Business News

Karachi: The third-quarter earnings forecasts for Mughal Iron and Steel Ltd. (MUGHAL) and Amreli Steels Ltd. (ASTL) indicate a challenging period for Pakistan's long steel sector, as both companies grapple with subdued profitability due to persistent ...

Karachi: The Exchange Companies Association of Pakistan announced new currency exchange rates on Tuesday. According to the latest figures, the US Dollar is being bought at 281.31 and sold at 282.87 in the open market. The Euro is being bought at 319...

Karachi: The Overseas Investors Chamber of Commerce and Industry (OICCI) has unveiled a series of tax reform recommendations for the Federal Budget 2025-26, aiming to increase Pakistan's tax-to-GDP ratio to 14 percent from its current rate of less tha...

Karachi: Cherat Cement Company Ltd. (CHCC) reported a significant boost in its third-quarter earnings for the fiscal year 2025, surpassing market expectations due to improved gross margins. The company recorded a profit of PkR1.7 billion, marking a 35...

Karachi: Pakistan State Oil Ltd. (PSO) reported a 28% year-on-year decline in its third-quarter earnings, posting a profit after tax of PkR4.1 billion. The company's earnings per share stood at PkR8.71, which came in slightly below analysts' expectati...

Karachi: Systems Limited, a prominent player in the information technology sector, reported a significant 59% increase in its first-quarter earnings for calendar year 2025. The company announced a profit after tax of PkR2.5 billion, or earnings per sh...

Lahore: Interloop Ltd. (ILP) is set to announce its financial results for the third quarter of fiscal year 2025 on April 29, 2025. Analysts expect the company to report earnings per share of Rs1.25, marking a significant year-over-year decline of 58% ...