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Exchange Companies Association of Pakistan Releases Updated Currency Rates

Karachi, The Exchange Companies Association of Pakistan (ECAP) has released the currency exchange rates for key international currencies. The rates, updated for October 30, 2023, indicate marginal fluctuations from those provided on October 27, 2023.Ac...

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OGDC’s 1QFY24 Earnings Expected to Drop Amid One-Off Gains in Previous Quarter

Karachi, Oil and Gas Development Company Limited (OGDC) is anticipated to release its 1QFY24 earnings on Wednesday, projecting a Net Profit After Tax (NPAT) of PkR43.94bn. This reflects an earnings per share (EPS) of PkR10.22, marking a decrease both o...

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SM Tanveer Commended for Dedication to National Service, Draws Parallel to Father’s Legacy

KARACHI, Leading figure in the United Business Group (UBG) and an authoritative voice in the gas and petroleum sector, Malik Khuda Baksh, lauded SM Tanveer for his unwavering commitment to serve the nation, likening his fervour to that of his father, S...

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Finance Minister Promotes Foreign Investment; OICCI Voices Tax Evasion Concerns

Karachi, Caretaker Finance Minister, Dr Shamshad Akhtar, emphasized the importance of supporting the government's push to attract foreign direct investment and the need to invest in export-based industries. This, she believes, would play a pivotal role...

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Pakistan Petroleum, Pioneer Cement, and Lucky Cement Announce 1QFY24 Financial Results

Karachi, Three major companies - Pakistan Petroleum Limited (PPL), Pioneer Cement Limited (PIOC), and Lucky Cement Limited (LUCK) - revealed their first-quarter results for fiscal year 2024 today, demonstrating varying degrees of financial performance....

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HCAR Anticipated to Report Significant Earnings Growth; NCL Expected to Post Improved Margins

Karachi, HCAR is predicted to showcase a remarkable increase in its earnings for 2QMY24, while NCL is set to announce its 1QFY24 results with anticipated improved margins on Monday. Both companies are seeing favorable factors, including enhanced sales ...

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D.G. Khan Cement Reports Earnings in 1QFY24 Following Last Quarter’s Loss

Karachi, D.G. Khan Cement Company Ltd. (DGKC) shifted its financial trajectory this quarter, reporting earnings after facing a significant loss in the previous one. Key factors influencing this turnaround include improved gross margins attributed to fa...

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