Karachi: FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for the first quarter of 2025, revealing a 5.3% decline in net sales compared to the same period last year. The company attributed this downturn to the imposition…
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has updated the entity ratings of Alfalah Securities (Private) Limited (ASPL), placing them on Rating Watch. ASPL, a mid-sized brokerage firm in Pakistan and a wholly-owned subsidiary of Bank …
Karachi: MCB Bank Limited has announced its financial results for the first quarter of 2025, revealing a 17% decline in profit compared to the same period last year. The bank reported a profit of PkR13.8 billion, or PkR11.7 per share, which fell sligh…
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Tariq Corporation Limited at ‘BBB/A3’, indicating adequate credit quality with stable outlook. The company’s ratings reflect the challenges and stability within Pakistan’s…
Karachi: Pakistan’s Consumer Price Index (CPI) is projected to drop to 0.3% in April 2025, marking the lowest level in over six decades. The decline is largely attributed to a significant decrease in food inflation, which is anticipated to see a year-…
Karachi: The Exchange Companies Association of Pakistan (ECAP) reported the closing exchange rates for major currencies in the open market as of April 22, 2025. The data, sourced from the State Bank of Pakistan, indicates consistent buying and selling…