General 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...

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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...

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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...

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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...

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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...

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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 ...

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Karachi: The currency exchange rates in Pakistan experienced slight changes over a two-day period, with minor fluctuations observed across various foreign currencies. The buying and selling rates for the US dollar, Euro, British pound, Japanese yen, U...

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