Karachi: The Consumer Price Index (CPI) is projected to decrease significantly in November 2024, reaching its lowest level in six years, as inflation continues its downward trend. The CPI is expected to drop to 4.7%, the lowest since April 2018, suppo…
The post Consumer Price Index Hits Six-Year Low as Inflation Trends Downward appeared first on Pakistan Business News.
Karachi: Currency exchange rates in Pakistan have shown slight fluctuations, with minor changes in buying and selling rates for major foreign currencies. The adjustments reflect ongoing shifts in the global foreign exchange market.
According to Exch…
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Lahore: Nishat Chunian Limited (NCL) announced a significant improvement in its financial performance for the fiscal year 2024, with an increase in revenue and a return to profitability, during a corporate briefing session. The company reported a reve…
The post Nishat Chunian Limited Reports Strong Financial Turnaround Amid Expanding Market Strategy appeared first on Pakistan Business News.
KARACHI: Pakistan and Belarus are seeking to strengthen their bilateral trade relations through the promotion of transactions in local currencies and the establishment of banking channels. The initiative comes in the wake of a visit by Belarusian Pres…
The post Pakistan and Belarus Seek to Enhance Trade Relations Through Local Currency and Banking Channels appeared first on Pakistan Business News.
Karachi: Bolan Mining Enterprise (BME), a collaborative venture between Pakistan Petroleum Limited (PPL) and the Government of Balochistan, demonstrated its significance in the mining industry by hosting a stall at the 12th International Defence Exhib…
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Karachi: The recent visit of Belarusian President Aleksandr Lukashenko to Pakistan is anticipated to pave the way for increased trade, joint ventures, and investments between the two nations. This was articulated by key members of the United Business …
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Lahore: Nishat Mills Limited (NML) held a corporate briefing session to discuss its fiscal year 2024 financial results and outline future strategies amidst challenging market conditions. The company reported a 48% decline in net profit after tax (NPAT…
The post Nishat Mills Limited Reports 48% Decline in Profits, Plans Strategic Investments appeared first on Pakistan Business News.
Karachi: The Government of Pakistan has announced the 16th issuance of its IJARAH SUKUK, set to take place on December 3, 2024, via the Pakistan Stock Exchange (PSX). This initiative will be executed in collaboration with the National Clearing Company…
The post Pakistan to Conduct 16th IJARAH SUKUK Auction in December through PSX appeared first on Pakistan Business News.
Lahore: Pioneer Cement Limited (PIOC) held a corporate briefing session to discuss its financial results for FY24 and the first quarter of FY25, highlighting its commitment to debt reduction and cost efficiencies. The company reported a 92% year-on-ye…
The post Pioneer Cement Focuses on Debt Reduction and Cost Efficiencies Amid Strong Earnings Growth appeared first on Pakistan Business News.
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