Business News

Karachi: The currency exchange rates in Pakistan experienced slight changes over a two-day period, with minor fluctuations observed across various foreign currencies. The buying and selling rates for the US dollar, Euro, British pound, Japanese yen, U...

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

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings for Nishat Chunian Power Limited at 'A+/A2'.

According to VIS, the medium to long-term rating of 'A+' reflects good credit quality, with adequate protection factors, while...

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Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of DIC Pakistan Limited, reflecting the company's strong market position and financial stability. The ratings, which remain AA- for long-term and A1 for short...

The post DIC Pakistan’s Ratings Maintained by PACRA Amid Financial Growth and Increased Leverage appeared first on Pakistan Business News.

Karachi: Unity Foods Limited (UNITY) has reported a net loss of Rs3.4 billion for the fiscal year 2024, primarily attributed to a significant decline in the sales of edible oil and its derivatives. The company's financial performance was further impac...

The post Unity Foods Limited Reports FY24 Net Loss Amid Drop in Edible Oil Sales appeared first on Pakistan Business News.

Karachi: Macter International held a corporate briefing to discuss its financial results for FY24, reporting a 13% increase in revenue to PkR7.5 billion, up from PkR6.7 billion in FY23. This growth was primarily attributed to price adjustments followi...

The post Macter International Reports 13% Revenue Growth for FY24 Amid Strategic Product Launches appeared first on Pakistan Business News.

Karachi: Pak-Qatar Group and ILMA University have entered into a strategic partnership aimed at enhancing the talent pool within Pakistan's Islamic finance industry. The agreement, formalized through a Memorandum of Understanding (MoU), seeks to lever...

The post Pak-Qatar Group and ILMA University Forge Partnership to Bolster Islamic Finance Sector appeared first on Pakistan Business News.

Karachi: Unity Foods Ltd. conducted its FY24 analyst briefing, unveiling key financial results and future strategies. The company reported a 17.6% decline in revenue to PkR83.0 billion, attributed to falling local edible oil prices. Unity Foods also f...

The post Unity Foods Faces Decline in Revenue and Profit Amid Strategic Diversification Efforts appeared first on Pakistan Business News.