Business News

Lahore: MCB Limited presented its financial results for the first nine months of 2024, detailing a 9.8% year-over-year increase in profits to PkR48.6 billion. This growth was driven primarily by a rise in Net Mark-up Income and Non-Interest Income, de...

The post MCB Bank Reports 9.8% Profit Growth Amid Rising Non-Interest Income and Deposit Milestones appeared first on Pakistan Business News.

Karachi: Amid expectations of significant monetary easing, Pakistan's financial markets are bracing for a potentially substantial policy rate cut in the upcoming Monetary Policy Statement (MPS) in November. Market surveys and high-net-worth client fee...

The post Substantial Policy Rate Cut Anticipated in Pakistan’s Upcoming Monetary Policy Statement appeared first on Pakistan Business News.

Islamabad: Pakistan has recorded its first quarterly budget surplus in 20 years, with a total of PkR1.7 trillion during the first quarter of fiscal year 2025. This marks a significant financial milestone, contrasting sharply with a deficit of PkR980 b...

The post Pakistan Marks Historic Budget Surplus, First in Two Decades appeared first on Pakistan Business News.

Islamabad: Pakistan has recorded its first quarterly budget surplus in 20 years, with a total of PkR1.7 trillion during the first quarter of fiscal year 2025. This marks a significant financial milestone, contrasting sharply with a deficit of PkR980 b...

The post Pakistan Marks Historic Budget Surplus, First in Two Decades appeared first on Pakistan Business News.

Karachi: Wafi Energy Holding Limited has become the majority shareholder of Shell Pakistan Limited (SPL) after acquiring a 77.42% interest from The Shell Petroleum Company Limited, a subsidiary of Shell plc. This significant transaction raises Wafi En...

The post Wafi Energy Acquires Majority Stake in Shell Pakistan appeared first on Pakistan Business News.

Karachi: Wafi Energy Holding Limited has become the majority shareholder of Shell Pakistan Limited (SPL) after acquiring a 77.42% interest from The Shell Petroleum Company Limited, a subsidiary of Shell plc. This significant transaction raises Wafi En...

The post Wafi Energy Acquires Majority Stake in Shell Pakistan appeared first on Pakistan Business News.

Karachi: The Exchange Companies Association of Pakistan reported stable currency exchange rates over the course of two consecutive days, with minor fluctuations observed across major currencies including the USD, EURO, GBP, and others.

According to ...

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