Karachi: Meezan Bank, Pakistan’s leading Islamic financial institution, has renewed and expanded its strategic alliance with Visa, a global leader in digital payments. This collaboration aims to enhance the bank’s debit card portfolio and redefine the…
Karachi: Engro Polymer and Chemicals (EPCL) presented its recent corporate briefing, revealing key insights into its business performance and future outlook. Despite reporting a consolidated loss of Rs3.4 billion for the first nine months of 2025, the…
Karachi: Pakistan’s listed banks reported an 8% year-on-year increase in profitability, reaching Rs170 billion in the third quarter of 2025. The growth was primarily driven by a 6% rise in Net Interest Income (NII), led by United Bank Limited (UBL), N…
Karachi: The Exchange Companies Association of Pakistan released new data on October 31, 2025, revealing significant movements in currency exchange rates. According to the association, the US dollar saw a buying rate of 281.45 PKR and a selling rate o…
Karachi: The stock market experienced notable volatility this week, influenced by geopolitical tensions and economic developments. Despite an initial decline due to border tensions with Afghanistan, the market rebounded sharply by 4,900 points in the …
KARACHI: Engro Polymer and Chemicals Limited (EPCL) held its analyst briefing today, presenting an overview of its financial performance for the first nine months of the calendar year 2025. The company reported a net loss of PkR3.5 billion, a signific…
KARACHI: The State Bank of Pakistan released updated figures for the weighted average customer exchange rates, reflecting a period of relative stabilization amid ongoing market fluctuations. The report from the Domestic Markets and Monetary Management…
KARACHI: The cement sector in Pakistan experienced significant growth in the first quarter of fiscal year 2026, as reported by a sample of eight companies. The sector saw a substantial 56% year-on-year increase in standalone earnings, driven by a 17% …
Karachi: Thatta Cement Company Ltd (THCCL) presented its financial performance for FY25 and the first quarter of FY26, showcasing a notable increase in earnings per share driven by enhanced income from its power subsidiary. The company reported a stan…
Berlin:President Asif Ali Zardari has emphasized the need for expanding political, economic, and defense cooperation between Pakistan and Germany during his visit to Berlin. He met with the Federal President of Germany, Frank-Walter Steinmeier, to dis…
