Business News

Karachi: VIS Credit Rating Company Limited has reaffirmed the medium to long-term Sukuk ratings of Sitara Chemical Industries Limited (SCIL) at 'AA-' (Double A Minus). This rating indicates high credit quality with strong protection factors, though ri...

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...

Karachi: The Korangi Association of Trade and Industry (KATI) has expressed optimism about Prime Minister Shehbaz Sharif's official visit to Turkiye. Junaid Naqi, the president of KATI, described the visit as a significant step toward enhancing econom...

Lahore: The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) hosted a visit from Prof. Dr. Alaa Garad, Pro Vice Chancellor of Scotland's Al-Maktoum College of Higher Education, who unveiled a trilateral partnership framework dubbed the "...

Karachi: Systems Limited is poised to report a significant increase in net profit after tax (NPAT) for the first quarter of the calendar year 2025, according to a recent analysis by AKD Securities Limited. The company is expected to achieve an NPAT of...

Karachi: The State Bank of Pakistan released the latest exchange rates for major currencies, reflecting the weighted average customer buying and selling rates as of April 24, 2025. The report provides insights into the local currency market dynamics a...

Karachi: Engro Polymer and Chemicals Limited (EPCL) presented its financial results for the first quarter of the calendar year 2025, revealing a loss of PkR825 million. This figure, though improved from the previous year's loss of PkR901 million, high...