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: Pakistan's remittance inflows witnessed a significant boost in January 2025, reaching $3 billion, marking a 25% year-on-year increase. Over the cumulative period of the first seven months of fiscal year 2025, overseas Pakistanis remitted $20....

The post Pakistan’s Remittance Inflows Surge by 25% in January appeared first on Pakistan Business News.

Karachi: Lucky Electric Power Company Limited (LEPCL) has been assigned a preliminary 'AA' long-term rating and an 'A1+' short-term rating for its new PKR 6 billion debt instrument, PPSTS-21, by The Pakistan Credit Rating Agency Limited (PACRA). The r...

The post Lucky Electric Power Company Secures ‘AA’ Rating for New Debt Instrument 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.