Islamabad: Fauji Cement Company Limited (FCCL) reported a 2% increase in earnings for the first quarter of fiscal year 2026, but the results fell short of expectations due to declining gross margins. The company announced earnings of Rs3.29 billion, t…
KARACHI: The State Bank of Pakistan’s recent decision to maintain the policy interest rate at 11 percent has drawn criticism from Muhammad Ikram Rajput, President of the Korangi Association of Trade and Industry (KATI). The rate, unchanged for the fou…
Karachi: The President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Atif Ikram Sheikh, has voiced strong opposition to the State Bank of Pakistan’s decision to maintain its policy interest rate at 11%. He labeled the move a…
Karachi: Local mobile phone manufacturing in Pakistan saw a substantial increase in September 2025, with a 55% month-on-month rise in production, according to the Pakistan Telecommunication Authority. The number of mobile units manufactured or assembl…
KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has expressed dissatisfaction with the State Bank of Pakistan’s decision to keep the benchmark interest rate steady at 11 percent, describing it as a lost chance to alleviate the financial b…
Karachi: Allied Bank Ltd (ABL) conducted its analyst briefing, revealing a 28% year-on-year decrease in standalone net profit after tax (NPAT) for the first nine months of the calendar year 2025. The bank attributed this reduction to a decline in net …