Karachi: The Korangi Association of Trade and Industry (Kati) has raised concerns over the delay in the release of a 33 billion rupee electricity subsidy promised to Karachi’s industrialists. Kati’s President, Johar Kandhari, expressed dissatisfaction…
Karachi: Cherat Cement Company Ltd. (CHCC) unveiled its fourth-quarter financial results for FY24, marking a significant rise in earnings despite a substantial tax burden. The company reported net earnings of PkR0.9 billion, translating to an earnings…
Islamabad: Bank Alfalah Limited (BAFL) today announced a profit of PKR 20.6 billion for the first half of 2024, marking an 11% increase year-over-year, fueled by significant growth in non-interest income and net interest income (NII). The bank also re…
Islamabad: Pakistan is anticipated to see inflation drop into single-digit territory for the first time in three years by August 2024, even with a minor monthly uptick, signaling a possible shift towards more favorable economic conditions. The Consume…
Islamabad: The latest industry figures report a 6% year-over-year increase in oil reserves and a 2% rise in gas reserves, setting a positive tone for exploration and production activities. This update, drawn from the June 2024 data by the Petroleum Po…