Business News

Karachi: Pakistan's banking sector has reached a new milestone, reporting record-high core income and bottom-line figures for the third quarter of the calendar year 2024. This marks a significant rebound following a brief pause in growth during the fi...

The post Pakistan Banking Sector Posts Record-High Income in Third Quarter appeared first on Pakistan Business News.

Karachi: KTML has reported a significant growth in earnings per share (EPS) of 76% year-over-year (YoY) for fiscal year 2024, driven by revenue increases in its spinning, weaving, and home textile segments, as well as stronger cement operations. Howev...

The post KTML Reports Mixed Earnings Amid Competitive Pressures and Operational Shifts appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Malir Expressway Limited (MEL) at 'A-/A2'.

According to VIS Credit Rating Company Limited, the medium to long-term rating of 'A-' signifies good credit quality with ade...

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KARACHI: Ambassador of Tajikistan Sharifzoda Yusuf has emphasized the importance of restoring Karachi's former stature as a thriving and secure destination for foreign tourists. During a meeting at the Karachi Chamber of Commerce and Industry (KCCI), ...

The post Tajik Envoy Highlights Karachi’s Potential for Reviving Tourism and Trade appeared first on Pakistan Business News.

Karachi: AGP Ltd has been reinstated with a buy rating and a target price of Rs220 per share, indicating a 48% potential upside from current levels. The optimism is fueled by AGP's strong growth trajectory, cost optimization strategies, and favorable ...

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Karachi: Foreign currency exchange rates in Pakistan experienced minor fluctuations over a 24-hour period, reflecting changes in the buying and selling values of several major currencies. The Exchange Companies Association of Pakistan reported these s...

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

Karachi: FrieslandCampina Engro Pakistan Limited has announced a partnership with Reon Energy to implement a 3.4 MW solar power project at its manufacturing facility in Sahiwal. The initiative aims to generate 5,013.6 MWh of clean energy annually, red...

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