Business News

Lahore: Nishat Mills Limited (NML) held a corporate briefing session to discuss its fiscal year 2024 financial results and outline future strategies amidst challenging market conditions. The company reported a 48% decline in net profit after tax (NPAT...

The post Nishat Mills Limited Reports 48% Decline in Profits, Plans Strategic Investments appeared first on Pakistan Business News.

Karachi: The Government of Pakistan has announced the 16th issuance of its IJARAH SUKUK, set to take place on December 3, 2024, via the Pakistan Stock Exchange (PSX). This initiative will be executed in collaboration with the National Clearing Company...

The post Pakistan to Conduct 16th IJARAH SUKUK Auction in December through PSX appeared first on Pakistan Business News.

Lahore: Pioneer Cement Limited (PIOC) held a corporate briefing session to discuss its financial results for FY24 and the first quarter of FY25, highlighting its commitment to debt reduction and cost efficiencies. The company reported a 92% year-on-ye...

The post Pioneer Cement Focuses on Debt Reduction and Cost Efficiencies Amid Strong Earnings Growth appeared first on Pakistan Business News.

Lahore: Panther Tyres Ltd. (PTL) held its corporate briefing, revealing a significant 38% year-over-year increase in its FY24 revenue, reaching PkR29.5 billion compared to PkR21.4 billion in FY23. The company attributed this growth to increased volume...

The post Panther Tyres Ltd. Reports 38% Increase in FY24 Revenue Amid Volumetric Growth appeared first on Pakistan Business News.

Lahore: Ferozsons Laboratories Limited (FEROZ) experienced a substantial 28% increase in revenue for the fiscal year 2024, reaching PkR12.7 billion compared to PkR9.9 billion in the previous fiscal year. This growth was driven by a 20% rise in volume ...

The post Ferozsons Laboratories Reports 28% Revenue Increase in FY24, Faces Decline in 1QFY25 Earnings appeared first on Pakistan Business News.

Karachi: BF Biosciences Limited (BFBIO) announced a significant 102% growth in its FY24 revenue, reaching PkR3.7 billion compared to PkR1.8 billion in FY23. This growth was attributed to an 84% increase in volumes and an 18% rise in prices, with Antif...

The post BF Biosciences Limited Reports 102% Growth in Annual Revenue Amidst Strategic Expansions appeared first on Pakistan Business News.

Karachi: Currency exchange rates in Pakistan experienced slight changes between November 26 and November 27, 2024, with minor fluctuations observed in the buying and selling rates of major foreign currencies.

According to Exchange Companies Associa...

The post Currency Exchange Rates Show Slight Fluctuations in Major Currencies appeared first on Pakistan Business News.