Islamabad: The KSE-100 index experienced a dramatic downturn, plummeting 1,702 points to close at 154,440 despite showing initial strength and a recent history of positive closings. This substantial drop underscores the market’s ongoing volatility.
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Islamabad: Bestway Cement Limited (BWCL) announced a significant 73% year-over-year increase in profit for the fiscal year 2025, reaching PkR23.9 billion (EPS: PkR40.0), compared to PkR13.8 billion (EPS: PkR23.1) in FY24. This substantial growth comes…
Islamabad: The State Bank of Pakistan (SBP) has held its benchmark interest rate steady at 11% amidst the ongoing floods, a decision consistent with market anticipations. The Monetary Policy Committee (MPC), in its statement, acknowledged a slight wor…
Islamabad: Lucky Cement Ltd (LUCK) anticipates modest cement demand expansion in FY26, projecting a 5% rise despite a recent increase in cement shipments. The corporation conveyed this conservative outlook during its Corporate Briefing, where it revie…
Islamabad: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Vice President Muhammad Aman Pracha expressed his disapproval of the State Bank’s choice to hold steady the benchmark interest rate.
Pracha noted that Pakistan’s lending ra…
Islamabad: Korangi Association of Trade and Industry (KATI) President Junaid Naqi expressed profound dissatisfaction with the State Bank of Pakistan’s decision to hold the monetary policy rate at 11 percent, particularly given the record-low inflation…