Karachi: FFBL has reported a remarkable surge in profitability, posting a record profit of PkR18.6 billion in the first nine months of the calendar year 2024, marking a 52-fold increase year-over-year. This significant growth was primarily fueled by h…

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Karachi: In recent currency exchange transactions, the US dollar and British pound have shown a strengthening trend against the Pakistani Rupee (PKR). USD buying and selling rates have increased slightly from 276.83 and 278.74 on November 8, 2024, to …

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Karachi: Bank Alfalah, one of Pakistan’s leading commercial banks, proudly announced the relaunch of AlfaMall, the bank’s premier e-commerce platform and the country’s largest formal Buy Now, Pay Later (BNPL) marketplace, now featuring an exclusive BN…

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Karachi: Zong proudly celebrates a significant milestone in its journey of digital innovation as the company achieves a remarkable 7 billion recharge from its Alternate Channels. This achievement is a testament to the continued dedication, strategic v…

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Lahore: OPPO, a global leader in smartphone devices, has announced its OFans Festival, promising significant discounts and surprises for its customers. This festival, launched on 11.11, offers a PKR 10,000 discount on the Reno12 F 4G, presenting an at…

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Karachi: VIS Credit Rating Company Limited (VIS) has reaffirmed the Corporate Governance Rating (CGR) of Allied Bank Limited (‘ABL’ or the ‘Bank’) at ‘CGR-9++’. The rating signifies a very high level of corporate governance. The previous rating action…

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Karachi: Fauji Fertilizer Bin Qasim Limited (FFBL) management held a corporate briefing yesterday to discuss financial performance for 3QCY24 and outlook. The briefing was presumably the last session conducted from the FFBL’s platform before its amalg…

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Karachi: ATRL has reported a decrease in net profit after tax (NPAT) for the fiscal year 2024, with figures reaching PkR25.2 billion, marking a 14% year-on-year decline. The decline was attributed to reduced production levels and a drop in gross refin…

The post ATRL Reports Decline in Profit Amid Lower Production and GRM Reduction. appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Lucky Cement Limited (“LCL”, “LUCK” or “the Company”) at ‘AA+/A1+’ (Double A plus/A One plus). Medium to long-term rating of ‘AA+’ indicates high credit quality; Pro…

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