General Business News

Islamabad: The Pakistan Credit Rating Agency Limited (PACRA) has reaffirmed the entity ratings of Zahidjee Textile Mills Limited, maintaining its long-term and short-term ratings at 'A' and 'A1' respectively. The outlook for the company remains stable...

The post PACRA Upholds Zahidjee Textile Mills’ Stable Ratings appeared first on Pakistan Business News.

Islamabad: Nasir Mansoor Qureshi, President of the Islamabad Chamber of Commerce and Industry (ICCI), has urged Pakistan's diplomatic corps and trade officials to initiate an aggressive trade diplomacy campaign. This effort aims to promote the nation'...

The post ICCI President Calls for Diplomatic Push to Achieve $100 Billion Export Goal by 2030 appeared first on Pakistan Business News.

Islamabad: Cherat Cement Company Ltd. (CHCC) revealed its first quarter fiscal year 2025 financial outcomes today, marking its highest-ever quarterly earnings. The company achieved earnings of PkR2.9 billion, a substantial 88% increase from PkR1.5 bil...

The post Cherat Cement Reports Record Earnings in First Quarter Fiscal Year 2025 appeared first on Pakistan Business News.

Karachi: Commercial banks in Pakistan are under pressure to significantly increase their lending in the final quarter of the year. They must raise their Advance to Deposit Ratio (ADR) above 50% by December 2024 to circumvent an increased tax burden. T...

The post Commercial Banks Urged to Boost Lending by 31% to Sidestep Tax Hike appeared first on Pakistan Business News.

Islamabad: The National Database and Registration Authority (NADRA) has partnered with the Bank of Punjab (BOP) to launch an e-Payment Gateway and Acquiring Agreement, a significant move to boost digital payment infrastructure in Pakistan. This coll...

The post NADRA Partners with Bank of Punjab to Launch E-Payment Gateway for Enhanced Service Delivery appeared first on Pakistan Business News.

Lahore: Fatima Fertilizer Company Ltd. (FATIMA) today announced its third quarter financial results for the year 2024, posting an 18% increase in consolidated earnings, despite a significant drop in sales volumes and revenues. The company recorded ear...

The post Fatima Fertilizer Reports 18% Rise in Quarterly Profits Despite Sales Decline appeared first on Pakistan Business News.

Islamabad: The State Bank of Pakistan (SBP) is anticipated to implement a significant reduction in its policy rate by 200 basis points in the upcoming Monetary Policy Committee (MPC) meeting. This move is driven by a combination of higher real interes...

The post Pakistan’s Central Bank Expected to Reduce Policy Rate by 200 Basis Points appeared first on Pakistan Business News.