AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service

Islamabad: The State Bank of Pakistan (SBP) maintained its benchmark policy rate at 11% amid concerns about the economic impact of recent floods. The central bank, in its monetary policy statement, acknowledged the floods as a "temporary yet significa...

Islamabad: Trans World Enterprise Services (Private) Limited (TES) maintains a developing business profile in Pakistan's telecom sector, specializing in Fiber-to-the-home (FTTH), Tru TV™, and Voice offerings, according to the Pakistan Credit Rating Ag...

Islamabad: Habib Bank Limited (HBL) is prioritizing current account mobilization while maintaining a robust financial standing, according to insights from a recent management meeting with senior executives including CFO Irfan Meer. The bank confirmed ...

Islamabad: Pak Elektron Limited (PAEL) is set for significant expansion, having secured US$44 million in export orders, primarily from the United States, including contracts with prominent corporations like Tesla. The electronics manufacturer aims to ...

Islamabad: Dubai Islamic Bank Pakistan (DIB) has received the Shaukat Khanum Social Responsibility Award 2024. The Shaukat Khanum Memorial Trust (SKMT) presented the honor at an event in Karachi, recognizing DIB's ongoing dedication to social welfare ...

Islamabad: Korangi Association of Trade and Industry (KATI) President Junaid Naqi expressed profound dissatisfaction with the State Bank of Pakistan's decision to hold the monetary policy rate at 11 percent, particularly given the record-low inflation...

Islamabad: Millat Tractors Limited (MTL) reported a significant 38% year-on-year drop in its unconsolidated profit for the fiscal year 2025, reaching Rs6.4 billion (earnings per share of Rs31.94). This decline comes as tractor sales plummeted by 39% c...