General Business News

Lahore: Mughal Iron & Steel Industries Limited, a significant entity in the steel sector, has been assigned initial ratings for its debt instruments by PACRA. The long-term rating stands at A+, while the short-term rating is A1, with a stable outl...

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Karachi: PACRA has announced that it will maintain the A+ long-term and A1 short-term entity ratings for Sapphire Fibres Limited (SFL), citing the company's stable outlook. The decision highlights the company's robust standing within the Sapphire Grou...

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Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained its rating of HBL Microfinance Bank Limited's (HBL MfB) Tier 2 Capital Term Finance Certificate (TFC) at 'A' with a stable outlook. This decision sustains the evaluation from ea...

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Karachi: The Union of Small and Medium Enterprises (UNISAME) has expressed its appreciation for the collaborative efforts between the Small and Medium Enterprises Development Authority (SMEDA) and the Board of Investment (BOI) in implementing over 170...

The post SMEDA and BOI Collaborate for Over 170 Regulatory Reforms in Pakistan. appeared first on Pakistan Business News.

Karachi: Fauji Fertilizer Bin Qasim Limited (FFBL) management held a corporate briefing yesterday to discuss the financial performance for the third quarter of the calendar year 2024 (3QCY24) and the outlook for the future. This briefing is expected t...

The post FFBL Reports Significant Growth in Profitability Amid Positive Market Conditions. appeared first on Pakistan Business News.

Karachi: FCL has announced a significant rise in its Net Profit After Tax (NPAT) for the fiscal year 2024, reaching PkR1.89 billion, which translates to earnings per share of PkR3.0, marking a 9% year-on-year increase. This improvement was primarily a...

The post FCL Reports 9% YoY Increase in NPAT for FY24, Expects Revenue Growth in FY25. appeared first on Pakistan Business News.

Karachi: BankIslami, one of Pakistan's leading Islamic banks, has launched its revamped mobile app designed to enhance the banking experience with advanced security features and user-friendly functionality for customers nationwide. This upgrade aims t...

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