Karachi: Security Papers Limited (SPL) has announced a 7.5% increase in after-tax profit for the first half of the fiscal year 2024-25, marking a significant financial milestone for the company. This growth aligns with a similar rise in earnings per s…

The post Security Papers Limited Reports 7.5% Profit Growth in First Half of Fiscal Year appeared first on Pakistan Business News.

Karachi: The 4th AlBaraka Forum Regional Conference, held on January 28, 2024, at the Marriott Hotel in Karachi, spotlighted the critical role of Sukuk in sustainable economic growth. Organized by the AlBaraka Forum for Islamic Economy in collaboratio…

The post AlBaraka Forum Elevates Sukuk’s Role in Sustainable Finance appeared first on Pakistan Business News.

Karachi: The currency exchange rates for major global currencies against the Pakistani Rupee witnessed minor fluctuations over the past two days, reflecting a steady economic environment.

According to a statement by Exchange Companies Association o…

The post Currency Exchange Rates Fluctuate Slightly Amid Economic Stability appeared first on Pakistan Business News.

Karachi: Bank Alfalah Limited (BAFL) announced its fourth-quarter financial results for the year 2024, revealing a profit of PkR4.7 billion, which marks a decrease of 49% compared to the previous year and a 64% drop from the previous quarter. Despite …

The post Bank Alfalah Posts Reduced Profits but Increases Payout Amidst Tax Changes appeared first on Pakistan Business News.

Karachi: Lucky Cement Ltd. (LUCK) has reported a notable increase in its financial performance for the second quarter of the fiscal year 2025, with standalone earnings reaching PKR 7.3 billion, up 7% from the same period last year. This growth exceede…

The post Lucky Cement Reports Strong Earnings Growth Amid Rising Gross Margins and Other Income appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited (VIS) has confirmed the maturity of K-Electric Limited’s (KE) Short Term Sukuk (STS-26), valued at PKR 5 billion. The issuance of the sukuk took place on June 5, 2024, and it reached maturity on December 5, 2…

The post K-Electric’s Short Term Sukuk Maturity Confirmed appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Bhanero Textile Mills Limited at ‘A+/A1’. The ratings reflect strong credit quality and liquidity, with a stable outlook, amid economic pressures and industry challenges. …

The post Bhanero Textile Mills’ Ratings Reaffirmed Amid Economic Challenges appeared first on Pakistan Business News.

Karachi: The banking sector in Pakistan is bracing for a challenging fourth quarter, with anticipated declines in profitability driven by shrinking net interest margins and increased taxation costs. Despite these hurdles, dividend payouts are expected…

The post Pakistan Banks’ Profits Expected to Decline Amid Higher Taxes and Shrinking Margins appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited (VIS) has concluded the rating process for K-Electric Limited’s (KEL) Short Term Sukuk (STS-25), which was valued at PKR 5.0 billion. The issuance and maturity of this financial instrument took place on May 2…

The post VIS Finalizes Rating for K-Electric’s PKR 5 Billion Sukuk appeared first on Pakistan Business News.