of a Saudi delegation led by Foreign Minister Faisal Bin Farhan Al Saud to Pakistan is expected to significantly stimulate Pakistan’s economy and attract further foreign investments. Organized by the United Business Group (UB…

Karachi, Iftikhar Ali Malik, the Founder Chairman of United Business Group and former President of SAARC Chamber of Commerce, highlighted the crucial role of Pakistan’s business community in national economic efforts and criticized past policies for ha…

Lahore, VIS Credit Rating Company Limited (VIS) has reaffirmed the ‘AAA/A-1+’ credit rating for Pakistan Mortgage Refinance Company Limited (PMRC), indicating a stable outlook and high credit quality similar to government securities.

According to VI…

Karachi, The Exchange Companies Association of Pakistan reported slight fluctuations in foreign exchange rates for major currencies including the US dollar, euro, and British pound on April 9, 2024, compared to the previous day.

According to Exchang…

Karachi, VIS Credit Rating Company Limited (VIS) has raised the entity ratings of Madina Oil Refinery Limited (MORL) from ‘BBB-/A-2’ to ‘BBB/A-2’, reflecting improvements in profitability and capitalization. The medium to long-term rating upgrade sign…

Islamabad, The International Finance Corporation (IFC) has approved financing for PTCL Group’s acquisition of Telenor Pakistan, marking a significant development in Pakistan’s telecom industry. This move follows a share purchase agreement signaling ma…

Karachi, Following an impressive year-on-year growth in February 2024, the automobile industry is set to face a decline in sales for March 2024, with the three major listed auto companies anticipated to report a collective 3% decrease in sales, totali…

Lahore, Iftikhar Ali Malik a prominent figure in Pakistan’s business and philanthropy spheres, was recently honored by the United Business Group (UBG) for his decades-long contributions to the nation’s economic and social development. Malik, who has he…

Islamabad, Easypaisa, a leading digital financial services platform in Pakistan, has launched its ‘eidipaisa’ campaign, titled “Aap ki eidi Aap ko Mubarak,” to facilitate the exchange of Eidi during the Eid ul Fitr festivities. This initiative allows u…

Karachi, The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President, Atif Ikram Sheikh, called for a significant overhaul of the nation’s tax system, advocating for an expansion of the tax base and simplification of tax regulations …