AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service

Karachi, The latest financial forecasts for key players in Pakistan's cement industry suggest varied performance in the upcoming quarterly earnings reports. Fauji Cement Company Limited (FCCL), D.G. Khan Cement Company Limited (DGKC), and Cherat Cemen...

The post Cement Companies’ Earnings Outlook Mixed in Upcoming Quarterly Results appeared first on Pakistan Business News.

Lahore, VIS Credit Rating Company has reaffirmed the entity ratings of Zephyr Power Limited (ZPL) at ‘A+/A-1’ for medium to long-term and short-term credit quality, respectively. The ratings reflect the company's robust financial health and stable eco...

The post VIS Credit Rating Reaffirms ‘A+/A-1’ Ratings for Zephyr Power Limited with Stable Outlook appeared first on Pakistan Business News.

Karachi, Starting January 1, 2024, Pakistani banks will begin reporting under the new International Financial Reporting Standard (IFRS) 9, a major shift from the current IAS 39 standards that govern financial instruments. This change, anticipated with...

The post Pakistani Banks to Implement IFRS 9 Standards Starting January 2024 appeared first on Pakistan Business News.

Karachi, Dawood Lawrencepur Ltd (Ticker: DLL) reported an EPS of Rs. 215 for the January-March 2024 period, along with a dividend of 70%. The company’s performance indicates a strong financial stance in the investment sector. Listed since 1953, Dawo...

Karachi, In June 2024, the UBL Government Securities Fund declared a 4.95% distribution, marginally increased to 4.97% this year. This fund, dating back to its 2011 listing, showed offer and redemption prices of 116.14 and 114.84, respectively.

Karachi, The JS Global Banking Sector ETF (JSGBETF) today declared its earnings, posting an EPS of Rs. 10.71 for January to March 2024. The ETF's fund size reached Rs. 88.263 million, trading 5,489,500 units at a rate of Rs. 16.46. The fund did not de...

Karachi, The Pakistan Capital Market Fund offered insights into its performance with an offer price of 14.04 rupees and a redemption price of 13.73 rupees. A distribution of 1.85 rupees per unit was recorded for the period ending June 2024.