General Business News

Karachi: VIS Credit Rating Company Limited (VIS) has assigned a preliminary rating of 'AA- (plim)' to the proposed Sukuk 2 issuance by Mughal Iron and Steel Industries Limited. The rating, indicating high credit quality, comes with a stable outlook, e...

Lahore: Fauji Cement Company Ltd. (FCCL) has reported a significant increase in its financial performance for the second quarter of the fiscal year 2025, with earnings rising by 51% year-over-year. The company's earnings reached PkR4.0 billion, equiva...

Karachi: Pakistan Stock Exchange (PSX) and Baku Stock Exchange (BSE) have signed a Memorandum of Understanding (MOU) to enhance bilateral cooperation between the capital markets of Pakistan and Azerbaijan. The agreement, finalized in an online ceremon...

Karachi: Hub Power Company Ltd (HUBC) and Nishat Power Limited (NPL) have released their earnings previews for the second quarter of fiscal year 2025, revealing contrasting financial performances. HUBC reported a decrease in net profits, while NPL saw...

Karachi: Currency exchange rates exhibited minor fluctuations across various markets, as detailed in a recent report from the Exchange Companies Association of Pakistan. The report indicates changes in the buying and selling rates for several major cu...

Karachi: Gold prices in Pakistan experienced a significant rise, reflecting a parallel increase in international markets. The cost of gold per tola of 24 karat reached Rs. 309,500, marking an increase of Rs. 1,500 from previous rates. According to a...

Lahore: MCB Bank Limited (MCB) recently conducted an analyst briefing to discuss its financial results for the calendar year 2024 and its future outlook. The bank reported a profit decline of 3.4% year-on-year, totaling PkR57.6 billion, primarily due ...