Karachi: Standard Chartered Bank (Pakistan) Limited, a leading international bank in the country, today announced its annual results for 2023, recording a profit before tax of PKR 89.2 billion, marking a 78% increase from the previous year. The bank a…
Karachi: The Exchange Companies Association of Pakistan reported slight fluctuations in the buying and selling rates of major currencies over two consecutive days. The data highlights minor adjustments in the rates for the US dollar, Euro, British pou…
Karachi: Pak Elektron Limited (PAEL) has revealed a mixed financial performance for the first half of 2024, with notable declines in sales volumes tempered by gains in profitability margins, as shared in today’s analyst briefing.
According to AKD Se…
Karachi: Shan Foods has announced the appointment of Tahir Malik as its first Global Chief Executive Officer, a strategic move aimed at strengthening its leadership across its extensive operations in over 70 countries. This appointment marks a signifi…
Karachi: Interloop Ltd. (ILP), a major player in the textile industry, reported a significant decline in its annual earnings for the fiscal year 2024, with profits falling by 22% year-over-year amid shrinking gross margins and rising operational costs…
Karachi: Local and international cotton prices have seen a notable recovery, with local prices increasing by 8% following a significant low in July 2024. This price adjustment comes in response to anticipated reductions in crop output globally, affect…