Business

Karachi, D.G. Khan Cement Company Limited (DGKC) today announced a robust set of financial results for the third quarter of fiscal year 2024, significantly exceeding market expectations. The company reported a profit after tax of PKR 1.2 billion, marki...

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Karachi, Starting January 1, 2024, Pakistani banks will begin reporting under the new International Financial Reporting Standard (IFRS) 9, a major shift from the current IAS 39 standards that govern financial instruments. This change, anticipated with...

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Lahore, VIS Credit Rating Company has reaffirmed the entity ratings of Zephyr Power Limited (ZPL) at ‘A+/A-1’ for medium to long-term and short-term credit quality, respectively. The ratings reflect the company's robust financial health and stable eco...

The post VIS Credit Rating Reaffirms ‘A+/A-1’ Ratings for Zephyr Power Limited with Stable Outlook appeared first on Pakistan Business News.

Karachi, Telenor Microfinance Bank (TMB) announced a pre-tax profit of PKR 1.2 billion for the financial year ended December 31, 2023. This profit marks a significant achievement underpinned by a 70% revenue increase to PKR 28 billion and the recent I...

The post Telenor Microfinance Bank Reports PKR 1.2 Billion Pre-tax Profit in 2023, Secures Digital Retail Bank License appeared first on Pakistan Business News.

Karachi, The latest financial forecasts for key players in Pakistan's cement industry suggest varied performance in the upcoming quarterly earnings reports. Fauji Cement Company Limited (FCCL), D.G. Khan Cement Company Limited (DGKC), and Cherat Cemen...

The post Cement Companies’ Earnings Outlook Mixed in Upcoming Quarterly Results appeared first on Pakistan Business News.

Karachi, Fly Jinnah, Pakistan's low-cost carrier, has introduced a new non-stop service connecting Islamabad with Muscat, starting on May 10, 2024. This new route marks the airline's third international route and includes two weekly flights, enhancing...

The post Fly Jinnah Launches Islamabad-Muscat Route, Expands International Service appeared first on Pakistan Business News.

Islamabad, Pakistan Telecommunication Company Limited (PTCL), the nation's top telecom and ICT service provider, has reported a 14% year-over-year revenue increase for the first quarter of 2024. Despite a net loss, the group has seen robust growth in ...

The post PTCL Group Reports 14% Revenue Growth in Q1 Amid Expanding Digital Services appeared first on Pakistan Business News.