General Business News

Karachi: Ismail Industries Limited has been assigned preliminary ratings by PACRA, reflecting its strategic growth and financial performance. The company, known for its brands including Candyland and Bisconni, has a stable outlook with long-term and s...

The post PACRA Assigns Preliminary Ratings to Ismail Industries Amid Expansion Plans appeared first on Pakistan Business News.

Karachi: Meezan Bank Ltd (MEBL) released its fourth quarter results for the calendar year 2024, reporting an unconsolidated net profit after tax of PKR 24.0 billion, or PKR 13.4 per share. This marks a decline of 9% year-over-year and 7% quarter-over-...

The post Meezan Bank Reports Strong Results Amid Cost Controls and Securities Gains appeared first on Pakistan Business News.

Multan: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of Ahmed Fine Textile Mills Limited (AFTML) at 'A' for the long term and 'A1' for the short term, with a stable outlook. This rating affirmation underscores AF...

The post PACRA Affirms Ahmed Fine Textile Mills’ Ratings Amid Strategic Expansion appeared first on Pakistan Business News.

Karachi: Pakistan State Oil (PSO) delivered a stable performance for the first half of the fiscal year 2025, announcing a net profit of PKR 11.2 billion alongside gross sales totaling PKR 1.74 trillion.

According to a statement by Pakistan State Oi...

The post PSO Reports PKR 11.2 Billion Profit in 1HFY25 appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has finalized a short-term rating of 'A1' for the Short-Term Sukuk (STS) issuance of Rs. 1,500 million by Citi Pharma Limited. The rating suggests a strong likelihood of timely repayment of short-term obligat...

The post Citi Pharma Limited’s Short-Term Sukuk Receives ‘A1’ Rating appeared first on Pakistan Business News.

Karachi: Gold prices in Pakistan have seen a notable increase, with the rate for one tola of 24-karat gold reaching Rs. 304,000, marking a rise of Rs. 2,500 from previous rates. The surge in domestic prices coincides with an uptick in the internationa...

The post Gold Prices Climb in Pakistan Amid International Market Surge appeared first on Pakistan Business News.

Karachi: Lucky Core Industries Limited (LCI) reported a significant 23% year-over-year growth in its standalone earnings for the first half of the fiscal year 2025, reaching PkR6.2 billion. This increase, primarily attributed to reduced finance costs ...

The post Lucky Core Industries Reports 23% Earnings Growth Amid Sector Variances appeared first on Pakistan Business News.