Karachi: VIS Credit Rating Company Limited (VIS) has announced the maturity of the rating for the Short Term Sukuk-1 (STS-1) issued by Al-Karam Textile Mills (Private) Limited. The sukuk, valued at PKR 4.0 billion, has reached its maturity following i…
Karachi: United Bank Ltd (UBL) has reported a notable increase in its net profit after tax (NPAT) for the first quarter of the calendar year 2025, amounting to PkR36.1 billion, a significant rise of 126% year-on-year and 39% quarter-on-quarter. The ba…
Karachi: Pakistan’s leading oil marketing companies, Pakistan State Oil (PSO) and Attock Petroleum Limited (APL), are expected to report a combined net profit after tax (NPAT) decline of 17% year-on-year and 28% quarter-on-quarter for the third quarte…
Islamabad: At a prominent economic forum titled “Navigating the Unknown,” Yousaf Hussain, President of the Overseas Investors Chamber of Commerce and Industry (OICCI), called on the government and national stakeholders to adopt a unified economic stra…
Karachi: President of the Korangi Association of Trade and Industry (KATI), Junaid Naqi, recently met with Dr. Bakheet Ateeq Al-Remeithi, the Consul General of the United Arab Emirates in Karachi, to explore avenues for enhancing bilateral trade and p…
Karachi: Currency exchange rates in Pakistan have shown a stable trend, according to the latest figures released by the Exchange Companies Association of Pakistan. The data, reflecting interbank and open market rates for several major currencies, indi…