General Business News

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Standard Chartered Pakistan Posts 20% Profit Before Tax Growth in Q3 2024

Karachi: Standard Chartered Bank Pakistan Limited (SCBPL) has reported a 20% increase in profit before tax, reaching PKR 75.5 billion for the third quarter of 2024. This financial upturn is supported by a 16% year-over-year revenue growth across all s...

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Pakistani Currency Fluctuates Modestly Against Major Currencies

Karachi: The Pakistani Rupee witnessed slight fluctuations against major currencies in the foreign exchange market over the last two days, as detailed in the latest rates released by the Exchange Companies Association of Pakistan.

According to Excha...

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National Highway Authority Doubles Annual Revenue to PKR 110 Billion

Islamabad: The National Highway Authority (NHA) has achieved a record-setting increase in annual revenue, reporting a 100% surge to reach PKR 110 billion, up from PKR 64 billion last year. This significant financial growth, driven primarily by toll co...

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UNISAME Commends IPO Chairperson for Efforts on WIPO Treaty

Karachi: The Union of Small and Medium Enterprises (UNISAME) has publicly lauded Farukh Amil, Chairperson of the Intellectual Property Organization of Pakistan (IPO), for his pivotal role in advocating for Pakistan’s interests in the recent World Inte...

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Al Fatah Icon Introduces Luxury Apartments with Extended Payment Plans in Karachi

Karachi: Al Fatah Icon, a new luxury residential project, is offering premium 2- and 3-bedroom apartments on Main University Road near Malir Cantt, with an attractive 48-month installment plan. This development is positioned to provide high-end living...

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VIS Maintains Stable Outlook on International Steel Limited’s Credit Ratings

Karachi: VIS Credit Rating Company Limited (VIS) has reaffirmed the credit ratings of International Steel Limited (ISL) at 'A+/A1', indicating good credit quality and a strong likelihood of timely repayment for short-term obligations. The medium to lo...

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Tetra Pak and Lactalis Launch Innovative Recycled Packaging for Beverage Cartons

Lausanne: In a groundbreaking development for the beverage packaging industry, Tetra Pak and Lactalis have introduced a new carton package that incorporates certified recycled polymers derived from used beverage cartons. This initiative represents a s...

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