April 18, 2024 - Pakistan Business News

FLASHNEWS:

Karachi Stock Exchange Surges to New High Amidst Positive Economic Indicators and Foreign Investment

Nishat Mills Limited Reports Loss in Third Quarter FY24 Due to Shrinking Margins and Increased Costs

United Business Group Calls for Collaborative Effort to Overcome Pakistan’s Economic Crisis

Muhammad Hussain Qureshi Appointed Deputy Convenor of FPCCI’s Sindh Regional Committee

Home » Archives for April 18, 2024

Day: April 18, 2024

Anaqua Transforms Foreign Patent Filing into a Strategic Advantage for Intellectual Property Professionals

April 18, 2024

BOSTON, April 18, 2024 (GLOBE NEWSWIRE) — Anaqua, the leading provider of innovation and intellectual property (IP) management technology for corporations, law firms and governments, announces advancements in its Foreign Filing offering, enhancing the capabilities of its IP management platform, AQX®. Anaqua has shifted the paradigm of foreign filing for IP professionals from a burdensome set […]

Unveiling the 8th Future Investment Initiative’s theme: “Infinite Horizons: Investing Today, Shaping Tomorrow”

April 18, 2024

FII 8th Edition Main Thematic Visual RIYADH, Saudi Arabia, April 18, 2024 (GLOBE NEWSWIRE) — The Future Investment Initiative (FII) Institute is excited to announce the theme for its upcoming 8th edition of the FII conference, scheduled for October 29-31, 2024, at the prestigious King Abdulaziz International Conference Centre (KAICC) in Riyadh, Saudi Arabia. Under […]

KSE-100 Experiences Volatility, Closing Lower in Recent Session

April 18, 2024

Karachi, The KSE-100 index faced significant fluctuations in its last trading session, opening on a negative note and remaining volatile throughout the day. The index posted a high of 242 points but dipped to a low of 446 points before settling with a…

KSE-100 Sees Decline, Mixed Indicators Suggest Uncertain Future in Karachi Market

April 18, 2024

Karachi, The KSE-100 index closed down 150 points at 70,333, continuing its recent downward trajectory. Trading volumes also saw a decrease, highlighting investor caution amidst mixed market signals. Analysts expect the index to test previous highs an…

Karachi Stock Exchange Sees Modest Movements Amid Varied Sector Performances

April 18, 2024

Karachi, The Karachi Stock Exchange experienced slight declines with the KSE 100 index closing at 70,290, down by 43 points day-over-day. This minor drop comes amid notable gains in the Auto and Refinery sectors, with National Refinery Limited closing…

HBL Launches Women’s Tekken Tournament in Lahore to Empower Female Gamers

April 18, 2024

Lahore, Habib Bank Limited (HBL) has announced the launch of a women-only Tekken 8 tournament, aimed at empowering female gamers in Lahore and promoting inclusivity in the Esports industry. The event, scheduled for April 20, 2024, is part of HBL’s ‘Au…

Pakistani Banks to Implement IFRS 9 Standards Starting January 2024

April 18, 2024

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…

Cement Companies’ Earnings Outlook Mixed in Upcoming Quarterly Results

April 18, 2024

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…

VIS Credit Rating Reaffirms ‘A+/A-1’ Ratings for Zephyr Power Limited with Stable Outlook

April 18, 2024

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…

PTCL Group Reports 14% Revenue Growth in Q1 Amid Expanding Digital Services

April 18, 2024

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 …