Karachi: Askari Bank Ltd (AKBL) reported a mixed set of financial results for the first nine months of the calendar year 2024, with a slight decrease in net profit after tax (NPAT) but significant growth in assets and equity. The bank also highlighted…
The post Askari Bank Reports Mixed Financial Results with Strategic Expansion appeared first on Pakistan Business News.
Karachi: VIS Credit Rating Company Limited has assigned a preliminary rating of ‘A1+ (plim)’ to Pakistan Telecommunication Company Limited’s (PTCL) proposed PKR 2.5 billion Short-Term Sukuk IX (STS-IX), indicating a strong likelihood of timely repayme…
The post VIS Assigns Top Rating to PTCL’s Short-Term Sukuk IX appeared first on Pakistan Business News.
Karachi: The Exchange Companies Association of Pakistan released the latest foreign exchange rates, indicating slight fluctuations in the values of major currencies against the Pakistani Rupee. The current exchange rates reveal minimal changes in the …
The post Currency Exchange Rates in Pakistan Show Marginal Changes appeared first on Pakistan Business News.
Karachi: Saudia Airlines has announced its receipt of the Editorial Award for ‘Best Airline Cabin Crew’ at the Business Traveler U.S. Awards 2024, held in Miami, USA. This marks the inaugural presentation of the award, underscoring the significance of…
The post Saudia Airlines Recognized for Excellence in Cabin Crew Service appeared first on Pakistan Business News.
Karachi: Recent data released by the Exchange Companies Association of Pakistan indicates fluctuations in currency exchange rates over a two-day period. The data shows changes in the buying and selling rates for major currencies, including the US Doll…
The post Currency Exchange Rates Experience Fluctuations in Pakistan appeared first on Pakistan Business News.
Karachi: LOTCHEM, the sole producer of Purified Terephthalic Acid (PTA) in Pakistan, announced a significant rise in its revenue by 43% for the first nine months of the calendar year 2024, reaching PkR88.9 billion compared to PkR62.1 billion in the sa…
The post LOTCHEM Reports 43% Increase in Revenue Despite Earnings Decline appeared first on Pakistan Business News.
Karachi: Urea sales are predicted to see a recovery in November 2024, reaching an estimated 649,000 tons, marking a 6% year-over-year increase and hitting an eight-month high. This projection comes despite a cumulative decline in overall urea off-take…
The post Urea Sales Forecasted to Rebound in November 2024 with Notable Growth for Key Companies appeared first on Pakistan Business News.
Karachi: Pak-Qatar Asset Management Company Limited (PQAMC) has announced reaching a significant milestone by surpassing PKR 50 billion in Assets Under Management (AUM) within its first two years of operations. This accomplishment places PQAMC among t…
The post Pak-Qatar Asset Management Company Surpasses PKR 50 Billion in Assets Under Management appeared first on Pakistan Business News.
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has affirmed its ratings for Ghulam Rasool & Company (Pvt.) Limited, maintaining both its long-term rating at A- and short-term rating at A2. The outlook has been upgraded from stable to po…
The post PACRA Maintains Positive Outlook on Ghulam Rasool & Company Amid Financial Growth appeared first on Pakistan Business News.
Islamabad:Pakistan Meteorological Department has predicted that dry weather will prevail over most parts of the country, with partly cloudy conditions expected in northern areas, accompanied by cold weather over the next twelve hours.
According to R…
