Business

This category covers all news related Business & Finance

Meezan Bank Reports Strong Results Amid Cost Controls and Securities Gains

Karachi: Meezan Bank Ltd (MEBL) released its fourth quarter results for the calendar year 2024, reporting an unconsolidated net profit after tax of PKR 24.0 billion, or PKR 13.4 per share. This marks a decline of 9% year-over-year and 7% quarter-over-...

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PACRA Affirms Ahmed Fine Textile Mills’ Ratings Amid Strategic Expansion

Multan: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of Ahmed Fine Textile Mills Limited (AFTML) at 'A' for the long term and 'A1' for the short term, with a stable outlook. This rating affirmation underscores AF...

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Citi Pharma Limited’s Short-Term Sukuk Receives ‘A1’ Rating

Karachi: VIS Credit Rating Company Limited has finalized a short-term rating of 'A1' for the Short-Term Sukuk (STS) issuance of Rs. 1,500 million by Citi Pharma Limited. The rating suggests a strong likelihood of timely repayment of short-term obligat...

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Gold Prices Climb in Pakistan Amid International Market Surge

Karachi: Gold prices in Pakistan have seen a notable increase, with the rate for one tola of 24-karat gold reaching Rs. 304,000, marking a rise of Rs. 2,500 from previous rates. The surge in domestic prices coincides with an uptick in the internationa...

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Lucky Core Industries Reports 23% Earnings Growth Amid Sector Variances

Karachi: Lucky Core Industries Limited (LCI) reported a significant 23% year-over-year growth in its standalone earnings for the first half of the fiscal year 2025, reaching PkR6.2 billion. This increase, primarily attributed to reduced finance costs ...

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Aspin Pharma’s Short-Term Sukuk Receives ‘A1’ Rating from VIS

Karachi: VIS Credit Rating Company Limited has finalized the short-term rating of 'A1' for Aspin Pharma (Private) Limited's Short-Term Sukuk issue, amounting to Rs. 2,000 million. This rating indicates a strong likelihood of timely repayment of short-...

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