Business News

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Kamal Limited at 'A/A1', indicating good credit quality and a strong likelihood of timely repayment of short-term obligations. The outlook for these ratings remains stable...

Toulouse: Saudia Group has finalized a significant agreement with Airbus to acquire up to 20 new A330neo wide-body aircraft, a move poised to enhance air connectivity and economic ties with Pakistan. The agreement includes 10 firm orders for flyadeal,...

Karachi: Daraz Pakistan has announced a strategic partnership with Unity Retail to streamline logistics operations for major brands across the nation. This collaboration marks a new chapter for Daraz as it extends its logistics services beyond its cor...

Karachi: The profitability of Pakistan's textile sector is anticipated to decline by 12% year-on-year in the third quarter of fiscal year 2025, according to a report by AKD Securities Limited. The decrease is primarily attributed to reduced gross marg...

Karachi: Habib Bank Limited (HBL) unveiled its financial performance for the first quarter of the calendar year 2025, showcasing a noteworthy profit increase driven by higher net interest income (NII). The bank reported a profit of PKR 16.6 billion, t...

KARACHI: Ethiopia's Ambassador to Pakistan, Dr. Jemal Beker Abdula, has announced an upcoming exhibition in Ethiopia that will showcase Pakistani products from May 15 to 17, 2025. The event is intended to open avenues for Pakistani goods in the broade...

Karachi: International Steel Ltd (ISL) reported a significant decline in its third-quarter earnings for fiscal year 2025, largely due to reduced flat steel prices and lower gross margins. The company announced a net profit after tax (NPAT) of PkR417 m...