General Business News

Karachi: Bank Alfalah Limited (BAFL) held a corporate analyst briefing today, outlining its financial performance and future strategies. The bank reported a significant decline in quarterly profit, with a 53% year-on-year drop to Rs6.16 billion, trans...

Karachi: The stock market experienced notable volatility this week, influenced by geopolitical tensions and economic developments. Despite an initial decline due to border tensions with Afghanistan, the market rebounded sharply by 4,900 points in the ...

KARACHI: Engro Polymer and Chemicals Limited (EPCL) held its analyst briefing today, presenting an overview of its financial performance for the first nine months of the calendar year 2025. The company reported a net loss of PkR3.5 billion, a signific...

KARACHI: The State Bank of Pakistan released updated figures for the weighted average customer exchange rates, reflecting a period of relative stabilization amid ongoing market fluctuations. The report from the Domestic Markets and Monetary Management...

KARACHI: The cement sector in Pakistan experienced significant growth in the first quarter of fiscal year 2026, as reported by a sample of eight companies. The sector saw a substantial 56% year-on-year increase in standalone earnings, driven by a 17% ...

Karachi: Thatta Cement Company Ltd (THCCL) presented its financial performance for FY25 and the first quarter of FY26, showcasing a notable increase in earnings per share driven by enhanced income from its power subsidiary. The company reported a stan...

Karachi: The Exchange Companies Association of Pakistan (ECAP) released the closing exchange rates for the open market as of October 31, 2025, indicating varied trends in major foreign currencies against the Pakistani rupee. The US dollar was record...