Business News

Karachi: The currency exchange rates in Pakistan experienced minor fluctuations as the US Dollar, Euro, and other major currencies saw slight changes in buying and selling prices. The Exchange Companies Association of Pakistan reported these updates, ...

The post Currency Exchange Rates Show Slight Fluctuations Amid Global Market Trends appeared first on Pakistan Business News.

Karachi: Fauji Fertilizer Company Ltd (FFC) reported a significant rise in its fourth-quarter earnings for the calendar year 2024, driven primarily by its amalgamation with Fauji Fertilizer Bin Qasim Limited (FFBL), despite facing higher costs and imp...

The post Amalgamation Boosts Fauji Fertilizer’s Earnings Amid Increased Costs appeared first on Pakistan Business News.

Lausanne: Tetra Pak has been awarded the Environmental Initiatives Award at the 2025 SEAL Business Sustainability Awards for its Approach to Nature framework. This recognition highlights the company's efforts to guide and collaborate with partners thr...

The post Tetra Pak Honored at SEAL Business Sustainability Awards for Environmental Framework appeared first on Pakistan Business News.

KARACHI: HBL Microfinance Bank has announced the appointment of Maya Inayat Ismail as the new Chairperson of its Board of Directors, succeeding Rayomond H. Kotwal. The transition marks a significant milestone as Ismail becomes the first woman to lead ...

The post HBL Microfinance Bank Appoints First Woman Chairperson appeared first on Pakistan Business News.

Karachi: International Steels Ltd (ISL) announced a significant decline in its quarterly profit, with Profit after Tax (PAT) dropping by 71% year-on-year to PkR355 million (EPS: PkR0.82) for the second quarter of fiscal year 2025. The decline was prim...

The post International Steels Ltd Reports 71% Decline in Quarterly Profit Amid Lower Steel Prices appeared first on Pakistan Business News.

Karachi: Cherat Cement Company Ltd (CHCC) is expected to see a rise in earnings for the second quarter of the fiscal year 2025, while Lucky Cement Ltd (LUCK) is projected to experience a decline, according to recent forecasts.

According to a stateme...

The post Cherat and Lucky Cement Earnings Predictions Highlight Mixed Outcomes appeared first on Pakistan Business News.

Karachi: The State Bank of Pakistan (SBP) has cut its policy rate by 100 basis points to 12%, signaling a cautious approach to monetary policy aimed at fostering sustainable economic growth. This decision comes alongside a revision of the inflation fo...

The post Pakistan to See Potential Drop in Interest Rates as Inflation Forecast Improves appeared first on Pakistan Business News.