Karachi: The Finance Division has announced a significant improvement in Pakistan's fiscal health for the financial year 2025, reporting a budget deficit of 5.4% of Gross Domestic Product (GDP). This marks a decrease from the previous year's 6.8% defi...
Read More »Monthly Archives: August 2025
MCB Bank’s Earnings Decline Amid Rising Administrative Expenses
Karachi: MCB Bank Limited reported its second-quarter financial results for the calendar year 2025, revealing a decline in net profit due to increased administrative expenses. The bank posted a net profit after tax of PKR 13.5 billion for the quarter,...
Read More »Fauji Fertilizer Earnings Soar Amid Strategic Shifts
Islamabad: Fauji Fertilizer Limited (FFC) convened a corporate briefing today to discuss its recent financial performance and future strategies. The company reported a significant earnings increase to Rs38.5 billion, marking a 47% year-over-year growt...
Read More »Fauji Fertilizer Company Reports Strong Earnings Amid Weak Urea Sales
Karachi: Fauji Fertilizer Company Ltd. (FFC) announced its financial results for the first half of the calendar year 2025, showcasing a significant increase in earnings despite a decline in urea sales. The company revealed a profit of PkR38.5 billion,...
Read More »Pakpattan Chamber Seeks Chinese Collaboration Through PCJCCI Visit
Lahore: The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) hosted a delegation from the Pakpattan Chamber of Commerce and Industry (PCCI) in Lahore, highlighting efforts to bolster regional economic ties and enhance Chinese participati...
Read More »Power Sector Debt Reduction Sparks Debate on Consumer Benefits
Karachi: The Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Amaan Pracha, has called on the government to pass the benefits of a notable reduction in the power sector's circular debt directly to electricity con...
Read More »PURE Insurance Enhances Member Billing Experience with Upgrade to Duck Creek Billing
Cloud-based solution delivers streamlined financial operations, real-time insights, and personalized billing options for PURE members BOSTON , Aug. 05, 2025 (GLOBE NEWSWIRE) — Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today announced PURE Insurance, the member-owned insurer designed for successful, responsible families, has upgraded to the […]
Read More »Axi Brings Their A-Game with Axi Select: Early Access 10% Profit-Sharing Offer Launches This August
SYDNEY, Aug. 05, 2025 (GLOBE NEWSWIRE) — Leading online FX and CFD broker Axi has launched its standout promotion for its Axi Select offering. Starting August 2025, all Axi Select traders in the program’s first stage, the Seed stage, will receive access to $5,000 in allocation and benefit from a generous 10% profit-sharing opportunity at […]
Read More »Pacific Green Signs Commitment Agreement With ZEN Energy for BESS Offtake in Australia for 1.5GWh
Sydney, Aug. 05, 2025 (GLOBE NEWSWIRE) — – Pacific Green is pleased to announce that its battery energy storage business in Australia has entered into a commitment agreement with ZEN Energy (“ZEN”) for 10-year tolling arrangements across three Battery Energy Storage System (BESS) projects located in Victoria, New South Wales, and Queensland totaling 1.5GWh of storage capacity. […]
Read More »
AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service