Business News

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.

Karachi: DG Khan Cement Company Ltd (DGKC) and Attock Cement Pakistan Limited (ACPL) are poised to reveal their financial outcomes for the first quarter of FY25, exhibiting varied performances influenced by market retention and volume dynamics. DGKC i...

The post DGKC and ACPL Anticipate Mixed 1QFY25 Results Amid Varying Market Dynamics appeared first on Pakistan Business News.

Karachi: Baluchistan Glass Ltd. (BGL) faced significant financial challenges in FY24, reporting a loss of PKR 508 million, a sharp increase from the previous year's PKR 135 million. The losses were primarily attributed to an extended eleven-month shut...

The post Baluchistan Glass Ltd. Reports FY24 Losses and Operational Challenges appeared first on Pakistan Business News.

Lahore: The Lahore Chamber of Commerce and Industry (LCCI) has publicly condemned the Federal Board of Revenue's (FBR) recent raids on local industrial units, criticizing the actions for causing significant disruptions and fostering a climate of fear a...

The post LCCI Criticizes FBR for Disruptive Raids on Lahore’s Industrial Units appeared first on Pakistan Business News.