Karachi: Engro Fertilizer Limited (EFERT) has reported an 11% year-on-year decline in its profits for the third quarter of 2024, with significant impacts from lower sales volumes and increased financial charges. The company announced earnings of PkR 8…

The post Engro Fertilizer Reports Decline in Q3 Profits, Eyes Recovery Amid Market Challenges appeared first on Pakistan Business News.

Karachi: The latest currency exchange rates issued by the Exchange Companies Association of Pakistan show minor fluctuations in the buying and selling prices for major currencies such as the USD, Euro, and GBP between October 16 and 17, 2024.

Accord…

The post Pakistani Currency Rates Show Slight Variation Across Major Currencies appeared first on Pakistan Business News.

Karachi: DG Khan Cement Company Ltd (DGKC) and Attock Cement Pakistan Limited (ACPL) are poised to reveal their financial outcomes for the first quarter of FY25, exhibiting varied performances influenced by market retention and volume dynamics. DGKC i…

The post DGKC and ACPL Anticipate Mixed 1QFY25 Results Amid Varying Market Dynamics appeared first on Pakistan Business News.

Karachi: Baluchistan Glass Ltd. (BGL) faced significant financial challenges in FY24, reporting a loss of PKR 508 million, a sharp increase from the previous year’s PKR 135 million. The losses were primarily attributed to an extended eleven-month shut…

The post Baluchistan Glass Ltd. Reports FY24 Losses and Operational Challenges appeared first on Pakistan Business News.

Islamabad: Leading companies in Pakistan’s exploration and production sector reported significant declines in profitability for the first quarter of FY25. Oil and Gas Development Company Ltd (OGDC), Pakistan Petroleum Ltd (PPL), Mari Petroleum Compa…

The post E and P Sector Faces Profit Declines in 1QFY25 Amid Production Challenges and Lower Oil Prices appeared first on Pakistan Business News.

Lahore: The Lahore Chamber of Commerce and Industry (LCCI) has publicly condemned the Federal Board of Revenue’s (FBR) recent raids on local industrial units, criticizing the actions for causing significant disruptions and fostering a climate of fear a…

The post LCCI Criticizes FBR for Disruptive Raids on Lahore’s Industrial Units appeared first on Pakistan Business News.

Karachi: The President of the Karachi Chamber of Commerce and Industry (KCCI), Muhammad Jawed Bilwani, has requested the Federal Board of Revenue (FBR) to reconsider its requirement for submitting affidavits with sales tax returns. He highlighted the…

The post KCCI President Calls for Deferral of Affidavit Requirement in Sales Tax Returns appeared first on Pakistan Business News.

Lahore: The Lahore Chamber of Commerce and Industry (LCCI) has declared the upcoming Shanghai Conference an essential economic booster for Pakistan, highlighting its potential to attract significant foreign investment and enhance the country’s global e…

The post Lahore Chamber of Commerce Hails Shanghai Conference as Economic Catalyst for Pakistan appeared first on Pakistan Business News.

Karachi: The Korangi Association of Trade and Industry (KATI) has unveiled a new initiative, the ‘Charter of Karachi’, designed to enhance the city’s economic role by consolidating efforts from various stakeholders to support small and medium enterpris…