General Business News

Karachi: The United Business Group (UBG) has extended its congratulations to the Government of Pakistan for the successful hosting of the Shanghai Cooperation Organization (SCO) summit in Islamabad, which saw participation from heads of state from seve...

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Karachi: In response to the escalating viral and epidemic diseases in Karachi and the broader Sindh region, the President of the Karachi Chamber of Commerce and Industry (KCCI), Muhammad Jawed Bilwani, has formally requested the Sindh Chief Minister,...

The post Karachi Chamber of Commerce Urges Expansion of Hospital Emergency Capacities Amid Disease Outbreaks appeared first on Pakistan Business News.

Karachi: The banking sector in Pakistan is expected to announce an increase in third-quarter profits for 2024, with estimates projecting a 3% year-on-year rise to PKR 94.4 billion. This increase is largely attributed to strong non-core income, which i...

The post Pakistani Banks Set to Report Solid Third Quarter Earnings, Supported by Non-Core Income Growth appeared first on Pakistan Business News.

Karachi: Engro Fertilizer Limited (EFERT) has reported an 11% year-on-year decline in its profits for the third quarter of 2024, with significant impacts from lower sales volumes and increased financial charges. The company announced earnings of PkR 8...

The post Engro Fertilizer Reports Decline in Q3 Profits, Eyes Recovery Amid Market Challenges appeared first on Pakistan Business News.

Karachi: The latest currency exchange rates issued by the Exchange Companies Association of Pakistan show minor fluctuations in the buying and selling prices for major currencies such as the USD, Euro, and GBP between October 16 and 17, 2024.

Accord...

The post Pakistani Currency Rates Show Slight Variation Across Major Currencies appeared first on Pakistan Business News.

Karachi: DG Khan Cement Company Ltd (DGKC) and Attock Cement Pakistan Limited (ACPL) are poised to reveal their financial outcomes for the first quarter of FY25, exhibiting varied performances influenced by market retention and volume dynamics. DGKC i...

The post DGKC and ACPL Anticipate Mixed 1QFY25 Results Amid Varying Market Dynamics appeared first on Pakistan Business News.

Karachi: Baluchistan Glass Ltd. (BGL) faced significant financial challenges in FY24, reporting a loss of PKR 508 million, a sharp increase from the previous year's PKR 135 million. The losses were primarily attributed to an extended eleven-month shut...

The post Baluchistan Glass Ltd. Reports FY24 Losses and Operational Challenges appeared first on Pakistan Business News.