Business

Karachi: Engro Polymer and Chemicals Ltd (EPCL) held an analyst briefing to discuss its financial performance for the calendar year 2024 and future outlook. The company reported a significant loss of PKR 160.6 million compared to a profit of PKR 8.9 b...

The post Engro Polymer and Chemicals Ltd Reports Loss Amid Challenging Market Conditions appeared first on Pakistan Business News.

Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has officially voiced its opposition to the government's proposed plan to advance trade body elections to 2025. Mr. Atif Ikram Sheikh, President of FPCCI, revealed that a co...

The post FPCCI Challenges Government’s Election Timeline for Trade Bodies appeared first on Pakistan Business News.

Karachi: Cement dispatches in January 2025 reached 3.9 million tons, marking a 14 percent year-over-year increase, spurred by a 12 percent rise in local dispatches and a 30 percent surge in export volumes.

According to a statement by JS Global, this...

The post Cement Dispatches See January Rebound with 14% Increase appeared first on Pakistan Business News.

Karachi: Standard Chartered Bank Pakistan and the International Finance Corporation (IFC) are planning to expand their Risk-Participation Facility to $400 million from the current $200 million, aiming to enhance access to trade finance for local busin...

The post Standard Chartered and IFC Expand Trade Finance Program to $400 Million appeared first on Pakistan Business News.

Karachi: Ismail Industries Limited has been assigned preliminary ratings by PACRA, reflecting its strategic growth and financial performance. The company, known for its brands including Candyland and Bisconni, has a stable outlook with long-term and s...

The post PACRA Assigns Preliminary Ratings to Ismail Industries Amid Expansion Plans appeared first on Pakistan Business News.

Karachi: Meezan Bank Ltd (MEBL) released its fourth quarter results for the calendar year 2024, reporting an unconsolidated net profit after tax of PKR 24.0 billion, or PKR 13.4 per share. This marks a decline of 9% year-over-year and 7% quarter-over-...

The post Meezan Bank Reports Strong Results Amid Cost Controls and Securities Gains appeared first on Pakistan Business News.

Lahore: Exhibitions play a crucial role in fostering trade, innovation, and economic growth by providing a platform for businesses to present their products, services, and innovations. This was emphasized by Mian Abuzar Shad, President of the Lahore C...

The post Exhibitions Forge New Business Opportunities at ‘Made in Uzbekistan’ Event appeared first on Pakistan Business News.