General Business News

Karachi: Unity Foods Limited (UNITY) has reported a net loss of Rs3.4 billion for the fiscal year 2024, primarily attributed to a significant decline in the sales of edible oil and its derivatives. The company's financial performance was further impac...

The post Unity Foods Limited Reports FY24 Net Loss Amid Drop in Edible Oil Sales appeared first on Pakistan Business News.

Karachi: Macter International held a corporate briefing to discuss its financial results for FY24, reporting a 13% increase in revenue to PkR7.5 billion, up from PkR6.7 billion in FY23. This growth was primarily attributed to price adjustments followi...

The post Macter International Reports 13% Revenue Growth for FY24 Amid Strategic Product Launches appeared first on Pakistan Business News.

Karachi: Pak-Qatar Group and ILMA University have entered into a strategic partnership aimed at enhancing the talent pool within Pakistan's Islamic finance industry. The agreement, formalized through a Memorandum of Understanding (MoU), seeks to lever...

The post Pak-Qatar Group and ILMA University Forge Partnership to Bolster Islamic Finance Sector appeared first on Pakistan Business News.

Karachi: Unity Foods Ltd. conducted its FY24 analyst briefing, unveiling key financial results and future strategies. The company reported a 17.6% decline in revenue to PkR83.0 billion, attributed to falling local edible oil prices. Unity Foods also f...

The post Unity Foods Faces Decline in Revenue and Profit Amid Strategic Diversification Efforts appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Ltd. (VIS) has reaffirmed the entity ratings of Topline Securities Limited at 'A/A1' (Single A/A One), indicating a stable outlook for the stock brokerage firm. The long-term rating of 'A' suggests good credit qualit...

The post VIS Reaffirms Ratings for Topline Securities Limited appeared first on Pakistan Business News.

KARACHI: Dr. Javed Shaikh, Acting Chairman of the Employees' Old-Age Benefits Institution (EOBI), announced the establishment of a weekly helpdesk at the SITE Association of Industry to address members' concerns related to EOBI. This initiative aims t...

The post EOBI to Establish Helpdesk at SITE Association Amidst Industry Challenges appeared first on Pakistan Business News.

Karachi: Pakistan National Shipping Corporation (PNSC) has announced plans to acquire new Aframax vessels to enhance its fleet capabilities and meet the country's maritime transportation needs. The move aims to replace the existing vessels, which are ...

The post PNSC Plans Acquisition of New Aframax Vessels for Enhanced Fleet Efficiency appeared first on Pakistan Business News.