AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service

Karachi, United Insurance Co. of Pakistan Ltd. will hold its Annual General Meeting on April 29, 2024, at 10:30. The company has also set the BC-2 start date for April 18, 2024, in Karachi.

Islamabad, Pakistan Telecommunication Company Limited (PTCL), the nation's top telecom and ICT service provider, has reported a 14% year-over-year revenue increase for the first quarter of 2024. Despite a net loss, the group has seen robust growth in ...

The post PTCL Group Reports 14% Revenue Growth in Q1 Amid Expanding Digital Services appeared first on Pakistan Business News.

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.