Karachi: Meezan Bank, Pakistan’s leading Islamic bank, has entered into a strategic alliance with CashNow, the country’s pioneering supply chain finance platform, to introduce a revolutionary Shariah-compliant supply chain finance product. A Memorandu…

The post Meezan Bank and CashNow Launch Pakistan’s First Digital Islamic Supply Chain Finance Solution. appeared first on Pakistan Business News.

Bugti: Oil and Gas Development Company Limited (OGDCL) has announced the commencement of production from the Uch-35 development well. Utilizing the company’s in-house expertise, the well was drilled to a depth of 1,345 meters, targeting the hydrocarbo…

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Karachi: In the first nine months of calendar year 2024, FFL reported a net revenue of PkR17.8 billion, marking a 20% year-on-year increase from PkR14.8 billion in the same period last year. This growth was primarily driven by an increase in ultra-hig…

The post FFL Reports Robust Growth in 9MCY24 with Strategic Expansion Plans. appeared first on Pakistan Business News.

Karachi: Macpac Films Ltd (MACFL) recently held a corporate briefing to discuss its first quarter financial results for fiscal year 2025 and future outlook. MACFL reported an earnings per share (EPS) of Rs0.13 for 1QFY25, a significant drop from the E…

The post Macpac Films Ltd Reports Decline in Profitability Amid Rising Costs. appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Golden Harvest Foods (Private) Limited (GHFL) at ‘BBB+/A2’ (Triple B Plus/A Two). The medium to long-term entity rating of ‘BBB+’ reflects adequate credit quality, w…

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Islamabad: Chinese Ambassador Jiang Zaidong recently announced that the China-Pakistan Economic Corridor (CPEC) has brought USD 25.4 billion in direct investment to Pakistan.

According to Zameen.Com, the Corridor has successfully generated 236,000 …

The post CPEC Infuses USD 25.4 Billion into Pakistan’s Economy. appeared first on Pakistan Business News.

Karachi: DG Khan Cement Company Limited (DGKC) has announced a significant turnaround in its financial performance for the fiscal year 2024, reporting a profit of PKR 542 million (Earnings Per Share: 1.24) in contrast to a loss of PKR 3.6 billion (Los…

The post DGKC Reports Profit Turnaround in FY24 Amid Increased Sales and Strategic Export Focus. appeared first on Pakistan Business News.

Lahore: KOHC has reported a significant increase in profit for the fiscal year 2024, with earnings reaching PkR8.9bn, marking a 56% rise compared to the PkR5.8bn reported in FY23. This growth is attributed to a surge in other income and improved reten…

The post KOHC Reports 56% Increase in FY24 Profit Despite Sales Decline. appeared first on Pakistan Business News.

Karachi: The textile sector in Pakistan faced significant financial challenges in the first quarter of the fiscal year 2025, with a reported 72% year-on-year decline in profitability among a sample of eight key companies. Despite a 9% growth in toplin…

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