2 weeks ago
Business, General Business News
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Bhanero Textile Mills Limited at 'A+/A1'. The ratings reflect strong credit quality and liquidity, with a stable outlook, amid economic pressures and industry challenges. ...
The post Bhanero Textile Mills’ Ratings Reaffirmed Amid Economic Challenges appeared first on Pakistan Business News.
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2 weeks ago
Business, General Business News
Karachi: The banking sector in Pakistan is bracing for a challenging fourth quarter, with anticipated declines in profitability driven by shrinking net interest margins and increased taxation costs. Despite these hurdles, dividend payouts are expected...
The post Pakistan Banks’ Profits Expected to Decline Amid Higher Taxes and Shrinking Margins appeared first on Pakistan Business News.
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2 weeks ago
Business, General Business News
Karachi: VIS Credit Rating Company Limited (VIS) has concluded the rating process for K-Electric Limited's (KEL) Short Term Sukuk (STS-25), which was valued at PKR 5.0 billion. The issuance and maturity of this financial instrument took place on May 2...
The post VIS Finalizes Rating for K-Electric’s PKR 5 Billion Sukuk appeared first on Pakistan Business News.
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2 weeks ago
Business, General Business News
Islamabad: The Board of Directors of Bank Alfalah Limited has approved the financial results for the year ended December 31, 2024, showcasing a robust performance in challenging conditions. The bank reported a profit after tax of PKR 38.318 billion, w...
The post Bank Alfalah Reports Strong Financial Performance for 2024 appeared first on Pakistan Business News.
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2 weeks ago
Business, General Business News
Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) hosted a significant meeting of the Pakistan-UAE Business Council at its headquarters in Karachi. The gathering was aimed at bolstering trade ties between Pakistan and the U...
The post FPCCI Hosts Meeting to Enhance Pakistan-UAE Trade Relations appeared first on Pakistan Business News.
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2 weeks ago
Business, General Business News
Karachi: Interloop Limited (ILP) anticipates a modest improvement in earnings for the second quarter of the fiscal year 2025, with an expected earnings per share (EPS) of Rs0.68. This reflects a quarter-over-quarter improvement, though year-over-year ...
The post Interloop Limited Earnings Outlook Amid Expansion Challenges appeared first on Pakistan Business News.
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2 weeks ago
Business, General Business News
Karachi: Bank Al-Habib Limited (BAHL) reported its financial results for the fourth quarter of 2024, revealing a profit of PkR6.8 billion, or PkR6.1 per share, reflecting a 13% year-over-year decrease and a 43% quarter-over-quarter increase. Despite t...
The post Bank Al-Habib Announces Robust Cash Payout Amid Mixed Profit Results appeared first on Pakistan Business News.
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