Karachi: The Overseas Investors Chamber of Commerce and Industry (OICCI) has unveiled a series of tax reform recommendations for the Federal Budget 2025-26, aiming to increase Pakistan’s tax-to-GDP ratio to 14 percent from its current rate of less tha…
Karachi: Cherat Cement Company Ltd. (CHCC) reported a significant boost in its third-quarter earnings for the fiscal year 2025, surpassing market expectations due to improved gross margins. The company recorded a profit of PkR1.7 billion, marking a 35…
Karachi: The third-quarter earnings forecasts for Mughal Iron and Steel Ltd. (MUGHAL) and Amreli Steels Ltd. (ASTL) indicate a challenging period for Pakistan’s long steel sector, as both companies grapple with subdued profitability due to persistent …
KARACHI: The Chairman of the National Tariff Commission (NTC), Naeem Anwar, has emphasized the commission’s dedication to safeguarding domestic industries while ensuring consumer protection. Speaking at a recent meeting at the SITE Association of Indu…
Islamabad: Careem, the leading ride-hailing service in Pakistan, has secured an Effie Award in the Software category. The accolade was given for the company’s “Take Back Your Marzi with Flexi” campaign, showcasing its commitment to impactful and custo…
Karachi: The Exchange Companies Association of Pakistan announced new currency exchange rates on Tuesday. According to the latest figures, the US Dollar is being bought at 281.31 and sold at 282.87 in the open market.
The Euro is being bought at 319…
LAHORE: Nishat Chunian Ltd. (NCL) reported a significant increase in earnings for the third quarter of fiscal year 2025, largely attributed to reduced borrowing costs. The company announced earnings of PkR481 million, equivalent to an earnings per sha…
Karachi: Pakistan State Oil Ltd. (PSO) reported a 28% year-on-year decline in its third-quarter earnings, posting a profit after tax of PkR4.1 billion. The company’s earnings per share stood at PkR8.71, which came in slightly below analysts’ expectati…