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Systems Limited Projected to See Significant Profit Growth in 4QCY24

Karachi: Systems Limited is expected to report a notable increase in net profit after tax (NPAT) for the fourth quarter of the calendar year 2024, reaching PkR2.4 billion, compared to PkR1.5 billion in the same period last year. This growth is driven ...

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VIS Reaffirms Ratings for Multiline Securities Limited

Karachi: VIS Credit Rating Company Ltd. has reaffirmed the entity ratings of Multiline Securities Limited at 'A-/A2', maintaining a stable outlook. This decision reflects the company's good credit quality and sound short-term liquidity factors, amidst...

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State Bank of Pakistan Cuts Policy Rate to 12% Amid Economic Recovery

Karachi: The State Bank of Pakistan (SBP) announced a reduction in its Policy Rate by 100 basis points to 12%, marking the sixth consecutive rate cut in a sustained monetary easing effort. The decision is primarily driven by declining inflation and ai...

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Pakistan’s PM Vows to Empower Youth Through New Initiatives

Islamabad: Prime Minister Muhammad Shehbaz Sharif has reaffirmed the government's commitment to empowering the youth of Pakistan through transformative initiatives. Addressing the Commonwealth Asia Youth Alliance (CAYA) Summit, he emphasized the role ...

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Pakistan Bait-ul-Mal and HMR Foundation Forge Partnership to Empower Women

Islamabad: Pakistan Bait-ul-Mal (PBM) and Hum Mashal-e-Rah Foundation (HMR) have formally entered into a partnership aimed at empowering women and enhancing their professional skills through a Memorandum of Understanding (MoU). The agreement was signe...

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