General Business News

Karachi: FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for the first quarter of 2025, revealing a 5.3% decline in net sales compared to the same period last year. The company attributed this downturn to the imposition...

Lahore: Maple Leaf Cement Factory Ltd. (MLCF) reported a significant increase in its earnings for the third quarter of fiscal year 2025, driven by higher cement prices and a reduction in taxation. The company announced consolidated earnings of PKR 2.8...

Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has updated the entity ratings of Alfalah Securities (Private) Limited (ASPL), placing them on Rating Watch. ASPL, a mid-sized brokerage firm in Pakistan and a wholly-owned subsidiary of Bank ...

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings for Umar Spinning Mills Private Limited at 'BBB+/A2', indicating adequate credit quality and good likelihood of timely repayment of short-term obligations. The outlook remain...

Karachi: BankIslami, a major player in the country's Islamic banking sector, announced a Profit Before Tax (PBT) of PKR 5.49 billion for the first quarter ending March 31, 2025. Demonstrating a robust start to the year, the bank reported a 6.3% increa...

Karachi: Amaan Pracha, Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), emphasized the importance of boosting Pakistani exports to bring in essential foreign exchange. He urged Prime Minister Shahbaz Sharif and F...

KARACHI: Pakistan Chemicals and Dyes Merchants Association (PCDMA) has put forward a set of budget recommendations to the Federal Board of Revenue (FBR) aimed at alleviating the compliance burden on taxpayers and fostering trust between the business s...