Business

Karachi: The Consumer Price Index (CPI) is projected to decrease significantly in November 2024, reaching its lowest level in six years, as inflation continues its downward trend. The CPI is expected to drop to 4.7%, the lowest since April 2018, suppo...

The post Consumer Price Index Hits Six-Year Low as Inflation Trends Downward appeared first on Pakistan Business News.

Karachi: Currency exchange rates in Pakistan have shown slight fluctuations, with minor changes in buying and selling rates for major foreign currencies. The adjustments reflect ongoing shifts in the global foreign exchange market.

According to Exch...

The post Currency Exchange Rates Show Marginal Fluctuations appeared first on Pakistan Business News.

Lahore: Nishat Chunian Limited (NCL) announced a significant improvement in its financial performance for the fiscal year 2024, with an increase in revenue and a return to profitability, during a corporate briefing session. The company reported a reve...

The post Nishat Chunian Limited Reports Strong Financial Turnaround Amid Expanding Market Strategy appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Next Capital Limited at 'A-/A2'. The ratings indicate good credit quality with adequate protection factors, although risk factors may vary with economic changes. The...

The post VIS Reaffirms Ratings for Next Capital Limited Amid Profitability Challenges appeared first on Pakistan Business News.

Karachi: The Consumer Price Index (CPI) for November 2024 is projected to drop to 4.7%, marking the lowest point since April 2018. This trend underscores a continuing pattern of disinflation, bolstered by a high base effect. The downward trajectory st...

The post Consumer Price Index Hits Six-Year Low, Fuels Speculation of Interest Rate Cut appeared first on Pakistan Business News.

Karachi: The recent visit of Belarusian President Aleksandr Lukashenko to Pakistan is anticipated to pave the way for increased trade, joint ventures, and investments between the two nations. This was articulated by key members of the United Business ...

The post Pakistan and Belarus Seek to Enhance Economic Partnership appeared first on Pakistan Business News.

Lahore: Nishat Mills Limited (NML) held a corporate briefing session to discuss its fiscal year 2024 financial results and outline future strategies amidst challenging market conditions. The company reported a 48% decline in net profit after tax (NPAT...

The post Nishat Mills Limited Reports 48% Decline in Profits, Plans Strategic Investments appeared first on Pakistan Business News.