Karachi, Pakistan State Oil (PSO), the leading energy company in Pakistan, maintained its industry dominance and posted a net profit of PKR 13.4 billion in the nine months of FY24. The company’s Board of Management (BoM) reviewed the performance for th…

Karachi, FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for the first quarter of 2024, showing a 21% increase in topline revenue. The company’s revenue for the quarter reached PKR 27.5 billion, compared to PKR 22.7 bill…

Islamabad, The Capital Development Authority (CDA) is seeking approval from the federal cabinet to construct two new five-star hotels in Sector F-5 of Islamabad. This initiative follows a meeting chaired by Prime Minister Shehbaz Sharif, where CDA subm…

Lahore, Imran Ameen, CEO of the Central Business District (CBD), attended a meeting chaired by Lahore Development Authority (LDA) Director General Tahir Farooq to discuss the LDA’s restructuring, as reported by a news source. The meeting aimed to impro…

Karachi, Nestle Pakistan reported that its revenue for the three-month period ending March 31, 2024, rose to PKR 54.4 billion, marking a 9.7% increase compared to the same period last year. This growth can be attributed to broad-based expansion across …

Karachi, Indus Motor Company and Honda Atlas Cars are set to report significant increases in their upcoming quarterly earnings, as per forecasts by AKD Securities Limited. Indus Motor is expected to announce a 95% increase in its third-quarter earning…

New York, The consumer price index (CPI) for April 2024 is projected to rise to 17.6%, marking a 23-month low, and is expected to further expand the positive real interest rate (RIR) by an additional 310 basis points (bp).

According to JS Global, Th…

Karachi, The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has announced its support for the introduction of direct flights between Pakistan and Azerbaijan, a move expected to enhance bilateral trade and economic ties significantly….

Karachi, The Hub Power Company (HUBC) and Nishat Power Limited (NPL) are expected to report substantial earnings growth for the third quarter of FY24, driven by increased power generation and improved operational efficiencies.

According to AKD Secur…

Karachi, The Exchange Companies Association of Pakistan has reported relatively stable foreign exchange rates for major currencies over the past two days, indicating a steady economic environment in the local market.

According to Exchange Companies …