Business News

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Big Bird Foods Ltd. Increases Revenues and Expands Production Capacity

Karachi: Big Bird Foods Ltd. (BBFL) reported a significant rise in its revenues and outlined its strategic plans for future expansion during its analyst briefing for the first half of fiscal year 2025. The company achieved a topline of PKR 4.8 billion...

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Big Bird Foods Ltd. Increases Revenues and Expands Production Capacity

Karachi: Big Bird Foods Ltd. (BBFL) reported a significant rise in its revenues and outlined its strategic plans for future expansion during its analyst briefing for the first half of fiscal year 2025. The company achieved a topline of PKR 4.8 billion...

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Pakistan’s Manufacturing Sector Faces Continued Decline

Islamabad: The Pakistan Bureau of Statistics (PBS) has reported a 3.7% year-on-year decrease in Large Scale Manufacturing (LSM) for December 2024, marking the third consecutive year of negative growth in the first half of the fiscal year.

According...

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Trade Bodies Protest Government Decision to Hold Early Elections

Karachi: The Chairman of the All Pakistan Motorcycle Spare Parts Importers and Dealers Association (AP MASPDA), Sohail Osman, voiced his concerns regarding the federal government's decision to conduct new elections for trade bodies in 2025.

Accordi...

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Wafi Energy Pakistan Reports 2024 Profit Amid Name Change and Strategic Growth

Karachi: Wafi Energy Pakistan Limited, formerly known as Shell Pakistan Limited, has announced its financial results for the year ending December 31, 2024. The company reported a profit after tax of PKR 3.3 billion, a decrease from the PKR 5.8 billion...

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Gold Prices Surge in Pakistan as International Market Influences Rates

Karachi: Gold prices in Pakistan have increased significantly, with domestic rates mirroring the rise in international markets. The price of gold per tola reached Rs. 303,200, marking an increase of Rs. 1,700, while the price for 10 grams of 24 Kt gol...

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IFC to Invest $2 Billion Annually in Pakistan Infrastructure

Karachi: In a significant boost to Pakistan's economy, the International Finance Corporation (IFC) has announced plans to invest $2 billion annually in the country's infrastructure and key sectors. The announcement comes amid a flurry of economic deve...

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