Business

Karachi: Systems Limited is expected to report a notable increase in net profit after tax (NPAT) for the fourth quarter of the calendar year 2024, reaching PkR2.4 billion, compared to PkR1.5 billion in the same period last year. This growth is driven ...

The post Systems Limited Projected to See Significant Profit Growth in 4QCY24 appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited (VIS) has announced the withdrawal of entity ratings for CDC Share Registrar Services Limited, effective immediately. This decision follows the company's choice to cease its ratings, as indicated in a recent ...

The post VIS Withdraws Ratings for CDC Share Registrar Services Limited appeared first on Pakistan Business News.

KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Muhammad Jawed Bilwani, has expressed strong disappointment over the State Bank of Pakistan's (SBP) recent decision to implement a nominal 1 percent reduction in the policy int...

The post KCCI Criticizes State Bank’s Modest Interest Rate Cut appeared first on Pakistan Business News.

Karachi: Business leaders in Pakistan have expressed dissatisfaction with the recent monetary policy changes, which they argue do not sufficiently address current economic challenges. The State Bank of Pakistan announced a reduction of 100 basis point...

The post Business Leaders Criticize Pakistan’s Monetary Policy Amid Economic Concerns appeared first on Pakistan Business News.

Karachi: Meezan Bank, Pakistan's leading Islamic financial institution, has introduced a new Foreign Currency (FCY) Debit Card tailored for the country's freelancers and exporters. The card is designed for those maintaining an Exporters' Special Forei...

The post Meezan Bank Launches Global Payment Solution for Freelancers and Exporters appeared first on Pakistan Business News.

Karachi: Mari Energies Ltd (MARI) has reported a significant decline in its second-quarter fiscal year 2025 earnings, with Profit After Tax (PAT) falling to PkR11.2 billion, marking a 39% year-over-year decrease. The downturn has been attributed to in...

The post Mari Energies Faces Earnings Decline Amid Rising Costs appeared first on Pakistan Business News.

KARACHI: AL Habib Capital Markets (Pvt.) Limited, a key player in Pakistan's brokerage industry, has received initial long-term and short-term ratings of 'A' and 'A1', respectively, with a stable outlook, from the Pakistan Credit Rating Agency Limited...

The post AL Habib Capital Markets Receives Initial Ratings Highlighting Robust Performance appeared first on Pakistan Business News.