General Business News

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has assigned a preliminary debt instrument rating to Nishat Mills Limited (NML) for its PKR 7 billion privately placed term sukuk (PPSTS). NML, a major player in Pakistan's textile sector and t...

Guangzhou: TCL has unveiled its latest air conditioning technologies, including the VoxIN JetMax and SaveIN Series, at the Middle East and Africa Air Conference 2025 in Guangzhou, China. The event highlighted the company's commitment to integrating in...

Karachi: Allied Bank Ltd (ABL) conducted its analyst briefing, revealing a 28% year-on-year decrease in standalone net profit after tax (NPAT) for the first nine months of the calendar year 2025. The bank attributed this reduction to a decline in net ...

Karachi: The Pakistan Telecommunication Authority (PTA) reported a notable increase in local mobile phone manufacturing and assembly, with 3.01 million units produced in September 2025. This marks a 40% year-over-year and 55% month-over-month growth. ...

Karachi: Gharibwal Cement Ltd (GWLC) reported a 27 percent increase in earnings for the fiscal year 2025, reaching PkR2.2 billion, up from PkR1.7 billion the previous year. This growth was attributed to improved margins and a 2 percent rise in sales v...

Karachi: The Pakistan Credit Rating Agency Limited has reaffirmed the asset manager rating of ABL Asset Management Company Limited, highlighting the company's experienced management team, robust risk management framework, and significant digital advan...

Karachi: IPAK Group's financial performance for the first quarter of the fiscal year 2026 showcases significant growth, with a sevenfold increase in net profit and a 33% rise in consolidated sales, highlighting the company's strong market position and...