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Category: Business

Amreli Steels Eyes Growth with Restructuring and Market Expansion

Karachi: Amreli Steels Limited (ASTL) conveyed an optimistic outlook during a recent corporate briefing hosted by Topline Securities, detailing strategic initiatives aimed at boosting its financial performance and market position. Key highlights inclu…

Searle Company Targets Expansion Amid Strong Revenue Growth

Karachi: The Searle Company Limited (SEARL) held a corporate briefing session, unveiling a robust financial performance and strategic outlook. The company reported a 28% year-over-year revenue growth in the first quarter of fiscal year 2026 and is aim…

Amreli Steels Faces Tough Year Amid Financial Restructuring

Karachi: Amreli Steels Ltd. (ASTL) held its fiscal year 2025 analyst briefing, revealing significant declines in sales and production due to ongoing financial restructuring. The company reported a 59% decrease in sales, dropping to PkR16.1 billion fro…

KIBOR Rates Experience Marginal Adjustments Across Tenors

Karachi: The State Bank of Pakistan released the latest Karachi Interbank Offered Rate (KIBOR) figures, indicating slight adjustments in the bid and offer rates across various tenors.

The data, sourced from Refinitiv, shows that the 1-week tenor bid…

Pakistani Rupee Sees Fluctuations Against Major Currencies

Islamabad: The State Bank of Pakistan released the latest figures on the weighted average customer exchange rates, showing slight movements in the Pakistani rupee against major global currencies. The update reflects ongoing trends in the foreign excha…