Karachi: VIS Credit Rating Company Limited (VIS) has confirmed the maturity of K-Electric Limited’s (KE) Short Term Sukuk (STS-26), valued at PKR 5 billion. The issuance of the sukuk took place on June 5, 2024, and it reached maturity on December 5, 2…
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Karachi: International Steels Ltd (ISL) announced a significant decline in its quarterly profit, with Profit after Tax (PAT) dropping by 71% year-on-year to PkR355 million (EPS: PkR0.82) for the second quarter of fiscal year 2025. The decline was prim…
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Karachi: Cherat Cement Company Ltd (CHCC) is expected to see a rise in earnings for the second quarter of the fiscal year 2025, while Lucky Cement Ltd (LUCK) is projected to experience a decline, according to recent forecasts.
According to a stateme…
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Karachi: The State Bank of Pakistan (SBP) has cut its policy rate by 100 basis points to 12%, signaling a cautious approach to monetary policy aimed at fostering sustainable economic growth. This decision comes alongside a revision of the inflation fo…
The post Pakistan to See Potential Drop in Interest Rates as Inflation Forecast Improves appeared first on Pakistan Business News.
Karachi: Vivo is set to launch its latest smartphone, the X200 Pro, in Pakistan, promising to bring revolutionary advancements to mobile photography. The device, a new member of Vivo’s X Series, boasts a 200MP ZEISS APO Telephoto Camera and features d…
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Karachi: A two-day Sustainable Tourism Forum, organized by the Islamic Chamber of Commerce and Industry, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), and the Pakistan Tourism Development Corporation, is scheduled for January 3…
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KARACHI: Pakistan’s Ambassador to Saudi Arabia, Ahmad Farooq, emphasized the critical importance of the next two years in enhancing Pakistan’s footprint in Saudi Arabia. As Saudi Arabia undergoes substantial economic transformation under Vision 2030, …
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Karachi: The currency exchange rates in Pakistan experienced minor fluctuations as the US Dollar, Euro, and other major currencies saw slight changes in buying and selling prices. The Exchange Companies Association of Pakistan reported these updates, …
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Karachi: Fauji Fertilizer Company Ltd (FFC) reported a significant rise in its fourth-quarter earnings for the calendar year 2024, driven primarily by its amalgamation with Fauji Fertilizer Bin Qasim Limited (FFBL), despite facing higher costs and imp…
The post Amalgamation Boosts Fauji Fertilizer’s Earnings Amid Increased Costs appeared first on Pakistan Business News.
New program helps AI-native startups build and scale with Zoom’s industry-leading speech, language, and voice AI Services, no equity stake required; applications open today SAN JOSE, Calif., Nov. 10, 2026 (GLOBE NEWSWIRE) — Zoom Communications, Inc. (NASDAQ: ZM) today announced AI Launchpad, a new grant program offering eligible startups up to $150,000 in Zoom AI […]
