Karachi: ILP, a notable entity in the apparel industry, has reported a significant increase in revenue for the fiscal year 2024, reaching PkR156 billion, a 31% rise compared to the previous year. However, the company’s profitability has taken a downtu…

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Karachi: Haleon Pakistan Limited (HALEON) has reported a considerable increase in earnings, achieving Rs3.2 billion for the first nine months of the calendar year 2024, marking a 5.1-fold year-on-year growth, This surge translates into an earnings per…

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Karachi: In its fiscal year 2024 briefing, Mughal Steel announced a record revenue of PKR 92.4 billion, marking a 37% increase from the previous year, driven largely by higher sales volumes. Despite this achievement, the company faced significant chal…

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Karachi: Interloop Limited, a prominent player in Pakistan’s textile industry, has maintained its ‘Buy’ rating with a projected target price of Rs104 by December 2025. Despite revising its earnings outlook for the first half of FY25, the company is pu…

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Karachi: PACRA has maintained its broker management rating for Spectrum Securities Limited at a BMR3+ level, reflecting a stable outlook. This was announced in a recent review of the company’s performance in the equity brokerage sector.

According to…

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Karachi: Acting Chairman of the Employees Old Age Benefit Institution (EOBI), Javed A. Shaikh, announced plans to reinstate a help desk within the Korangi Association of Trade and Industry (KATI) and address pressing contribution issues. The announcem…

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Karachi: The newly appointed Turkish Ambassador to Pakistan, Mr. Irfan Neziroglu, recently paid a visit to the Dawlance head office in Karachi to discuss potential investment opportunities between the two countries. The meeting, attended also by the C…

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Karachi: Mughal Iron & Steel Industries Limited (MUGHAL) held a corporate briefing to discuss the financial results for the fiscal year 2024 and future projections. The company reported a 43% year-over-year decline in earnings amounting to Rs2 bil…

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Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the Broker Fiduciary Rating (BFR) of Spectrum Securities Limited at BFR 3+ with a stable outlook. The decision, disseminated on November 21, 2024, reflects the company’s continu…

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