Karachi: E-commerce platform Daraz Pakistan has announced the launch of its 5.5 Best Price Sale, presenting substantial discounts and savings opportunities for customers from May 5 to May 9, 2025. The company describes the deals as “worth their weight…
Karachi: Sheikh Umer Rehan, Chairman of the Pakistan Vanaspati Manufacturers Association (PVMA), has issued a stern rebuke of recent amendments to the Income Tax Law 2025, introduced via presidential ordinance. He criticized the move as a threat to in…
Karachi: The Exchange Companies Association of Pakistan has released the latest currency exchange rates, indicating minor fluctuations across major foreign currencies against the Pakistani Rupee. The announcement, communicated through their official c…
Karachi: VIS Credit Rating Company Limited announced the reaffirmation of International Textile Limited’s (ITL) entity ratings at ‘A/A2’ (Single A / A Two), maintaining a stable outlook. The ratings reflect ITL’s solid credit quality and adequate prot…
Karachi: Lucky Electric Power Company Limited (LEPCL) has been assigned an initial rating by The Pakistan Credit Rating Agency Limited (PACRA), marking a significant milestone for the power company. The rating pertains to the company’s issuance of PPS…
Karachi: The State Bank of Pakistan (SBP) announced a surprising 100 basis point reduction in the policy rate, bringing it down to 11 percent. This move, driven by decreasing inflation, marks the seventh rate cut in the current monetary easing cycle a…