Business News

Karachi: The Pakistan Banks Association (PBA) has announced the launch of the Pakistan Banking Summit 2025 (PBS'25), a significant industry-led event scheduled for February 24 and 25, 2025, in Karachi. The summit is expected to gather over 1,000 repre...

The post Pakistan Banking Summit 2025: A Major Step Toward Financial Innovation appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has announced an upgrade in the short-term entity rating of Sazgar Engineering Works Limited, elevating it from 'A/A2' to 'A/A1'. The upgrade signals a strong likelihood of timely repayment for short-term obl...

The post VIS Upgrades Sazgar Engineering Short-Term Rating to ‘A/A1’ appeared first on Pakistan Business News.

Karachi: The upcoming fourth-quarter financial results for Pakistan's banks are anticipated to show a year-over-year decrease in core income, primarily due to a contraction in net interest margins (NIMs) and increased taxation. This is expected to ove...

The post Banks’ Core Income Faces Decline in Fourth Quarter appeared first on Pakistan Business News.

Karachi: The Exchange Companies Association of Pakistan released new currency exchange rates on Tuesday, detailing adjustments in the valuation of several major currencies against the Pakistani Rupee.

According to a statement by Exchange Companies A...

The post Currency Exchange Rates Adjust in Pakistan appeared first on Pakistan Business News.

Karachi: Engro Polymer and Chemicals Ltd. (EPCL) has unveiled its financial results for the fourth quarter of the calendar year 2024, reporting consolidated earnings of PkR2.1 billion, a 40 percent year-on-year decrease from the same period last year....

The post Engro Polymer Reports 40% Decline in 4QCY24 Earnings Amid Tax Reversal and Margin Improvements appeared first on Pakistan Business News.

Karachi: Pakistan's auto industry experienced a notable increase in sales in January 2025, with total industry volumes rising by 31% compared to the same period last year. The surge was primarily driven by a significant 52% increase in passenger car a...

The post Auto Sales Surge in Pakistan as New Year Drives Demand appeared first on Pakistan Business News.

Karachi: The Korangi Association of Trade and Industry (KATI) and the Sindh Technical Education and Vocational Training Authority (STEVTA) have reached an agreement to strengthen their collaboration to develop a skilled workforce in partnership with t...

The post KATI and STEVTA Forge Alliance to Boost Vocational Training appeared first on Pakistan Business News.