Islamabad: Allied Bank has been recognized by UnionPay International (UPI) with an award for the highest co-badged debit card issuance. This accolade highlights the bank's significant role in advancing digital payment solutions within Pakistan. The...
Read More »Interloop Ltd. Reports Substantial Profit Decline Amid Margin Squeeze and Tax Changes
Lahore: Interloop Ltd. (ILP) has released its financial results for the third quarter of fiscal year 2025, highlighting a significant drop in profitability. The company reported earnings of PkR1.3 billion, or PkR0.95 per share, marking a 68% decrease ...
Read More »JS Bank Announces PKR 2.74 Billion Profit Before Tax for First Quarter 2025
Karachi: JS Bank has reported a profit before tax of PKR 2.74 billion for the first quarter ending March 31, 2025. The bank's profit after tax was PKR 1.29 billion, with earnings per share recorded at PKR 0.63, a decrease from PKR 0.84 in the same per...
Read More »Burj Clean Energy Modaraba Receives Strong Initial Ratings from VIS
Karachi: VIS Credit Rating Company Limited has assigned initial entity ratings to Burj Clean Energy Modaraba (BCEM) of 'A/A1', indicating good credit quality and a strong likelihood of timely short-term obligation repayments. The outlook for these rat...
Read More »Fertilizer Slump Hits Engro Holdings’ Earnings, Dividend Omitted
Karachi: Engro Holdings Ltd. (ENGROH) has reported a significant decline in its first-quarter earnings for the calendar year 2025, with consolidated earnings falling to PKR 1.8 billion, or PKR 1.47 per share, compared to PKR 4.0 billion, or PKR 3.34 p...
Read More »Interloop Ltd. Prepares for Challenging Financial Announcement Amid Market Pressures
Lahore: Interloop Ltd. (ILP) is set to announce its financial results for the third quarter of fiscal year 2025 on April 29, 2025. Analysts expect the company to report earnings per share of Rs1.25, marking a significant year-over-year decline of 58% ...
Read More »Indus Motor Company Reports a 48% Surge in Profit Amid Rising Sales and Improved Margins
Karachi: Indus Motor Company Limited (INDU) reported a significant increase in profit for the third quarter of fiscal year 2025, with profit after tax reaching PkR6.6 billion, a 48% rise compared to PkR4.4 billion in the same period last year. The com...
Read More »
AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service