Business

Karachi, Pakistan State Oil (PSO), the leading energy company in Pakistan, maintained its industry dominance and posted a net profit of PKR 13.4 billion in the nine months of FY24. The company's Board of Management (BoM) reviewed the performance for th...

The post Pakistan State Oil Leads Market with Resilience and Growth, Posts 9MFY24 Profit of PKR 13.4 Billion appeared first on Pakistan Business News.

Karachi, FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for the first quarter of 2024, showing a 21% increase in topline revenue. The company's revenue for the quarter reached PKR 27.5 billion, compared to PKR 22.7 bill...

The post FrieslandCampina Engro Pakistan Reports 21% Topline Growth in Q1 2024, Despite Economic Challenges appeared first on Pakistan Business News.

Lahore, Imran Ameen, CEO of the Central Business District (CBD), attended a meeting chaired by Lahore Development Authority (LDA) Director General Tahir Farooq to discuss the LDA's restructuring, as reported by a news source. The meeting aimed to impro...

The post Central Business District to Help Lahore Development Authority Implement Corporate-Style Reforms appeared first on Pakistan Business News.

Karachi, The Hub Power Company (HUBC) and Nishat Power Limited (NPL) are expected to report substantial earnings growth for the third quarter of FY24, driven by increased power generation and improved operational efficiencies.

According to AKD Secur...

The post Hub Power and Nishat Power Set for Strong Gains in Third-Quarter Earnings appeared first on Pakistan Business News.

Karachi, The Exchange Companies Association of Pakistan has reported relatively stable foreign exchange rates for major currencies over the past two days, indicating a steady economic environment in the local market.

According to Exchange Companies ...

The post Stability Observed in Pakistan’s Foreign Exchange Rates Over Two Days appeared first on Pakistan Business News.

Karachi, The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has announced its support for the introduction of direct flights between Pakistan and Azerbaijan, a move expected to enhance bilateral trade and economic ties significantly....

The post FPCCI Endorses New Direct Flights to Boost Pakistan-Azerbaijan Trade Relations appeared first on Pakistan Business News.

New York, The consumer price index (CPI) for April 2024 is projected to rise to 17.6%, marking a 23-month low, and is expected to further expand the positive real interest rate (RIR) by an additional 310 basis points (bp).

According to JS Global, Th...

The post Inflation Rate Drops to 23-Month Low in April, Anticipates Central Bank Easing appeared first on Pakistan Business News.