Loss-making State-Owned Enterprises (SOEs) recorded total losses of Rs. 851 billion in FY 2023-24, a 14.03 percent reduction year-on-year. According… Read More
UBL Was The 2nd Most Profitable After Meezan Bank in 2024
United Bank Limited (UBL) Wednesday announced a consolidated profit after (PAT) tax of Rs. 75.78 billion for the calendar year… Read More
Millat Tractors’ Profit Declines By 31% in First Half of FY25
Millat Tractors Limited (PSX: MTL) announced its 1HFY25 financial results wherein it posted a profit after tax of Rs. 3.6… Read More
Bank Loans for Buying Cars Down 2% in January 2025
Car financing decreased by Rs. 4 billion or 2 percent year-on-year (YoY) by the end of January 2025 to Rs.… Read More
Pakistan Borrowed 27% Fewer Loans in 7 Months of FY25 Than Last Year
Pakistan borrowed $4.585 billion from multiple financing sources during the first seven months (July-January) of the current fiscal year 2024-25… Read More
IT Exports Cross $2 Billion Mark in 7 Months of FY25
Pakistan recorded IT exports of US$ 2.18 billion in seven months of fiscal year 2024-25, up by 27 percent YoY… Read More
Rupee Nears 280 Against US Dollar After 2nd Consecutive Decline
The Pakistani rupee (PKR) closed in red against the US Dollar (USD) 2nd day in a row today after opening… Read More
Pakistan’s Textile Exports Increase By Over 10% in 7 Months of FY25
Pakistan’s textile exports surged 15.85 percent year-over-year in January 2025 to $1.686 billion, according to latest data. In the first… Read More
Rupee Depreciates Against Most Currencies to Resume Miserable Run
The Pakistani rupee (PKR) closed in red against the US Dollar (USD) today after opening trade at 279 in the… Read More
Rupee Ends 3-Day Losing Streak Against US Dollar to End Stressful Week
The Pakistani rupee (PKR) closed in green against the US Dollar (USD) today after opening trade at 279 in the… Read More
Meezan Bank Breaks All-Time Record for Profit in 2024
Meezan Bank (MEBL) announced its calendar year 2024 results today, whereby the bank’s earnings surged to Rs. 101.5 billion (EPS… Read More
Rupee Closes Session in Red Against US Dollar 3rd Day in a Row
The Pakistani rupee (PKR) closed in red against the US Dollar (USD) today after opening trade at 280 in the… Read More
