Karachi: Meezan Bank Limited (MEBL) announced its financial results for the second quarter of the calendar year 2024 today, posting an unconsolidated net profit after tax (NPAT) of PKR 26.6 billion, with earnings per share (EPS) at PKR 14.9. The resul…
Islamabad: Currency exchange rates in Pakistan have shown minor fluctuations over the past day, with the US dollar, Euro, and British Pound remaining within tight margins, as per the latest data from the foreign exchange market.
According to Exchang…
Karachi: Pak-Qatar Asset Management Company Limited (PQAMC), a prominent Islamic asset management firm in Pakistan, declared a monthly dividend of PKR 1.7952 per unit for its Pak-Qatar Monthly Income Plan (PQMIP) as of July 2024, reflecting a robust a…
Islamabad: Despite a dip in local offtakes, major Pakistani cement companies are expected to report significant earnings growth for the fourth quarter of fiscal year 2024, as per recent forecasts. The anticipated growth is largely attributed to higher…
Karachi: VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings for Indus Home Limited at ‘A-/A-2’, indicating a stable financial outlook and a good credit quality. The long-term rating of ‘A-’ suggests adequate protection factors, …
Muscat: Descon Engineering – Industrial Services Oman has secured a significant contract to handle the Reformer works package for the Oman Methanol Turnaround scheduled for 2025. This project marks the largest such undertaking by Descon under the dire…