Lahore: Sui Northern Gas Pipelines Ltd (SNGP) unveiled significant financial gains and expansion plans during its FY24 analyst briefing. The company reported a substantial 80% year-over-year increase in net profits, reaching PkR19 billion, alongside 1…
KARACHI: A wave of confusion has engulfed Pakistan’s trading community as the Federal Board of Revenue (FBR) grapples with the implementation of a contentious new tax regulation. The Pakistan Chemicals and Dyes Merchants Association (PCDMA) has critic…
Karachi: The HBL Pakistan Manufacturing Purchasing Managers’ Index (PMI) fell to an eight-month low of 51.1 in May, down from 51.9 in April, highlighting a slowdown in business activity amid geopolitical unrest and supply chain disruptions. Analysts h…
Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI), led by its President Atif Ikram Sheikh, has secured a commitment from the Federal Minister for Maritime Affairs, Junaid Anwar Chaudhry, to establish Pakistan’s own shipping…
Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of Masood Textile Mills Limited, highlighting the company’s robust position in the value-added textile sector. The company’s strategic focus on high-margin, fa…
KARACHI: The Pakistan Credit Rating Agency Limited (PACRA) has affirmed the entity ratings of K-Electric Limited, the sole vertically integrated power utility in Pakistan. The affirmation comes amid the company’s ongoing efforts to ensure a stable pow…