Karachi: The KSE-100 Index experienced a significant decline, losing 826 points to close at 132,577, with a trading volume of 903 million shares. Top gainers included BNWM, GADT, and YOUW, while PSEL, HGFA, and SCBPL saw the largest losses. Investment…
Karachi: The auto sector in Pakistan has witnessed a strong recovery in FY25, with sales soaring following a two-year downturn. Total industry sales rose by 20% year-on-year, reaching 182,452 units, according to a report by AKD Securities Limited.
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Karachi: The State Bank of Pakistan has released the latest weighted average customer exchange rates, indicating minor fluctuations in the buying and selling rates of major global currencies.
According to the Domestic Markets and Monetary Managemen…
Karachi: The Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Muhammad Aman Pracha, has voiced concerns about the impact of current tax policies on the business environment. He called for the government to revoke…
Karachi: The Exchange Companies Association of Pakistan (ECAP) released the closing exchange rates on July 10, 2025, showing minor fluctuations in the buying and selling prices of major currencies. According to the State Bank of Pakistan, the US dolla…
Karachi: Pakistan has achieved a record in its remittance inflows, with the fiscal year 2025 witnessing overseas Pakistanis sending home a total of $38.3 billion. This represents a 27% increase compared to the previous year, as detailed in a recent re…
Karachi: The Pakistan Chemicals and Dyes Merchants Association (PCDMA) has criticized the Federal Board of Revenue (FBR) for introducing an e-invoicing system without prior stakeholder consultation or awareness sessions, labeling it a nightmare for ta…
Karachi: The profitability of Pakistan’s cement sector is projected to grow by a substantial 42% year-on-year in the fiscal year 2025, according to a recent analysis by AKD Securities Limited. This anticipated growth is attributed to improving macroec…