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Karachi: Systems Limited (SYS) has reported a significant rise in its third-quarter earnings for 2025, with a consolidated profit after tax of Rs2.8 billion, equivalent to earnings per share (EPS) of Rs1.90. This marks a 28% increase compared to the s...
Read More »Pakistan’s Mobile Manufacturing Sees Significant Growth in September
Karachi: Local mobile phone manufacturing in Pakistan saw a substantial increase in September 2025, with a 55% month-on-month rise in production, according to the Pakistan Telecommunication Authority. The number of mobile units manufactured or assembl...
Read More »Currency Exchange Rates Adjust as Markets React to Economic Trends
Karachi: The Exchange Companies Association of Pakistan released the latest currency exchange rates, reflecting subtle shifts in the values of major international currencies against the Pakistani Rupee. These adjustments come amid ongoing economic dev...
Read More »FPCCI President Condemns State Bank’s Decision to Keep Interest Rate at 11%
Karachi: The President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Atif Ikram Sheikh, has voiced strong opposition to the State Bank of Pakistan's decision to maintain its policy interest rate at 11%. He labeled the move a...
Read More »Cherat Cement’s Profitability Declines Despite Revenue Growth
Karachi: Cherat Cement Company Ltd. (CHCC) has reported a 27 percent year-on-year decline in profitability for the first quarter of the fiscal year 2026, as per the company's financial results. The cement manufacturer registered a profit of PKR2.1 bil...
Read More »State Bank’s Rate Decision Faces Backlash From Industry Leader
KARACHI: The State Bank of Pakistan's recent decision to maintain the policy interest rate at 11 percent has drawn criticism from Muhammad Ikram Rajput, President of the Korangi Association of Trade and Industry (KATI). The rate, unchanged for the fou...
Read More »SBP Holds Steady on Policy Rate Amid Economic Optimism
Karachi: The State Bank of Pakistan (SBP) maintained its policy rate at 11.0%, citing an improved economic outlook and the ongoing effects of previous rate reductions. The decision was announced today during a post-monetary policy statement briefing b...
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