General Business News

Karachi, D.G. Khan Cement Company Limited (DGKC) today announced a robust set of financial results for the third quarter of fiscal year 2024, significantly exceeding market expectations. The company reported a profit after tax of PKR 1.2 billion, marki...

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Islamabad, After two months of subdued activity due to seasonal conditions, the cement industry in Pakistan reported a rebound in dispatches in March 2024. Total dispatches for the month reached 3.94 million tons, marking a 4% increase year-over-year a...

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Karachi, In an effort to combat mis-invoicing and promote trade accuracy, Pakistan Customs has introduced the Linking International Value (LIVE) System, which was presented during a session hosted by the Federation of Pakistan Chambers of Commerce and ...

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Karachi, In a recent development to bolster economic relations, the Ambassador of Azerbaijan to Pakistan, Khazar Farhadov, emphasized the need for enhanced private sector involvement in the Azerbaijan-Pakistan Intergovernmental Joint Commission’s Joint...

The post Azerbaijan and Pakistan Enhance Economic Ties with Upgraded Joint Working Groups and Direct Flights appeared first on Pakistan Business News.

Karachi, Starting January 1, 2024, Pakistani banks will begin reporting under the new International Financial Reporting Standard (IFRS) 9, a major shift from the current IAS 39 standards that govern financial instruments. This change, anticipated with...

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Lahore, VIS Credit Rating Company has reaffirmed the entity ratings of Zephyr Power Limited (ZPL) at ‘A+/A-1’ for medium to long-term and short-term credit quality, respectively. The ratings reflect the company's robust financial health and stable eco...

The post VIS Credit Rating Reaffirms ‘A+/A-1’ Ratings for Zephyr Power Limited with Stable Outlook appeared first on Pakistan Business News.

Karachi, The latest financial forecasts for key players in Pakistan's cement industry suggest varied performance in the upcoming quarterly earnings reports. Fauji Cement Company Limited (FCCL), D.G. Khan Cement Company Limited (DGKC), and Cherat Cemen...

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