Business News

Karachi, Starting January 1, 2024, Pakistani banks will begin reporting under the new International Financial Reporting Standard (IFRS) 9, a major shift from the current IAS 39 standards that govern financial instruments. This change, anticipated with...

The post Pakistani Banks to Implement IFRS 9 Standards Starting January 2024 appeared first on Pakistan Business News.

Lahore, VIS Credit Rating Company has reaffirmed the entity ratings of Zephyr Power Limited (ZPL) at ‘A+/A-1’ for medium to long-term and short-term credit quality, respectively. The ratings reflect the company's robust financial health and stable eco...

The post VIS Credit Rating Reaffirms ‘A+/A-1’ Ratings for Zephyr Power Limited with Stable Outlook appeared first on Pakistan Business News.

Karachi, The latest financial forecasts for key players in Pakistan's cement industry suggest varied performance in the upcoming quarterly earnings reports. Fauji Cement Company Limited (FCCL), D.G. Khan Cement Company Limited (DGKC), and Cherat Cemen...

The post Cement Companies’ Earnings Outlook Mixed in Upcoming Quarterly Results appeared first on Pakistan Business News.

Islamabad, Pakistan Telecommunication Company Limited (PTCL), the nation's top telecom and ICT service provider, has reported a 14% year-over-year revenue increase for the first quarter of 2024. Despite a net loss, the group has seen robust growth in ...

The post PTCL Group Reports 14% Revenue Growth in Q1 Amid Expanding Digital Services appeared first on Pakistan Business News.

Karachi, Zong Business, a major telecom operator in Pakistan, has announced a strategic partnership with China Gezhouba Construction Management Services (CGCMS) to bolster digital operations across China. The collaboration aims to provide CGCMS with r...

The post Zong Business Partners with China Gezhouba Construction Management Services to Enhance Digital Operations appeared first on Pakistan Business News.

Karachi, Spotify and Coke Studio Pakistan have announced their continued collaboration for the upcoming Season 15 of Coke Studio, aimed at promoting Pakistani music and artists globally. The partnership, now in its second year, features a new collectio...

The post Spotify and Coke Studio Pakistan Announce Continued Collaboration for Music Season 15 in Karachi appeared first on Pakistan Business News.

Karachi, Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has voiced strong opposition to the recent government decision to increase petroleum prices by 5% within a two-week period. This increase com...

The post FPCCI Criticizes Recent Increases in Petroleum Prices Despite Favorable Economic Indicators appeared first on Pakistan Business News.