Business

This category covers all news related Business & Finance

Central Business District to Help Lahore Development Authority Implement Corporate-Style Reforms

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...

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CDA Proposes Construction of Two New Five-Star Hotels in Islamabad’s Sector F-5

Islamabad, The Capital Development Authority (CDA) is seeking approval from the federal cabinet to construct two new five-star hotels in Sector F-5 of Islamabad. This initiative follows a meeting chaired by Prime Minister Shehbaz Sharif, where CDA subm...

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Nestle Pakistan’s Revenue Grows by 9.7% in First Quarter 2024

Karachi, Nestle Pakistan reported that its revenue for the three-month period ending March 31, 2024, rose to PKR 54.4 billion, marking a 9.7% increase compared to the same period last year. This growth can be attributed to broad-based expansion across ...

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Inflation Rate Drops to 23-Month Low in April, Anticipates Central Bank Easing

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...

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Bank Alfalah Reports Robust Growth with Rs. 9.912 Billion Profit in First Quarter of 2024

Karachi, Bank Alfalah Limited announced a significant increase in its first-quarter profit, reaching Rs. 9.912 billion, as it continues to expand its market presence and innovate across its service offerings.

According to Bank Alfalah, the results a...

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Cherat Cement Reports Decline in Quarterly Earnings Amid Cost Pressures

Karachi, Cherat Cement Company Limited reported a significant decrease in its earnings for the third fiscal quarter of 2024, driven by contraction in gross margins and a decrease in sales volume.

According to AKD Securities Limited, Cherat Cement's ...

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Kohat and Cherat Cement Face Mixed Third-Quarter Results Amidst Market Challenges

Karachi, Kohat Cement Company Limited and Cherat Cement Company Limited released their financial results for the third quarter of FY24 today, showing contrasting performances due to varying operational challenges.

According to AKD Securities Limited...

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