General Business News

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Pak’s Debt-to-GDP Ratio Hits 65.7%, Lowest Level Since 2018.

Karachi: Pakistan's debt-to-GDP ratio declined to 65.7% in September, signaling a reversal in the upward trajectory observed during the last fiscal year, This change represents the lowest level since June 2018, with the domestic debt-to-GDP ratio at 4...

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Pakistan’s Textile Industry to Participate in Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT) 2025.

Karachi: The three-day Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT) is set to commence on February 26, 2025, at the Saigon Expo and Convention Center (SECC) in Ho Chi Minh City, Vietnam. The Trade Development...

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Spotify’s Third Quarter 2024 Earnings Show Significant Growth.

Stockholm: Spotify has reported its third quarter 2024 earnings, demonstrating significant growth across several key performance metrics. The company has made strides towards achieving a full year of profitability, marking a milestone in its financial...

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K-Electric’s BQPS-II Honored at Asian Power Awards for Energy Efficiency Innovation.

Karachi: K-Electric's 560 MW Bin Qasim Power Station II (BQPS-II) has garnered international acclaim, securing accolades at the Asian Power Awards 2024 in two distinct categories: Gas Power Project of the Year - Pakistan and Power Plant Upgrade of the...

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SMEDA and BOI Collaborate for Over 170 Regulatory Reforms in Pakistan.

Karachi: The Union of Small and Medium Enterprises (UNISAME) has expressed its appreciation for the collaborative efforts between the Small and Medium Enterprises Development Authority (SMEDA) and the Board of Investment (BOI) in implementing over 170...

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FFBL Reports Significant Growth in Profitability Amid Positive Market Conditions.

Karachi: Fauji Fertilizer Bin Qasim Limited (FFBL) management held a corporate briefing yesterday to discuss the financial performance for the third quarter of the calendar year 2024 (3QCY24) and the outlook for the future. This briefing is expected t...

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Lucky Cement Reports Mixed Financial Results for 1QFY25.

Lahore: Lucky Cement posted standalone profitability of PkR6.6 billion (EPS: PkR22.4) in the first quarter of FY25, marking a 5% decline from PkR6.9 billion (EPS: PkR23.6) in the same period last year. This decrease is primarily attributed to a contra...

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