General 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: The Pakistan Banks Association (PBA) has announced the launch of the Pakistan Banking Summit 2025 (PBS'25), a significant industry-led event scheduled for February 24 and 25, 2025, in Karachi. The summit is expected to gather over 1,000 repre...

The post Pakistan Banking Summit 2025: A Major Step Toward Financial Innovation appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has announced an upgrade in the short-term entity rating of Sazgar Engineering Works Limited, elevating it from 'A/A2' to 'A/A1'. The upgrade signals a strong likelihood of timely repayment for short-term obl...

The post VIS Upgrades Sazgar Engineering Short-Term Rating to ‘A/A1’ appeared first on Pakistan Business News.

Karachi: The upcoming fourth-quarter financial results for Pakistan's banks are anticipated to show a year-over-year decrease in core income, primarily due to a contraction in net interest margins (NIMs) and increased taxation. This is expected to ove...

The post Banks’ Core Income Faces Decline in Fourth Quarter appeared first on Pakistan Business News.

Karachi: In a recent update, the State Bank of Pakistan has released the exchange rates for the mark to market revaluation by authorized dealers in foreign exchange. The announcement outlines the rates for several major currencies, including the U.S. ...

The post Currency Exchange Rates Announced for Mark to Market Revaluation appeared first on Pakistan Business News.

Karachi: The VIS Credit Rating Company Limited has reaffirmed the Development REIT rating of Globe Residency REIT (GRR) at 'RFR2 (dr)', indicating a high likelihood of successful project implementation despite various economic challenges. The outlook ...

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