General Business News

Karachi, Kohat Cement Company Limited and Cherat Cement Company Limited released their financial results for the third quarter of FY24 today, showing contrasting performances due to varying operational challenges.

According to AKD Securities Limited...

The post Kohat and Cherat Cement Face Mixed Third-Quarter Results Amidst Market Challenges appeared first on Pakistan Business News.

Muzaffarabad, In an effort to boost home remittances and enhance customer convenience, the Bank of Azad Jammu and Kashmir has rolled out the "Premium Plus Remittance Savings Account," a new savings option offering higher interest rates for remittance ...

The post Bank of Azad Jammu and Kashmir Introduces High-Interest Remittance Account appeared first on Pakistan Business News.

Karachi, The Hub Power Company (HUBC) and Nishat Power Limited (NPL) are expected to report substantial earnings growth for the third quarter of FY24, driven by increased power generation and improved operational efficiencies.

According to AKD Secur...

The post Hub Power and Nishat Power Set for Strong Gains in Third-Quarter Earnings appeared first on Pakistan Business News.

Karachi, The Exchange Companies Association of Pakistan has reported relatively stable foreign exchange rates for major currencies over the past two days, indicating a steady economic environment in the local market.

According to Exchange Companies ...

The post Stability Observed in Pakistan’s Foreign Exchange Rates Over Two Days appeared first on Pakistan Business News.

Karachi, The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has announced its support for the introduction of direct flights between Pakistan and Azerbaijan, a move expected to enhance bilateral trade and economic ties significantly....

The post FPCCI Endorses New Direct Flights to Boost Pakistan-Azerbaijan Trade Relations appeared first on Pakistan Business News.

New York, The consumer price index (CPI) for April 2024 is projected to rise to 17.6%, marking a 23-month low, and is expected to further expand the positive real interest rate (RIR) by an additional 310 basis points (bp).

According to JS Global, Th...

The post Inflation Rate Drops to 23-Month Low in April, Anticipates Central Bank Easing appeared first on Pakistan Business News.

Karachi, Bank Alfalah Limited announced a significant increase in its first-quarter profit, reaching Rs. 9.912 billion, as it continues to expand its market presence and innovate across its service offerings.

According to Bank Alfalah, the results a...

The post Bank Alfalah Reports Robust Growth with Rs. 9.912 Billion Profit in First Quarter of 2024 appeared first on Pakistan Business News.