Karachi: The textile industry in Pakistan is grappling with a confluence of challenges as it faces increased pressure from both domestic and international fronts. The government has set an ambitious raw cotton output target of over 10 million bales fo…
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of MCB Islamic Bank Limited, affirming its strategic advancements in the Islamic banking sector. As a subsidiary of MCB Bank Limited, the bank has focused on …
KARACHI: Arab Light crude experienced significant price increases, rising over 21.3% in June 2025 and 11% since mid-June, amid escalating geopolitical tensions in the Middle East. The key factor is the Strait of Hormuz, an essential oil chokepoint tha…
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the rating of Gas and Oil Pakistan Limited (GO) following a strategic partnership with Aramco, which has acquired approximately a 40% stake in the company. This partnership is anti…
Karachi: inDrive has become the leading ride-hailing app in Pakistan’s “Maps and Navigation” category on the Google Play Store. This development underscores the app’s rapid expansion and growing user base in the country.
Since its launch in Pakistan…
KARACHI: The State Bank of Pakistan has released its latest weighted average customer exchange rates, providing a snapshot of the current buying and selling rates for various international currencies against the Pakistani Rupee. According to the data …