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Nestlé Pakistan Triumphs at OICCI Climate Excellence Awards

KARACHI: Nestlé Pakistan was honored with the top Climate Champion Award at the inaugural OICCI Climate Excellence Awards, spotlighting its initiatives in climate action, sustainability, renewable energy, and regenerative agriculture. The awards were ...

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Severe Water Shortage Halts Industrial Production in Karachi’s SITE Area

KARACHI: A severe water shortage has halted industrial production in Karachi's SITE area, leaving factories closed and workers idle for the past four days.

According to a statement by SITE Association of Industry, Ahmed Azeem Alvi. The interruption ...

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Security Papers Limited Reports 7.5% Profit Growth in First Half of Fiscal Year

Karachi: Security Papers Limited (SPL) has announced a 7.5% increase in after-tax profit for the first half of the fiscal year 2024-25, marking a significant financial milestone for the company. This growth aligns with a similar rise in earnings per s...

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AlBaraka Forum Elevates Sukuk’s Role in Sustainable Finance

Karachi: The 4th AlBaraka Forum Regional Conference, held on January 28, 2024, at the Marriott Hotel in Karachi, spotlighted the critical role of Sukuk in sustainable economic growth. Organized by the AlBaraka Forum for Islamic Economy in collaboratio...

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Currency Exchange Rates Fluctuate Slightly Amid Economic Stability

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...

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Bank Alfalah Posts Reduced Profits but Increases Payout Amidst Tax Changes

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 ...

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