Karachi: In a significant financial turnaround, Mughal Iron and Steel Industries Ltd. (MUGHAL) is expected to report a substantial increase in earnings for the first quarter of fiscal year 2026, according to a preview by JS Global. The company is anti...
Read More »Askari Bank’s Profit Surges 24% Amid Strong Non-Markup Income
Karachi: Askari Bank Limited (AKBL) has reported a significant rise in its net profit after tax (NPAT) for the third quarter of the calendar year 2025, reaching PkR7.5 billion, equivalent to an earnings per share (EPS) of PkR5.1. This marks a 24% incr...
Read More »Pakistan’s KIBOR Rates Show Minor Fluctuations Amid Economic Pressures
Karachi: The State Bank of Pakistan has released the latest Karachi Interbank Offered Rates (KIBOR), revealing minor fluctuations across various tenors as of October 29, 2025. The data, sourced from Refinitiv, provides insights into the country's lend...
Read More »Fauji Fertilizer Limited Reports Strong Financial Growth Amid Strategic Developments
Islamabad: Fauji Fertilizer Limited (FFC) held a corporate briefing today to discuss its financial performance and future plans, highlighting significant growth and strategic initiatives. The company reported a 14% year-over-year increase in earnings,...
Read More »Pakistan Stock Exchange Faces Continued Decline as KSE-100 Falls Below 50-DMA
Karachi: The Karachi Stock Exchange 100 Index saw a continued decline, closing at 158,465, a drop of 1,636 points. The volume of shares traded fell to 952 million from the previous 1,019 million. The index's dip below the 50-day moving average (DMA) s...
Read More »OGDC Reports 7% Decline in Quarterly Earnings Amid Lower Production and Rising Costs
Karachi: Oil and Gas Development Company (OGDC) has reported a decline in its financial performance for the first quarter of the fiscal year 2026, with earnings per share (EPS) falling to Rs8.91. This marks a 7% year-on-year decrease and a 5% drop fro...
Read More »High Interest Rate Criticized for Stunting Industrial Development
Karachi: The President of the United Business Group, Zubair Tufail, has voiced strong criticism against the State Bank of Pakistan's decision to maintain its policy interest rate at 11 percent, describing it as a significant barrier to the expansion o...
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