Lahore: Tariq Glass Ltd. (TGL) presented its fiscal year 2025 results during an analyst briefing, revealing notable growth in sales and earnings, alongside a strategic outlook for continued improvement. The company highlighted a 13% increase in toplin...
Read More »PACRA Holds Steady Rating for ABL Income Fund, Reflecting Balanced Strategy
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the stability rating of the ABL Income Fund, acknowledging its medium-risk profile and strategic allocation that aims to deliver competitive risk-adjusted returns. The Fund's app...
Read More »Baluchistan Glass Ltd. Reports Increased Losses Amid Operational Challenges
Karachi: Baluchistan Glass Ltd. (BGL) announced an increased loss for the fiscal year 2025, with the company citing prolonged production shutdowns, rising raw material and energy costs, and higher financing expenses as key factors impacting its financ...
Read More »Pakistan Secures Swift IMF Agreement Amid Economic Reforms
Islamabad: Pakistan and the International Monetary Fund have reached a staff level agreement for the second review under the Extended Fund Facility, alongside the first review of the Resilience and Sustainability Facility. The agreement, finalized on ...
Read More »Mughal Iron and Steel Industries Maintains Stability Amid Sector Challenges
LAHORE: Mughal Iron and Steel Industries Limited has successfully maintained its entity ratings, demonstrating resilience amidst challenges in the steel sector and benefiting from macroeconomic improvements. Despite the pressures of high operational c...
Read More »Exchange Rates Shift as Pakistani Rupee Faces Pressures
KARACHI: The State Bank of Pakistan released updated exchange rates, reflecting ongoing fluctuations in the currency market. As of the latest report, the Pakistani rupee continues to experience pressures against major global currencies. The data fro...
Read More »Dubai Islamic Bank and Fauree Tech Unveil Shariah-Compliant Financial Platform in Pakistan
Karachi: Dubai Islamic Bank Pakistan Limited (DIBPL) has teamed up with Fauree Tech (Pvt.) Ltd. to introduce Pakistan's first multi-product, fully Shariah-compliant Digital Supply Chain Finance (DSCF) platform. The platform aims to provide rapid and t...
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