ISLAMABAD: The Federal Board of Revenue (FBR) set a deadline of November 30, 2023, for banks to settle a 40 percent additional tax on windfall income, profits, and gains earned …
Profits
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EconomyExclusive
Five banks in Pakistan report Rs 450 billion record profit in 9 months of calendar year 2023: Meezan Bank takes lead
Five Banks ISLAMABAD: Pakistan’s five leading banks in Pakistan have reported a massive profit of 450 billion rupees in the first nine months of the ongoing calendar year. It is …
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Economy
Bank Al-Falah reports over 200% growth in its profit in six months of 2023
by Hamza Irshadby Hamza IrshadBank Al-Falah reports over 200% growth in profit ISLAMABAD: Bank Al-Falah Limited today reported more than 200% growth in its profit for six months of 2023. The bank posted a …
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EconomyExclusive
Four mega companies in Pakistan report Rs 100 billion profits in 2023
by Hamza Irshadby Hamza IrshadISLAMABAD: Four mega companies operating in Pakistan reported huge profits in 2023. Some companies have reported half-yearly profits while some have announced full-year financial results, ending June 2023. Nestle Pakistan …
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Microfinance sector continued its positive stride during the year, with total assets increased by 31.65 percent to reach Rs 492.62 billion in CY20 from Rs 374.20 billion in CY19.
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EconomyLatest Updates
Pakistan a Cash Cow for Car Industry: Suzuki back in the Profit game
by Hamza Irshadby Hamza IrshadFrom a loss of Rs 941mn to a profit of Rs 777mn for a quarter ending March 31 on higher sales of Rs 36.1bn.