Business News

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has announced the continuation of its ratings for the University of Management and Technology (UMT), maintaining its long-term rating at A- and short-term rating at A2, with a stable outlook. T...

The post PACRA Reaffirms Ratings for University of Management and Technology appeared first on Pakistan Business News.

Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has reaffirmed the ratings for The Bank of Punjab's debt instrument TFC II, maintaining a long-term rating of AA with a stable outlook. The Bank's deposit base has shown significant growth, yet...

The post Bank of Punjab’s Ratings Affirmed Amid Strategic Growth appeared first on Pakistan Business News.

Lahore: The Pakistan Credit Rating Agency Limited has maintained the long-term rating of The Bank of Punjab at AA-, with a stable outlook, in its latest review of the bank’s Additional Tier 1 Capital Term Finance Certificates. The ratings, which refle...

The post The Bank of Punjab’s Ratings Affirmed by PACRA Amid Strategic Expansion appeared first on Pakistan Business News.

Karachi: D.G. Khan Cement Company Ltd (DGKC) is forecasted to benefit substantially from the ongoing monetary easing cycle, paving the way for improved financial metrics and an enhanced stock valuation by December 2025. Analysts have reiterated a 'Buy...

The post D.G. Khan Cement Positioned to Gain from Monetary Easing Cycle appeared first on Pakistan Business News.

KARACHI: Siemens (Pakistan) Engineering reported a significant loss of PkR2.0 billion for the fiscal year 2024, a stark contrast to the profit of PkR970.8 million recorded in FY23. Despite an increase in revenue, the company faced challenges that cont...

The post Siemens Pakistan Reports Annual Loss Despite Revenue Growth appeared first on Pakistan Business News.

Islamabad: Bank Alfalah has announced a significant collaboration with The Citizens Foundation (TCF) to support communities affected by the 2022 floods in Pakistan. The initiative, part of Bank Alfalah's Flood Relief Program, allocates an additional P...

The post Bank Alfalah Joins Forces with TCF to Rebuild Flood-Hit Areas appeared first on Pakistan Business News.

KARACHI: Pakistan State Oil (PSO) and Attock Petroleum Limited (APL) have projected notable financial outcomes for the second quarter of fiscal year 2025, with PSO anticipating a significant profit increase and APL expecting a marginal decline in prof...

The post PSO and APL Project Positive Financial Outcomes Amid Market Shifts appeared first on Pakistan Business News.