Business

Karachi: Mr. Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed the business community's disappointment with the current monetary policy, highlighting a significant premium on the policy...

The post FPCCI President Urges Drastic Rate Cut Ahead of Monetary Policy Meeting appeared first on Pakistan Business News.

Karachi: Muhammad Jawed Bilwani, President of the Karachi Chamber of Commerce and Industry (KCCI), has called on the State Bank of Pakistan to significantly reduce the policy rate by 300 to 500 basis points in the upcoming Monetary Policy Committee (M...

The post Karachi Chamber President Calls for Major Rate Cut to Boost Economic Growth appeared first on Pakistan Business News.

Karachi: The Karachi Stock Exchange (KSE-100) experienced a significant decline yesterday, losing 1,320 points to close at 88,967, with trading volume reaching 546 million shares. Market activity was predominantly focused in the sectors of banking, po...

The post KSE-100 Tumbles Amid Varied Economic Indicators; Policy Adjustments and Market Movements Noted appeared first on Pakistan Business News.

Lahore: Fatima Fertilizer Company Ltd. (FATIMA) today announced its third quarter financial results for the year 2024, posting an 18% increase in consolidated earnings, despite a significant drop in sales volumes and revenues. The company recorded ear...

The post Fatima Fertilizer Reports 18% Rise in Quarterly Profits Despite Sales Decline appeared first on Pakistan Business News.

Islamabad: The State Bank of Pakistan (SBP) is anticipated to implement a significant reduction in its policy rate by 200 basis points in the upcoming Monetary Policy Committee (MPC) meeting. This move is driven by a combination of higher real interes...

The post Pakistan’s Central Bank Expected to Reduce Policy Rate by 200 Basis Points appeared first on Pakistan Business News.

Karachi: Pakistan State Oil (PSO) reported significant progress in revenue collection for the third consecutive quarter, with total trade receivables declining by PkR80 billion from December 2023’s peak of PkR548 billion. This reduction, driven by col...

The post PSO Reports Strong Revenue Collection, Boosting Liquidity and Reducing Obligations appeared first on Pakistan Business News.

Islamabad: Mari Petroleum Company Limited (MARI) reported its first quarter financial results for FY25, showing a Profit After Tax (PAT) of PkR19.2 billion, or an earnings per share (EPS) of PkR16.0. The company’s quarterly earnings remained largely f...

The post Mari Petroleum Posts Flat Earnings in First Quarter FY25 Amid Declining Sales and Increased Exploration Costs appeared first on Pakistan Business News.