Lahore: Pak Elektron Limited (PAEL) has revised its earnings expectations for 2026 and 2027, citing lower gross profit margins and reduced sales in its power segment. Despite these adjustments, the company maintains a BUY stance, projecting a 40% pote…
Karachi: AGP Limited has unveiled a significant corporate reorganization plan aimed at consolidating its operations to increase shareholder value. The initiative, approved by the company’s board, involves merging several operating companies under the …
Karachi: The KSE-100 index experienced a significant rise, gaining 3,683 points to close at 168,514, marking an improvement over its previous close. The trading volume also saw an increase, reaching 729 million shares compared to 386 million shares tr…
Karachi: Union Microfinance Company Limited (UMCL) has received entity ratings from the Pakistan Credit Rating Agency Limited (PACRA) following significant restructuring efforts and capital injections aimed at expanding its operational capacity. The m…
KARACHI: Mian Zahid Hussain, President of the Pakistan Businessmen and Intellectuals Forum and Chairman of the National Business Group Pakistan, emphasized the enduring significance of the Pakistan-China alliance as a key factor in regional stability …
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has upheld the entity ratings of Olympia Chemicals Limited, a significant player in Pakistan’s alkaline chemicals industry, amidst challenging market conditions. The company’s ratings reflect i…