Business

Karachi: Bank Alfalah Limited (BAFL) announced its fourth-quarter financial results for the year 2024, revealing a profit of PkR4.7 billion, which marks a decrease of 49% compared to the previous year and a 64% drop from the previous quarter. Despite ...

The post Bank Alfalah Posts Reduced Profits but Increases Payout Amidst Tax Changes appeared first on Pakistan Business News.

Karachi: Lucky Cement Ltd. (LUCK) has reported a notable increase in its financial performance for the second quarter of the fiscal year 2025, with standalone earnings reaching PKR 7.3 billion, up 7% from the same period last year. This growth exceede...

The post Lucky Cement Reports Strong Earnings Growth Amid Rising Gross Margins and Other Income appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited (VIS) has confirmed the maturity of K-Electric Limited's (KE) Short Term Sukuk (STS-26), valued at PKR 5 billion. The issuance of the sukuk took place on June 5, 2024, and it reached maturity on December 5, 2...

The post K-Electric’s Short Term Sukuk Maturity Confirmed appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Bhanero Textile Mills Limited at 'A+/A1'. The ratings reflect strong credit quality and liquidity, with a stable outlook, amid economic pressures and industry challenges. ...

The post Bhanero Textile Mills’ Ratings Reaffirmed Amid Economic Challenges appeared first on Pakistan Business News.

Karachi: The banking sector in Pakistan is bracing for a challenging fourth quarter, with anticipated declines in profitability driven by shrinking net interest margins and increased taxation costs. Despite these hurdles, dividend payouts are expected...

The post Pakistan Banks’ Profits Expected to Decline Amid Higher Taxes and Shrinking Margins appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited (VIS) has concluded the rating process for K-Electric Limited's (KEL) Short Term Sukuk (STS-25), which was valued at PKR 5.0 billion. The issuance and maturity of this financial instrument took place on May 2...

The post VIS Finalizes Rating for K-Electric’s PKR 5 Billion Sukuk appeared first on Pakistan Business News.

Islamabad: The Board of Directors of Bank Alfalah Limited has approved the financial results for the year ended December 31, 2024, showcasing a robust performance in challenging conditions. The bank reported a profit after tax of PKR 38.318 billion, w...

The post Bank Alfalah Reports Strong Financial Performance for 2024 appeared first on Pakistan Business News.