Business News

Karachi: Saudia Airlines has announced its receipt of the Editorial Award for 'Best Airline Cabin Crew' at the Business Traveler U.S. Awards 2024, held in Miami, USA. This marks the inaugural presentation of the award, underscoring the significance of...

The post Saudia Airlines Recognized for Excellence in Cabin Crew Service appeared first on Pakistan Business News.

Karachi: Recent data released by the Exchange Companies Association of Pakistan indicates fluctuations in currency exchange rates over a two-day period. The data shows changes in the buying and selling rates for major currencies, including the US Doll...

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

Karachi: LOTCHEM, the sole producer of Purified Terephthalic Acid (PTA) in Pakistan, announced a significant rise in its revenue by 43% for the first nine months of the calendar year 2024, reaching PkR88.9 billion compared to PkR62.1 billion in the sa...

The post LOTCHEM Reports 43% Increase in Revenue Despite Earnings Decline appeared first on Pakistan Business News.

Karachi: Urea sales are predicted to see a recovery in November 2024, reaching an estimated 649,000 tons, marking a 6% year-over-year increase and hitting an eight-month high. This projection comes despite a cumulative decline in overall urea off-take...

The post Urea Sales Forecasted to Rebound in November 2024 with Notable Growth for Key Companies appeared first on Pakistan Business News.

Karachi: Pak-Qatar Asset Management Company Limited (PQAMC) has announced reaching a significant milestone by surpassing PKR 50 billion in Assets Under Management (AUM) within its first two years of operations. This accomplishment places PQAMC among t...

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Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has affirmed its ratings for Ghulam Rasool & Company (Pvt.) Limited, maintaining both its long-term rating at A- and short-term rating at A2. The outlook has been upgraded from stable to po...

The post PACRA Maintains Positive Outlook on Ghulam Rasool & Company Amid Financial Growth appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has reaffirmed the REIT Management Company Management Quality Rating of Shields REIT Management Company Limited at 'AM4+ (RMC)'. This rating indicates that the asset manager exhibits adequate management chara...

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