Business

Karachi, The stock market showed a promising trajectory today, closing with an impressive gain of 539 points at 51,483. This surge was primarily driven by commendable corporate results, manifesting in a broad-based rally. Several companies stood out wi...

The post Market Sees Positive Momentum with Gain of 539 Points; JS Securities Weighs In appeared first on Pakistan Business News.

Karachi, For the first time in over a year, Pakistan has seen its tax collections exceed set targets and recorded growth in both the large-scale and power sectors. These developments were presented by Finance Minister Dr. Shamshad Akhtar during her spe...

The post Tax Collections Surpass Targets; Notable Growth in Large-Scale, Power Sectors, Announces Finance Minister 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.

Karachi, Caretaker Finance Minister, Dr Shamshad Akhtar, emphasized the importance of supporting the government's push to attract foreign direct investment and the need to invest in export-based industries. This, she believes, would play a pivotal role...

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