Islamabad: Pakistan has recorded its first quarterly budget surplus in 20 years, with a total of PkR1.7 trillion during the first quarter of fiscal year 2025. This marks a significant financial milestone, contrasting sharply with a deficit of PkR980 b…
The post Pakistan Marks Historic Budget Surplus, First in Two Decades appeared first on Pakistan Business News.
Islamabad: Pakistan has recorded its first quarterly budget surplus in 20 years, with a total of PkR1.7 trillion during the first quarter of fiscal year 2025. This marks a significant financial milestone, contrasting sharply with a deficit of PkR980 b…
The post Pakistan Marks Historic Budget Surplus, First in Two Decades appeared first on Pakistan Business News.
Karachi: The Exchange Companies Association of Pakistan reported stable currency exchange rates over the course of two consecutive days, with minor fluctuations observed across major currencies including the USD, EURO, GBP, and others.
According to …
The post Stable Currency Exchange Rates Observed Over Two Days in Pakistan appeared first on Pakistan Business News.
Karachi: Wafi Energy Holding Limited has become the majority shareholder of Shell Pakistan Limited (SPL) after acquiring a 77.42% interest from The Shell Petroleum Company Limited, a subsidiary of Shell plc. This significant transaction raises Wafi En…
The post Wafi Energy Acquires Majority Stake in Shell Pakistan appeared first on Pakistan Business News.
Karachi: Wafi Energy Holding Limited has become the majority shareholder of Shell Pakistan Limited (SPL) after acquiring a 77.42% interest from The Shell Petroleum Company Limited, a subsidiary of Shell plc. This significant transaction raises Wafi En…
The post Wafi Energy Acquires Majority Stake in Shell Pakistan appeared first on Pakistan Business News.
Islamabad: The Pakistan Credit Rating Agency Limited (PACRA) has reaffirmed the entity ratings of Zahidjee Textile Mills Limited, maintaining its long-term and short-term ratings at ‘A’ and ‘A1’ respectively. The outlook for the company remains stable…
The post PACRA Upholds Zahidjee Textile Mills’ Stable Ratings appeared first on Pakistan Business News.
Islamabad: Nasir Mansoor Qureshi, President of the Islamabad Chamber of Commerce and Industry (ICCI), has urged Pakistan’s diplomatic corps and trade officials to initiate an aggressive trade diplomacy campaign. This effort aims to promote the nation’…
The post ICCI President Calls for Diplomatic Push to Achieve $100 Billion Export Goal by 2030 appeared first on Pakistan Business News.
Islamabad: Cherat Cement Company Ltd. (CHCC) revealed its first quarter fiscal year 2025 financial outcomes today, marking its highest-ever quarterly earnings. The company achieved earnings of PkR2.9 billion, a substantial 88% increase from PkR1.5 bil…
The post Cherat Cement Reports Record Earnings in First Quarter Fiscal Year 2025 appeared first on Pakistan Business News.
Karachi: Commercial banks in Pakistan are under pressure to significantly increase their lending in the final quarter of the year. They must raise their Advance to Deposit Ratio (ADR) above 50% by December 2024 to circumvent an increased tax burden. T…
The post Commercial Banks Urged to Boost Lending by 31% to Sidestep Tax Hike appeared first on Pakistan Business News.
Pakpattan:Islamabad President Asif Ali Zardari has expressed profound grief and sorrow over the tragic loss of eleven lives in a passenger bus and trailer accident near Pakpattan.
According to Radio Pakistan, President Zardari conveyed his condolenc…
