KARACHI: The President of the SITE Association of Industry, Ahmed Azeem Alvi, has voiced serious concern over the State Bank of Pakistan’s decision to maintain the policy rate at 11 percent. According to Mr. Alvi, this decision neglects the longstandi…
Karachi: Engro Fertilizers Limited (EFERT) has reported a substantial increase in profitability for the second quarter of the calendar year 2025, driven by robust sales and improved margins. The company announced consolidated earnings of PKR 5.6 billi…
Karachi: The Chairman of the Pakistan Chemicals and Dyes Merchants Association (PCDMA), Salim Valimuhammad, has voiced his disapproval of the State Bank of Pakistan’s (SBP) decision to maintain the policy interest rate at 11 percent. He described the …
Karachi: The pace of tax reforms in Pakistan remains sluggish and unsatisfactory, according to Mian Zahid Hussain, a prominent figure in the business community. Hussain, who holds multiple leadership roles, emphasized that the country’s economic polic…
Karachi: Ghani Glass Ltd. (GHGL) and Ghani Value Glass Ltd. (GVGL) held an analyst briefing to discuss the financial results of the first nine months of the fiscal year 2025, with mixed outcomes attributed to prevailing economic conditions.
GHGL rep…
Karachi: Banks in Pakistan are expected to report a year-over-year decline in core income for the second quarter of the calendar year 2025, according to a financial preview provided by JS Global. The contraction is attributed to narrowing net interest…