Business

Karachi: The currency exchange rates in Pakistan experienced slight changes over a two-day period, with minor fluctuations observed across various foreign currencies. The buying and selling rates for the US dollar, Euro, British pound, Japanese yen, U...

The post Currency Exchange Rates See Minor Fluctuations in Pakistan appeared first on Pakistan Business News.

Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings for Nishat Chunian Power Limited at 'A+/A2'.

According to VIS, the medium to long-term rating of 'A+' reflects good credit quality, with adequate protection factors, while...

The post VIS Reaffirms Ratings for Nishat Chunian Power Limited appeared first on Pakistan Business News.

Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of DIC Pakistan Limited, reflecting the company's strong market position and financial stability. The ratings, which remain AA- for long-term and A1 for short...

The post DIC Pakistan’s Ratings Maintained by PACRA Amid Financial Growth and Increased Leverage appeared first on Pakistan Business News.

Karachi: Unity Foods Limited (UNITY) has reported a net loss of Rs3.4 billion for the fiscal year 2024, primarily attributed to a significant decline in the sales of edible oil and its derivatives. The company's financial performance was further impac...

The post Unity Foods Limited Reports FY24 Net Loss Amid Drop in Edible Oil Sales appeared first on Pakistan Business News.

Karachi: ILP, a notable entity in the apparel industry, has reported a significant increase in revenue for the fiscal year 2024, reaching PkR156 billion, a 31% rise compared to the previous year. However, the company's profitability has taken a downtu...

The post ILP Reports Revenue Surge Amid Declining Profitability and Strategic Expansion appeared first on Pakistan Business News.

Karachi: Haleon Pakistan Limited (HALEON) has reported a considerable increase in earnings, achieving Rs3.2 billion for the first nine months of the calendar year 2024, marking a 5.1-fold year-on-year growth, This surge translates into an earnings per...

The post Haleon Pakistan Reports Significant Earnings Growth Amid Strategic Portfolio Expansion appeared first on Pakistan Business News.

Karachi: In its fiscal year 2024 briefing, Mughal Steel announced a record revenue of PKR 92.4 billion, marking a 37% increase from the previous year, driven largely by higher sales volumes. Despite this achievement, the company faced significant chal...

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