General Business News

Karachi: The currency exchange rates for major global currencies against the Pakistani Rupee witnessed minor fluctuations over the past two days, reflecting a steady economic environment.

According to a statement by Exchange Companies Association o...

The post Currency Exchange Rates Fluctuate Slightly Amid Economic Stability appeared first on Pakistan Business News.

Karachi: Bank Alfalah Limited (BAFL) announced its fourth-quarter financial results for the year 2024, revealing a profit of PkR4.7 billion, which marks a decrease of 49% compared to the previous year and a 64% drop from the previous quarter. Despite ...

The post Bank Alfalah Posts Reduced Profits but Increases Payout Amidst Tax Changes appeared first on Pakistan Business News.

Karachi: Lucky Cement Ltd. (LUCK) has reported a notable increase in its financial performance for the second quarter of the fiscal year 2025, with standalone earnings reaching PKR 7.3 billion, up 7% from the same period last year. This growth exceede...

The post Lucky Cement Reports Strong Earnings Growth Amid Rising Gross Margins and Other Income appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited (VIS) has confirmed the maturity of K-Electric Limited's (KE) Short Term Sukuk (STS-26), valued at PKR 5 billion. The issuance of the sukuk took place on June 5, 2024, and it reached maturity on December 5, 2...

The post K-Electric’s Short Term Sukuk Maturity Confirmed appeared first on Pakistan Business News.

Karachi: International Steels Ltd (ISL) announced a significant decline in its quarterly profit, with Profit after Tax (PAT) dropping by 71% year-on-year to PkR355 million (EPS: PkR0.82) for the second quarter of fiscal year 2025. The decline was prim...

The post International Steels Ltd Reports 71% Decline in Quarterly Profit Amid Lower Steel Prices appeared first on Pakistan Business News.

Karachi: Cherat Cement Company Ltd (CHCC) is expected to see a rise in earnings for the second quarter of the fiscal year 2025, while Lucky Cement Ltd (LUCK) is projected to experience a decline, according to recent forecasts.

According to a stateme...

The post Cherat and Lucky Cement Earnings Predictions Highlight Mixed Outcomes appeared first on Pakistan Business News.

Karachi: The State Bank of Pakistan (SBP) has cut its policy rate by 100 basis points to 12%, signaling a cautious approach to monetary policy aimed at fostering sustainable economic growth. This decision comes alongside a revision of the inflation fo...

The post Pakistan to See Potential Drop in Interest Rates as Inflation Forecast Improves appeared first on Pakistan Business News.