Business

Karachi: FFBL has reported a remarkable surge in profitability, posting a record profit of PkR18.6 billion in the first nine months of the calendar year 2024, marking a 52-fold increase year-over-year. This significant growth was primarily fueled by h...

The post FFBL Achieves Record Profitability of PkR18.6bn in 9MCY24, Driven by Higher DAP Margins and Increased Urea Offtakes. appeared first on Pakistan Business News.

Karachi: In recent currency exchange transactions, the US dollar and British pound have shown a strengthening trend against the Pakistani Rupee (PKR). USD buying and selling rates have increased slightly from 276.83 and 278.74 on November 8, 2024, to ...

The post Exchange Rates Fluctuate as USD and GBP Strengthen Against PKR. appeared first on Pakistan Business News.

Karachi: Bank Alfalah, one of Pakistan's leading commercial banks, proudly announced the relaunch of AlfaMall, the bank's premier e-commerce platform and the country's largest formal Buy Now, Pay Later (BNPL) marketplace, now featuring an exclusive BN...

The post Bank Alfalah Unveils New AlfaMall with Fashion Category and Buy Now, Pay Later (BNPL). appeared first on Pakistan Business News.

Karachi: ATRL has reported a decrease in net profit after tax (NPAT) for the fiscal year 2024, with figures reaching PkR25.2 billion, marking a 14% year-on-year decline. The decline was attributed to reduced production levels and a drop in gross refin...

The post ATRL Reports Decline in Profit Amid Lower Production and GRM Reduction. appeared first on Pakistan Business News.

Lahore: The government should formulate well-consulted and well-thought-out supportive policies for Pakistan's paper industry, a vital sector that underpins education, publishing, packaging, and other industries but is currently facing significant cha...

The post LCCI Urges Government to Formulate Supportive Policies for Pakistan’s Paper Industry. appeared first on Pakistan Business News.

Karachi: Auto sales are expected to witness a substantial rebound in October 2024, with major automobile companies projected to see their total units reach approximately 11,300. This represents a significant year-on-year increase of 103% and a month-o...

The post Auto Sales Surge in October, Marking Highest Growth Since December 2022. appeared first on Pakistan Business News.

Karachi: BankIslami Pakistan Limited, a leading force in the country's Islamic banking sector, took center stage at the 8th Edition of The Future Summit, held on November 6-7, 2024, in Karachi, with its leadership offering key insights on the evolving...

The post BankIslami Leaders Highlight Path to Financial Inclusion at The Future Summit. appeared first on Pakistan Business News.