Business News

Bugti: Oil and Gas Development Company Limited (OGDCL) has announced the commencement of production from the Uch-35 development well. Utilizing the company's in-house expertise, the well was drilled to a depth of 1,345 meters, targeting the hydrocarbo...

The post OGDCL Commences Production from Uch-35 Development Well. appeared first on Pakistan Business News.

Karachi: In the first nine months of calendar year 2024, FFL reported a net revenue of PkR17.8 billion, marking a 20% year-on-year increase from PkR14.8 billion in the same period last year. This growth was primarily driven by an increase in ultra-hig...

The post FFL Reports Robust Growth in 9MCY24 with Strategic Expansion Plans. appeared first on Pakistan Business News.

Karachi: Macpac Films Ltd (MACFL) recently held a corporate briefing to discuss its first quarter financial results for fiscal year 2025 and future outlook. MACFL reported an earnings per share (EPS) of Rs0.13 for 1QFY25, a significant drop from the E...

The post Macpac Films Ltd Reports Decline in Profitability Amid Rising Costs. appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Golden Harvest Foods (Private) Limited (GHFL) at 'BBB+/A2' (Triple B Plus/A Two). The medium to long-term entity rating of 'BBB+' reflects adequate credit quality, w...

The post VIS Reaffirms Entity Ratings of Golden Harvest Foods (Private) Limited at ‘BBB+/A2’. appeared first on Pakistan Business News.

Islamabad: Chinese Ambassador Jiang Zaidong recently announced that the China-Pakistan Economic Corridor (CPEC) has brought USD 25.4 billion in direct investment to Pakistan.

According to Zameen.Com, the Corridor has successfully generated 236,000 ...

The post CPEC Infuses USD 25.4 Billion into Pakistan’s Economy. appeared first on Pakistan Business News.

Karachi: DG Khan Cement Company Limited (DGKC) has announced a significant turnaround in its financial performance for the fiscal year 2024, reporting a profit of PKR 542 million (Earnings Per Share: 1.24) in contrast to a loss of PKR 3.6 billion (Los...

The post DGKC Reports Profit Turnaround in FY24 Amid Increased Sales and Strategic Export Focus. appeared first on Pakistan Business News.

Lahore: KOHC has reported a significant increase in profit for the fiscal year 2024, with earnings reaching PkR8.9bn, marking a 56% rise compared to the PkR5.8bn reported in FY23. This growth is attributed to a surge in other income and improved reten...

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