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Karachi: Matco Foods Ltd. (MFL) presented its financial results for the fiscal year 2025 in a corporate briefing, revealing a decline in revenue but a return to profitability. The company's topline reached PkR26.7 billion, a decrease of 3.8% from the ...
Read More »Millat Tractors Faces Revenue Drop Amid Challenging Market Conditions
Lahore: Millat Tractors Ltd. (MTL), a prominent player in the agricultural machinery sector, reported a significant decline in its financial performance for the fiscal year 2025. The company announced a 43% decrease in revenue, attributing this downtu...
Read More »SGF Reports Mixed Earnings Amid Competitive Challenges
Karachi: SGF recently held an analyst briefing to discuss its financial performance in CY24 and the first nine months of CY25. The company reported a 6% decline in unconsolidated earnings for CY24, amounting to PkR1.1 billion compared to PkR1.2 billio...
Read More »Standard Chartered and IFC Launch $400 Million Facility to Boost Trade Finance in Pakistan
KARACHI: Standard Chartered Bank Pakistan and IFC, a member of the World Bank Group, have jointly announced a $400 million Risk-Participation Facility aimed at enhancing short-term trade and working capital for major local corporations and exporters i...
Read More »Market Decline as KSE Indices Fall, Market Capitalization Shrinks
Karachi: The Pakistan Stock Exchange (PSX) experienced a downturn as both the KSE30 and KSE100 indices saw declines, with a drop of 269.99 points and 752.06 points, respectively. The market capitalization also witnessed a decrease of 0.40%. The KSE1...
Read More »AI-Driven Fraud Tops Risk List in Asia-Pacific as Technological Change Accelerates
Karachi: Organizations across the Asia-Pacific region are grappling with an increasingly complex fraud landscape, dominated by procurement fraud and bribery, as detailed in a new report by the Association of Chartered Certified Accountants (ACCA). Hei...
Read More »Pakistan International Bulk Terminal Limited Secures Key Role in Reko Diq Mining Exports
Karachi: Pakistan International Bulk Terminal Limited (PIBTL) has been selected by Reko Diq Mining Company as the preferred export terminal for its copper and gold concentrates. This strategic development marks a significant milestone for PIBTL, which...
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