General Business News

Karachi, Fly Jinnah, Pakistan's low-cost carrier, has introduced a new non-stop service connecting Islamabad with Muscat, starting on May 10, 2024. This new route marks the airline's third international route and includes two weekly flights, enhancing...

The post Fly Jinnah Launches Islamabad-Muscat Route, Expands International Service 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...

The post Pakistani Banks to Implement IFRS 9 Standards Starting January 2024 appeared first on Pakistan Business News.

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...

The post Cement Companies’ Earnings Outlook Mixed in Upcoming Quarterly Results appeared first on Pakistan Business News.

Islamabad, Pakistan Telecommunication Company Limited (PTCL), the nation's top telecom and ICT service provider, has reported a 14% year-over-year revenue increase for the first quarter of 2024. Despite a net loss, the group has seen robust growth in ...

The post PTCL Group Reports 14% Revenue Growth in Q1 Amid Expanding Digital Services appeared first on Pakistan Business News.

Karachi, Muhammad Kamran Arbi, President of the S.I.T.E Association of Industry, has warned that the recent increases in the prices of petroleum, oil, and lubricants (POL) are severely impacting the industrial sector and the economy at large. In a pres...

The post SITE President Calls for Action as Rising Production Costs Threaten Factory Operations appeared first on Pakistan Business News.

Karachi, The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) announced the appointment of Shabbir Mansha Churra as the Chairman of the Pakistan-China Business Council for the term 2024-25. Atif Ikram Sheikh, President of FPCCI, express...

The post Shabbir Mansha Churra Named Chairman of Pakistan-China Business Council appeared first on Pakistan Business News.