AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service

Lahore: Sazgar Engineering Works Limited (SAZEW) reported a robust financial performance for the first quarter of fiscal year 2026, surpassing industry expectations. The company announced a profit of Rs4.4 billion, translating to earnings per share (E...

Karachi: The Exchange Companies Association of Pakistan (ECAP) released its open market closing exchange rates for October 15, 2025, indicating slight fluctuations in currency values. The United States dollar was recorded at a buying rate of 281.63 an...

Karachi: Pak-Qatar Asset Management Company Limited (PQAMC) has been upgraded to an AM2 rating with a Positive Outlook by the Pakistan Credit Rating Agency (PACRA). This recognition highlights the company's consistent growth and strong performance in ...

Karachi: Banks in Pakistan are bracing for a challenging third quarter of the calendar year 2025, with forecasts indicating a year-over-year decline in core income. This is attributed to the contraction in net interest margins (NIMs) amid declining yi...

Karachi: The State Bank of Pakistan extended significant liquidity support to financial institutions through its overnight reverse repo facility, according to a recent release by the central bank's Domestic Markets and Monetary Management Department. ...

Karachi: United Bank Limited (UBL) announced a significant increase in its third-quarter earnings for 2025, reporting a 93% year-on-year rise to Rs35.4 billion, with earnings per share (EPS) reaching Rs14.1. This performance aligns with market expecta...

Karachi: Mian Zahid Hussain, a prominent figure in Pakistan's business community, has praised the diplomatic endeavors of Prime Minister Mian Shehbaz Sharif and Chief of Army Staff Field Marshal Asim Munir, attributing recent economic advancements to ...