Business News

Lahore: Fatima Fertilizer Company Ltd. (FATIMA) today announced its third quarter financial results for the year 2024, posting an 18% increase in consolidated earnings, despite a significant drop in sales volumes and revenues. The company recorded ear...

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Islamabad: The State Bank of Pakistan (SBP) is anticipated to implement a significant reduction in its policy rate by 200 basis points in the upcoming Monetary Policy Committee (MPC) meeting. This move is driven by a combination of higher real interes...

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Karachi: Pakistan State Oil (PSO) reported significant progress in revenue collection for the third consecutive quarter, with total trade receivables declining by PkR80 billion from December 2023’s peak of PkR548 billion. This reduction, driven by col...

The post PSO Reports Strong Revenue Collection, Boosting Liquidity and Reducing Obligations appeared first on Pakistan Business News.

Karachi: Financial professionals are preparing for a significant reduction in the Policy Rate in the upcoming November 4 Monetary Policy announcement, with a majority predicting a cut of at least 200 basis points. A substantial portion of experts anti...

The post Financial Experts Anticipate Aggressive Rate Cut in Upcoming Monetary Policy appeared first on Pakistan Business News.

Islamabad: Mari Petroleum Company Limited (MARI) reported its first quarter financial results for FY25, showing a Profit After Tax (PAT) of PkR19.2 billion, or an earnings per share (EPS) of PkR16.0. The company’s quarterly earnings remained largely f...

The post Mari Petroleum Posts Flat Earnings in First Quarter FY25 Amid Declining Sales and Increased Exploration Costs appeared first on Pakistan 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...

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