Lahore: Pak Elektron Limited (PAEL) has revised its earnings expectations for 2026 and 2027, citing lower gross profit margins and reduced sales in its power segment. Despite these adjustments, the company maintains a BUY stance, projecting a 40% pote…
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has reaffirmed the asset manager rating of National Investment Trust Limited (NITL), Pakistan’s oldest asset management company. The rating reflects NITL’s strategic advantage stemming from it…
Karachi: Pakistan Reinsurance Company Ltd. (PAKRI) announced a decline in its profitability for the calendar year 2025 despite a significant rise in its gross written premium. The company’s net profit dropped by 17% compared to the previous year, reac…
Karachi: The KSE-100 Index experienced a significant surge, gaining 3,683 points to close at 168,514, with an impressive volume of 727 million shares traded. The top performers in terms of price change included SCBPL, PGLC, and PIOC, while the leading…
Lahore: The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) has underscored the increasing strategic and economic significance of Gwadar Port within the framework of the China-Pakistan Economic Corridor (CPEC). The chamber emphasized th…
KARACHI: Aik by BankIslami has implemented Raast QR payments in cattle markets throughout Pakistan in preparation for Eid-ul-Azha 2026, aligning with the State Bank of Pakistan’s Go-Cashless campaign. The initiative aims to digitize traditional market…
KARACHI: The Karachi Stock Exchange saw significant gains in its key indices on Thursday, with the KSE30 and KSE100 both experiencing notable rises. The KSE30 index increased by 1,222.35 points to close at 50,579.18, while the broader KSE100 index cli…