Karachi: The currency exchange rates for major global currencies against the Pakistani Rupee witnessed minor fluctuations over the past two days, reflecting a steady economic environment.
According to a statement by Exchange Companies Association o…
Karachi: Lucky Cement Ltd. (LUCK) has reported a notable increase in its financial performance for the second quarter of the fiscal year 2025, with standalone earnings reaching PKR 7.3 billion, up 7% from the same period last year. This growth exceede…
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Bhanero Textile Mills Limited at ‘A+/A1’. The ratings reflect strong credit quality and liquidity, with a stable outlook, amid economic pressures and industry challenges. …
Karachi: The banking sector in Pakistan is bracing for a challenging fourth quarter, with anticipated declines in profitability driven by shrinking net interest margins and increased taxation costs. Despite these hurdles, dividend payouts are expected…
Islamabad: The Board of Directors of Bank Alfalah Limited has approved the financial results for the year ended December 31, 2024, showcasing a robust performance in challenging conditions. The bank reported a profit after tax of PKR 38.318 billion, w…
Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) hosted a significant meeting of the Pakistan-UAE Business Council at its headquarters in Karachi. The gathering was aimed at bolstering trade ties between Pakistan and the U…
Karachi: Bank Alfalah Limited (BAFL) announced its fourth-quarter financial results for the year 2024, revealing a profit of PkR4.7 billion, which marks a decrease of 49% compared to the previous year and a 64% drop from the previous quarter. Despite …