Business
Gul Ahmed Textile Mills Closes Export Apparel Business
Gul Ahmed Textile Mills has decided to close business operations of the export apparel segment due to sustained margin pressure. In a notice to Stock Exchange,…
Business
Business
Air Link Reports 22% Growth in 4QFY25
Air Link Communication (AIRLINK) reported a 22% YoY growth in consolidated earnings to Rs 4.79/share in 4QFY25. This takes FY25 earnings to Rs12.01/share, up 3% YoY.…
Business
Cement Profits Rise 60% in 4QFY25
Pakistan’s listed cement sector reported earnings of Rs30.91bn, up by 60% YoY and down by 8% QoQ. Sales for the cement sector remained flattish on a…
Business
Acetate Tow Tracking Exposes Pakistan’s Illicit Cigarette Gap
The findings of an independent study on illicit cigarettes, conducted by Alvarez & Marsal (A&M), were shared with the media. A&M is a leading global professional…
Business
Pakistan Pressed on Reforms in IMF Negotiations
The International Monetary Fund has asked Pakistan for a detailed report on anti-money laundering measures during continuing negotiations for the seven billion dollar loan program. Officials…
Business
TOMCL Posts Rs 30M Loss in 4QFY25
The Organic Meat Company (TOMCL) has posted a net loss of Rs30 million in 4QFY25, possibly drop in exports. The company announced results on Monday where…
Business
PSX Roars Higher, Closes at 163,847
The bulls kept their grip firm at the Pakistan Stock Exchange (PSX) on Monday, with the benchmark index soaring to an intraday high of 1,646 points…
Business
Report warns Pakistan trapped in vicious debt cycle
Pakistan’s debt burden has reached alarming levels, with every citizen now owing Rs 318,252, according to latest estimates by the Economic Policy & Business Development Think…
Business
Pakistan Offers Subsidy to Boost Electric Scooter Sales
The government has rolled out incentives under the Pakistan Accelerated Vehicle Electrification scheme, offering citizens easy access to electric scooters through subsidised and interest-free instalment plans.…
Business
Islamabad Under Pressure as IMF Questions Tax Targets
Pakistan entered the second round of economic review talks with the International Monetary Fund, presenting data on tax collection, fiscal performance, and widening revenue shortfalls. The…