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, Zong Business, a major telecom operator in Pakistan, has announced a strategic partnership with China Gezhouba Construction Management Services (CGCMS) to bolster digital operations across China. The collaboration aims to provide CGCMS with r...

The post Zong Business Partners with China Gezhouba Construction Management Services to Enhance Digital Operations appeared first on Pakistan Business News.

Karachi, The latest exchange rate data provided by the Exchange Companies Association of Pakistan shows slight fluctuations across major currencies in the local market over the past two days.

According to Exchange Companies Association of Pakistan, ...

The post Exchange Rates Experience Minor Fluctuations in Pakistan’s Currency Market appeared first on Pakistan Business News.

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, 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, 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.