Business

Lahore: MCB Bank Limited announced a profit before tax of Rs. 58.06 billion for the first half of 2025, as the Board of Directors declared a second interim cash dividend of 90%, according to a press release issued on Thursday. This brings the total ca...

Karachi: The Exchange Companies Association of Pakistan released the latest foreign currency exchange rates on Wednesday, showing moderate fluctuations in the interbank and open markets. In the interbank market, the U.S. dollar was reported at 282.6...

Karachi: Allied Bank has launched an upgraded immersive banking experience in the Metaverse, marking a significant advancement in digital banking within Pakistan and beyond. This new platform offers an enhanced, interactive 3D virtual space, enabling ...

Karachi: In a groundbreaking study conducted by the Lahore University of Management Sciences (LUMS), foodpanda, Pakistan's premier online delivery platform, is projected to contribute $1.2 billion (PKR 335 billion) to the country's economy in the fisc...

Karachi: Fauji Fertilizer Company Ltd. (FFC) announced its financial results for the first half of the calendar year 2025, showcasing a significant increase in earnings despite a decline in urea sales. The company revealed a profit of PkR38.5 billion,...

Karachi: MCB Bank Limited reported its second-quarter financial results for the calendar year 2025, revealing a decline in net profit due to increased administrative expenses. The bank posted a net profit after tax of PKR 13.5 billion for the quarter,...

Karachi: Pakistan's cement industry is witnessing a significant boost as fiscal year 2026 begins, with cement offtakes showing a substantial increase. According to a report from AKD Securities Limited, cement offtakes grew by 30 percent year-over-year...