Business News

Karachi: The United Business Group (UBG) has extended its congratulations to the Government of Pakistan for the successful hosting of the Shanghai Cooperation Organization (SCO) summit in Islamabad, which saw participation from heads of state from seve...

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Karachi: In response to the escalating viral and epidemic diseases in Karachi and the broader Sindh region, the President of the Karachi Chamber of Commerce and Industry (KCCI), Muhammad Jawed Bilwani, has formally requested the Sindh Chief Minister,...

The post Karachi Chamber of Commerce Urges Expansion of Hospital Emergency Capacities Amid Disease Outbreaks appeared first on Pakistan Business News.

Peshawar: The Defence Housing Authority Peshawar (DHAP) has announced new construction incentives for plot owners in Sector G and Prism, effective until December 31. This initiative aims to encourage prompt construction and enhance the overall develop...

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Karachi: Air Link Communication Ltd. (AIRLINK) showcased a significant rise in annual revenue to PkR130 billion for FY24, a substantial increase from the previous year’s PkR37 billion, attributed to the lifting of import restrictions. The company also...

The post Air Link Communication Announces Robust FY24 Performance and New Manufacturing Initiatives appeared first on Pakistan Business News.

Karachi: The banking sector in Pakistan is expected to announce an increase in third-quarter profits for 2024, with estimates projecting a 3% year-on-year rise to PKR 94.4 billion. This increase is largely attributed to strong non-core income, which i...

The post Pakistani Banks Set to Report Solid Third Quarter Earnings, Supported by Non-Core Income Growth appeared first on Pakistan Business News.

Karachi: Engro Fertilizer Limited (EFERT) has reported an 11% year-on-year decline in its profits for the third quarter of 2024, with significant impacts from lower sales volumes and increased financial charges. The company announced earnings of PkR 8...

The post Engro Fertilizer Reports Decline in Q3 Profits, Eyes Recovery Amid Market Challenges appeared first on Pakistan Business News.

Karachi: The latest currency exchange rates issued by the Exchange Companies Association of Pakistan show minor fluctuations in the buying and selling prices for major currencies such as the USD, Euro, and GBP between October 16 and 17, 2024.

Accord...

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