AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service

Prime Minister Anwaar-ul-Haq Kakar has reiterated that Pakistan is persistently raising the Palestine issue at the global fora and the recent aggression by Israel is leading to human catastrophe in Gaza.Talking to the media during his visit to Mayo Hos...

Islamabad, In a recent meeting of the Islamabad Chamber of Commerce and Industry (ICCI) Executive Body, concerns were raised over the government's substantial hike in gas prices. Ahsan Zafar Bakhtawari, President of the ICCI, voiced fears that these in...

The post ICCI Warns of Economic Impact Following Drastic Gas Price Increase appeared first on Pakistan Business News.

Islamabad, MCB Islamic Bank, in its recent financial update, revealed a substantial ascent in its Profit before Tax (PBT) for the third quarter, marking a remarkable 348% increase from the same period in the previous year. The bank's PBT climbed from P...

The post MCB Islamic Bank’s Q3 PBT Skyrockets to PKR 7.5 Billion appeared first on Pakistan Business News.

Karachi, Lucky Cement Limited (LCL) continues to hold its robust credit position as VIS Credit Rating Company Limited reaffirms its entity ratings of ‘AA+/A-1+’. These ratings indicate a high credit quality for the medium to long term and an outstandin...

The post VIS Credit Rating Company Reaffirms ‘AA+/A-1+’ Ratings of Lucky Cement Limited appeared first on Pakistan Business News.

Karachi, Gadoon Textile Mills Limited (GTML) has once again secured the entity ratings of 'A+/A-1' from VIS Credit Rating Company Limited (VIS). The medium to long-term rating of 'A+' represents good credit quality with adequate protection factors. How...

The post VIS Upholds ‘A+/A-1’ Ratings for Gadoon Textile Mills with Stable Outlook appeared first on Pakistan Business News.

Karachi: The AKD Islamic Stock Fund has reported an offer price of 46.08 and a redemption price of 44.74 for the year ending in June 2023. The fund, which has been in operation since 2018, has not declared any distributions for the years 2021, 2022, a...

Karachi: The ABL Islamic Financial Planning Fund Strategic Allocation Plan II, established in 2016, reported no activity for the year 2023. The fund did not disclose offer or redemption prices, and no distributions were recorded. The last book closure...