Business

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.

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...

The post Bank Alfalah Reports Robust Growth with Rs. 9.912 Billion Profit in First Quarter of 2024 appeared first on Pakistan Business News.

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 ...

The post Cherat Cement Reports Decline in Quarterly Earnings Amid Cost Pressures appeared first on Pakistan Business News.

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...

The post Kohat and Cherat Cement Face Mixed Third-Quarter Results Amidst Market Challenges appeared first on Pakistan Business News.

Lahore, The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) has outlined a strategy to boost the peach industry in Swat, with a focus on integrating tourism and technology to improve production and sales. The chamber's president, Moazzam...

The post PCJCCI Outlines Plan to Revitalize Peach Industry in Swat appeared first on Pakistan Business News.

Karachi, MCB Bank Limited has declared a significant first interim cash dividend for the first quarter of the year, reflecting a robust start to 2024.According to MCB Bank Limited, the Board of Directors, led by Chairman Mian Mohammad Mansha, met on Ap...

The post MCB Bank Announces 90% Interim Dividend for First Quarter appeared first on Pakistan Business News.

Karachi, The National Electric Power Regulatory Authority (NEPRA) has approved K-Electric’s ambitious seven-year investment plan, which outlines significant upgrades to the utility's transmission and distribution systems through FY 2030. This strategic...

The post NEPRA Approves K-Electric’s $2 Billion Investment Plan Through 2030 appeared first on Pakistan Business News.