General Business News

Karachi: The textile sector in Pakistan faced significant financial challenges in the first quarter of the fiscal year 2025, with a reported 72% year-on-year decline in profitability among a sample of eight key companies. Despite a 9% growth in toplin...

The post Pakistan Textile Sector Reports 72% Decline in Profitability for 1QFY25. appeared first on Pakistan Business News.

Lahore: DG Khan Cement Company Limited (DGKC) conducted its corporate briefing to discuss recent financial results and future outlook. To recall, DGKC reported a Fiscal Year 2024 Earnings Per Share (EPS) of Rs1.24, a significant improvement compared t...

The post DG Khan Cement Company Limited Explores Export Markets Amid Sluggish Local Demand. appeared first on Pakistan Business News.

Karachi: The Overseas Investors Chamber of Commerce and Industry (OICCI) underscored the essential role of public-private collaboration in tackling Pakistan's climate challenges at COP 29. The event featured a dialogue titled "Unlocking Pakistan's Cli...

The post OICCI Stresses Importance of Private Sector in Climate Resilience at COP 29. appeared first on Pakistan Business News.

Lahore: A seminar focusing on Artificial Intelligence (AI) was organized by the Lahore Chamber of Commerce and Industry (LCCI) to underscore its critical role in advancing trade and industry. LCCI President Mian Abuzar Shad, along with Senior Vice Pre...

The post LCCI Seminar Highlights AI’s Role in Transforming Trade and Industry. appeared first on Pakistan Business News.

Karachi: Meezan Bank, Pakistan's leading Islamic bank, has entered into a strategic alliance with CashNow, the country's pioneering supply chain finance platform, to introduce a revolutionary Shariah-compliant supply chain finance product. A Memorandu...

The post Meezan Bank and CashNow Launch Pakistan’s First Digital Islamic Supply Chain Finance Solution. appeared first on Pakistan Business News.

Bugti: Oil and Gas Development Company Limited (OGDCL) has announced the commencement of production from the Uch-35 development well. Utilizing the company's in-house expertise, the well was drilled to a depth of 1,345 meters, targeting the hydrocarbo...

The post OGDCL Commences Production from Uch-35 Development Well. appeared first on Pakistan Business News.

Karachi: In the first nine months of calendar year 2024, FFL reported a net revenue of PkR17.8 billion, marking a 20% year-on-year increase from PkR14.8 billion in the same period last year. This growth was primarily driven by an increase in ultra-hig...

The post FFL Reports Robust Growth in 9MCY24 with Strategic Expansion Plans. appeared first on Pakistan Business News.