Karachi: Gold prices in Pakistan experienced a significant rise, reflecting a parallel increase in international markets. The cost of gold per tola of 24 karat reached Rs. 309,500, marking an increase of Rs. 1,500 from previous rates.
According to a…
Karachi: Currency exchange rates exhibited minor fluctuations across various markets, as detailed in a recent report from the Exchange Companies Association of Pakistan. The report indicates changes in the buying and selling rates for several major cu…
Lahore: MCB Bank Limited (MCB) recently conducted an analyst briefing to discuss its financial results for the calendar year 2024 and its future outlook. The bank reported a profit decline of 3.4% year-on-year, totaling PkR57.6 billion, primarily due …
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the entity ratings of Jinn Petroleum (Pvt.) Limited, marking a significant development for the emerging oil marketing company. The long-term rating has been improved from BBB to B…
Karachi: Lucky Cement Company Limited (LUCK) has announced significant earnings growth for the second quarter of the fiscal year 2025, driven by increased cement dispatches and strategic cost efficiency measures. The company’s earnings per share (EPS)…
Karachi: The Sindh High Court has upheld the legality of Section 99D of the Finance Bill 2023, dismissing petitions from commercial banks that challenged the windfall tax. This decision allows the Federal Board of Revenue (FBR) to enforce the tax, lea…