Karachi: Systems Limited (SYS), a prominent IT services firm, reported a decrease in its earnings for the first half of the calendar year 2024, with earnings dropping to PKR 3.2 billion from PKR 5.3 billion in the same period last year. The company’s e…
Karachi: The KSE-100 index experienced a 0.4% week-on-week decline, closing at 78,488 points, influenced by Pakistan’s exclusion from the IMF’s executive board meeting agenda. Despite global rating agency Moody’s upgrading Pakistan’s debt ratings, mark…
Karachi: Oil and Gas Development Company (OGDC) has made a new discovery at the Baloch-2 well in the Sinjhoro Block, Sindh, which is expected to significantly boost its production with 388 barrels of condensate and 6.8 million cubic feet of gas per day…
Karachi: Pakistan State Oil (PSO) and Fauji Cement Company Ltd. (FCCL) announced their financial results for FY24 today, revealing substantial year-over-year earnings growth and unexpected dividend payouts. PSO recorded a significant increase in profit…
Karachi: Systems Limited is anticipated to report a substantial year-over-year revenue increase and solid profit in its second-quarter results for CY24, reflecting continued growth in the Middle East, Africa, and North American markets.According to AKD…
Karachi: MCB Limited has disclosed its financial results for the first half of 2024, reporting a 20% increase in profit before tax, which amounted to PKR 31.9 billion. The results reflect strong gains in net markup and non-interest income despite econo…