Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has assigned entity ratings to Jazaa Global (Private) Limited, reflecting the company’s robust financial profile and effective market strategies. Jazaa Global, known for its diverse portfolio o…
Islamabad: In a recent move by the government, the withholding tax on cement has been raised to 2.5% for non-filers, leading to a significant increase in the prices of cement across various brands. The escalation in tax rates has resulted in an increas…
Lahore: In a significant boost to regional infrastructure and social programs, the Punjab government has approved nine new development schemes with a combined allocation exceeding PKR 50 billion.According to Zameen.Com, the funding approval occurred du…
Karachi: Engro Fertilizers Ltd. (EFERT) revealed a significant earnings increase in its second quarter of 2024 financial results, despite facing higher maintenance costs. The company posted consolidated earnings of PKR 1.7 billion, up 57% from the same…
Islamabad: United Bank Limited (UBL) disclosed its financial outcomes for the second quarter of 2024 today, presenting a net profit after tax (NPAT) of PKR 15.27 billion, with an earnings per share (EPS) of PKR 12.1. The results reflect a 7% decline fr…
Karachi: The banking sector is set to maintain robust dividend payouts in the second quarter of 2024, with AKD Securities projecting a significant 26% year-over-year jump in net profit after tax (NPAT) for its banking universe. The anticipated NPAT for…
Islamabad: Pakistan’s fiscal landscape has shown significant improvement as the country recorded a primary budget surplus of 0.9% of GDP in FY24, the first in 20 years, despite a fourth-quarter deficit of 0.6%. The annual fiscal deficit for FY24 improv…
Karachi: The KSE-100 index saw a significant upturn yesterday, gaining 798 points to close at 78,828, with 370 million shares traded. This surge in the stock market was led by notable performances in various sectors, particularly in technology, cable, …
Karachi: The KSE-100 index endured a volatile trading session, opening on a positive note but ultimately concluding with a loss. The index posted a high of 499 points and a low of 310 points before settling at 78,629 points, marking a decline of 199 po…
Karachi: The Pakistani Rupee showed minimal fluctuations against major currencies in the foreign exchange markets on July 30 and 31, 2024, as detailed by the latest figures from the Exchange Companies Association of Pakistan.According to Exchange Compa…
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