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...

The post KOHC Reports 56% Increase in FY24 Profit Despite Sales Decline. appeared first on Pakistan Business News.

Karachi: The textile sector in Pakistan faced significant financial challenges in the first quarter of the fiscal year 2025, with a reported 72% year-on-year decline in profitability among a sample of eight key companies. Despite a 9% growth in toplin...

The post Pakistan Textile Sector Reports 72% Decline in Profitability for 1QFY25. appeared first on Pakistan Business News.

Lahore: DG Khan Cement Company Limited (DGKC) conducted its corporate briefing to discuss recent financial results and future outlook. To recall, DGKC reported a Fiscal Year 2024 Earnings Per Share (EPS) of Rs1.24, a significant improvement compared t...

The post DG Khan Cement Company Limited Explores Export Markets Amid Sluggish Local Demand. appeared first on Pakistan Business News.

Karachi: The Overseas Investors Chamber of Commerce and Industry (OICCI) underscored the essential role of public-private collaboration in tackling Pakistan's climate challenges at COP 29. The event featured a dialogue titled "Unlocking Pakistan's Cli...

The post OICCI Stresses Importance of Private Sector in Climate Resilience at COP 29. appeared first on Pakistan Business News.

Lahore: Mughal Iron & Steel Industries Limited, a significant entity in the steel sector, has been assigned initial ratings for its debt instruments by PACRA. The long-term rating stands at A+, while the short-term rating is A1, with a stable outl...

The post PACRA Assigns Initial Ratings to Mughal Iron & Steel Industries Limited. appeared first on Pakistan Business News.

Karachi: PACRA has announced that it will maintain the A+ long-term and A1 short-term entity ratings for Sapphire Fibres Limited (SFL), citing the company's stable outlook. The decision highlights the company's robust standing within the Sapphire Grou...

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