Business News

Karachi: Pakistan's banking sector has reported record-high core income and bottom-line figures for the third quarter of the calendar year 2024, marking a robust rebound following a brief slowdown in the first quarter. This resurgence comes after a pe...

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

Islamabad: The Asian Development Bank (ADB) has initiated a series of projects in Pakistan aimed at reducing greenhouse gas emissions, beginning with a pilot project in Punjab's Sheikhupura and Okara districts. The pilot focuses on enhancing water pro...

The post ADB Partners with Pakistan to Reduce Greenhouse Gas Emissions Through Rice Farming Initiatives appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has reaffirmed the 'A+' (Single A Plus) rating with a 'Stable' outlook for Mughal Iron & Steel Industries Limited's Sukuk I issue. This rating signifies good credit quality with adequate protection factor...

The post VIS Reaffirms ‘A+’ Rating for Mughal Iron & Steel’s Sukuk I Issue appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Sachal Engineering Works (Pvt.) Limited (SEWL) at 'A-/A2'. The medium to long-term rating of 'A-' reflects good credit quality with adequate protection factors, whil...

The post VIS Reaffirms Ratings for Sachal Engineering Works appeared first on Pakistan Business News.

Karachi: Currency exchange rates have experienced minor fluctuations across several major currencies, The data provides current buying and selling rates, reflecting subtle changes in the values of the U.S. Dollar, Euro, British Pound, Japanese Yen, Un...

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

Karachi: Urea offtakes in Pakistan have declined amid worsening farmer incomes, while diammonium phosphate (DAP) sales have surged by 95% year-over-year, driven by the start of the Rabi season. This development is expected to alleviate inventory press...

The post Rabi Season Spurs DAP Sales Surge, Eases Fertilizer Inventory Levels appeared first on Pakistan Business News.

Islamabad: Large Scale Manufacturing (LSM) in Pakistan recorded a 1.9% year-over-year decrease in September 2024, marking the second consecutive month of negative growth following a year-over-year increase in July 2024.

According to JS Global, desp...

The post Pakistan’s Large Scale Manufacturing Declines, Easing Measures Offer Hope appeared first on Pakistan Business News.