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Fertilizer Slump Hits Engro Holdings’ Earnings, Dividend Omitted

April 28, 2025 Business, General Business News

Karachi: Engro Holdings Ltd. (ENGROH) has reported a significant decline in its first-quarter earnings for the calendar year 2025, with consolidated earnings falling to PKR 1.8 billion, or PKR 1.47 per share, compared to PKR 4.0 billion, or PKR 3.34 p...

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Burj Clean Energy Modaraba Receives Strong Initial Ratings from VIS

April 28, 2025 Business, General Business News

Karachi: VIS Credit Rating Company Limited has assigned initial entity ratings to Burj Clean Energy Modaraba (BCEM) of 'A/A1', indicating good credit quality and a strong likelihood of timely short-term obligation repayments. The outlook for these rat...

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JS Bank Announces PKR 2.74 Billion Profit Before Tax for First Quarter 2025

April 28, 2025 Business, General Business News

Karachi: JS Bank has reported a profit before tax of PKR 2.74 billion for the first quarter ending March 31, 2025. The bank's profit after tax was PKR 1.29 billion, with earnings per share recorded at PKR 0.63, a decrease from PKR 0.84 in the same per...

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Earnings Decline for Hub Power Company Amid Contractual Challenges

April 28, 2025 Business, General Business News

Karachi: Hub Power Company Ltd (HUBC) is expected to report a notable decline in its net profit after tax (NPAT) for the third quarter of fiscal year 2025. The anticipated NPAT of PkR10.7 billion, translating to earnings per share (EPS) of PkR8.25, ma...

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Ethiopian Envoy Urges Karachi Businesses to Tap African Markets via Ethiopia

April 28, 2025 Business, General Business News

KARACHI: The Ethiopian Ambassador to Pakistan, Dr. Jemal Beker Abdula, has called on Karachi's business community to leverage Ethiopia as a strategic entry point into Africa's vast market of 1.5 billion people. Speaking at the Karachi Chamber of Comme...

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Currency Exchange Rates Show Slight Fluctuations Across Various Currencies

April 28, 2025 Business, General Business News

Karachi: The Exchange Companies Association of Pakistan released new figures on Monday, indicating minor fluctuations in the exchange rates of several major foreign currencies against the Pakistani Rupee. The United States Dollar showed a slight inc...

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Lucky Cement Reports Strong Earnings Growth Amid Expanding Operations

April 28, 2025 Business, General Business News

Karachi: Lucky Cement Limited (LUCK) presented its third-quarter fiscal year 2025 financial results and strategic outlook in a corporate briefing, revealing significant earnings growth driven by increased income. The company reported a stand-alone pro...

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Asianet Pakistan

Asia Net Pakistan is a website that provides press release distribution and publishes news online across various sectors including business, politics, sports, and entertainment. The primary goal is to keep readers informed about happenings that can impact their lives. The website publishes news and highlights issues, urging concerned authorities to address them.

  • Hot, Humid Weather and Possible Rain in Specific Regions

    2 days ago
  • Nation Stands Firmly with Security Forces Against Terrorism: President

    2 days ago
  • GB CM Directs Officials to Resolve Public Complaints on Priority

    2 days ago
  • Naqvi Condemns Attack on Balochistan Home Minister’s Convoy

    2 days ago
  • Balochistan CM Announces Government Jobs for Men Who Aided Acid Attack Victim

    2 days ago

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