News Desk

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KSE-100 Index closes at 162,163.81; rupee posts marginal gain against US dollar

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Drop in operating profit, driven by higher administrative expenses and lower sales, eclipsed a significant reduction in finance costs

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MPC maintains stance despite inflation spike, citing positive growth momentum, contained flood impact, and a resilient external sector; forecasts inflation to temporarily exceed target before easing

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Tech giant posts Rs1.58 billion quarterly profit, declares Rs2 per share dividend as revenue climbs 11% and profitability improves significantly

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Company's top-line shrinks by 20.5% as finance costs and operational challenges squeeze profitability working capital position deteriorates sharply

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Transfer formalised under government-approved restructuring plan, effective May 2025

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Talks on tradable goods, logistics and operations nearing completion, says railways minister

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Rates fall to Rs200 per kg in Karachi after hitting Rs700; traders warn of shortage can re-emerge by March or April next year as floods hit Punjab crop

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Faisal Karim Kundi calls limits “unconstitutional,” says they threaten food security and violate Article 151

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Seker to replace Sakib Eltaff, who will continue until end of 2025 term

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Proposed amalgamation of Shifa Medical Center into parent company aims to cut costs, improve efficiency, and expand asset base

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Company reports 46% profit growth in nine months; eyes acquisitions in Europe and US to accelerate expansion