Business

Karachi, Lucky Cement Limited (LCL) continues to hold its robust credit position as VIS Credit Rating Company Limited reaffirms its entity ratings of ‘AA+/A-1+’. These ratings indicate a high credit quality for the medium to long term and an outstandin...

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Islamabad, MCB Islamic Bank, in its recent financial update, revealed a substantial ascent in its Profit before Tax (PBT) for the third quarter, marking a remarkable 348% increase from the same period in the previous year. The bank's PBT climbed from P...

The post MCB Islamic Bank’s Q3 PBT Skyrockets to PKR 7.5 Billion appeared first on Pakistan Business News.

Islamabad, In a recent meeting of the Islamabad Chamber of Commerce and Industry (ICCI) Executive Body, concerns were raised over the government's substantial hike in gas prices. Ahsan Zafar Bakhtawari, President of the ICCI, voiced fears that these in...

The post ICCI Warns of Economic Impact Following Drastic Gas Price Increase appeared first on Pakistan Business News.

Karachi, Pakistan Petroleum Limited (PPL) announced a final cash dividend of 15 percent for both ordinary and convertible preference shares during its 72nd Annual General Meeting. This brings the total dividend payout for the fiscal year to 25 percent....

The post Pakistan Petroleum Limited Announces 15 Percent Dividend at its 72nd AGM appeared first on Pakistan Business News.

Karachi, The Exchange Companies Association of Pakistan (ECAP) has released the currency exchange rates for key international currencies. The rates, updated for October 30, 2023, indicate marginal fluctuations from those provided on October 27, 2023.Ac...

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Karachi, Oil and Gas Development Company Limited (OGDC) is anticipated to release its 1QFY24 earnings on Wednesday, projecting a Net Profit After Tax (NPAT) of PkR43.94bn. This reflects an earnings per share (EPS) of PkR10.22, marking a decrease both o...

The post OGDC’s 1QFY24 Earnings Expected to Drop Amid One-Off Gains in Previous Quarter appeared first on Pakistan Business News.

KARACHI, Leading figure in the United Business Group (UBG) and an authoritative voice in the gas and petroleum sector, Malik Khuda Baksh, lauded SM Tanveer for his unwavering commitment to serve the nation, likening his fervour to that of his father, S...

The post SM Tanveer Commended for Dedication to National Service, Draws Parallel to Father’s Legacy appeared first on Pakistan Business News.