Karachi: The banking sector in Pakistan is expected to announce an increase in third-quarter profits for 2024, with estimates projecting a 3% year-on-year rise to PKR 94.4 billion. This increase is largely attributed to strong non-core income, which i…

The post Pakistani Banks Set to Report Solid Third Quarter Earnings, Supported by Non-Core Income Growth appeared first on Pakistan Business News.

Karachi: D.G. Khan Cement Company Ltd. (DGKC) disclosed its financial outcomes for the first quarter of FY25, revealing a 22% year-over-year increase in earnings, surpassing market expectations. This improvement was notably driven by robust gross marg…

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Karachi: The latest currency exchange rates issued by the Exchange Companies Association of Pakistan show minor fluctuations in the buying and selling prices for major currencies such as the USD, Euro, and GBP between October 16 and 17, 2024.

Accord…

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Karachi: Rehan Javed has been appointed as the representative of the Korangi Association of Trade and Industry (KATI) in the Karachi Chamber of Commerce, a move aimed at addressing the pressing energy issues faced by the city’s traders. Javed’s appoin…

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Karachi: Baluchistan Glass Ltd. (BGL) faced significant financial challenges in FY24, reporting a loss of PKR 508 million, a sharp increase from the previous year’s PKR 135 million. The losses were primarily attributed to an extended eleven-month shut…

The post Baluchistan Glass Ltd. Reports FY24 Losses and Operational Challenges appeared first on Pakistan Business News.

Lahore: Tariq Glass Industries Limited (TGL) convened a corporate briefing session today to review its FY24 results and future outlook, revealing a significant 74% year-on-year growth in earnings. Despite this robust performance, the company did not d…

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Karachi: Two Pakistani startups have been chosen to join Google’s inaugural AI Academy for Asia-Pacific, marking a significant step in regional AI development. The startups, AdalFi and Adlytic AI, are part of a select group of 23 from across the regio…

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Lahore: This Sunday, Zameen.com will host a significant Property Sales Event at the Pearl Continental Hotel, introducing a range of investment opportunities in the real estate sector, including the debut of Safiya Homes, a project noted for its sustai…

The post Zameen.com to Host Premier Real Estate Event in Lahore Featuring Safiya Homes Debut appeared first on Pakistan Business News.

Karachi: HUBC has announced a strategic partnership through its subsidiary, Mega Motor Company Ltd, with BYD Auto Industry to manufacture and market BYD’s electric vehicles (EVs) in Pakistan. This collaboration is set to bolster HUBC’s position in the…

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