Business

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: International Steels Ltd (ISL) announced a significant decline in its quarterly profit, with Profit after Tax (PAT) dropping by 71% year-on-year to PkR355 million (EPS: PkR0.82) for the second quarter of fiscal year 2025. The decline was prim...

The post International Steels Ltd Reports 71% Decline in Quarterly Profit Amid Lower Steel Prices appeared first on Pakistan Business News.

Karachi: Cherat Cement Company Ltd (CHCC) is expected to see a rise in earnings for the second quarter of the fiscal year 2025, while Lucky Cement Ltd (LUCK) is projected to experience a decline, according to recent forecasts.

According to a stateme...

The post Cherat and Lucky Cement Earnings Predictions Highlight Mixed Outcomes appeared first on Pakistan Business News.

Karachi: The State Bank of Pakistan (SBP) has cut its policy rate by 100 basis points to 12%, signaling a cautious approach to monetary policy aimed at fostering sustainable economic growth. This decision comes alongside a revision of the inflation fo...

The post Pakistan to See Potential Drop in Interest Rates as Inflation Forecast Improves appeared first on Pakistan Business News.

Karachi: Vivo is set to launch its latest smartphone, the X200 Pro, in Pakistan, promising to bring revolutionary advancements to mobile photography. The device, a new member of Vivo's X Series, boasts a 200MP ZEISS APO Telephoto Camera and features d...

The post Vivo to Unveil X200 Pro in Pakistan: A Leap in Mobile Photography Technology appeared first on Pakistan Business News.

Karachi: A two-day Sustainable Tourism Forum, organized by the Islamic Chamber of Commerce and Industry, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), and the Pakistan Tourism Development Corporation, is scheduled for January 3...

The post Sustainable Tourism Forum Set to Elevate Pakistan’s Tourism Prospects appeared first on Pakistan Business News.

KARACHI: Pakistan's Ambassador to Saudi Arabia, Ahmad Farooq, emphasized the critical importance of the next two years in enhancing Pakistan's footprint in Saudi Arabia. As Saudi Arabia undergoes substantial economic transformation under Vision 2030, ...

The post Pakistan Eyes Strategic Expansion in Saudi Arabia, Says Envoy appeared first on Pakistan Business News.