KARACHI: State Bank of Pakistan (SBP) on Monday issued the following Karachi Interbank Offered Rates (KIBOR) on October 25, 2021. Tenor BID OFFER 1 – Week 7.23 7.73 2 – Week 7.26 7.76 1 – Month 7.31 7.81 3 – Month 8.09 8.34 6 – Month 8.53 8.78 9 – Month 8.76 9.26 1 – Year 8.98 9.48
KARACHI: Unilever Pakistan Foods Limited on Monday announced a sharp growth of 55 per cent in net profit for the quarter ended September 30, 2021. The company made a profit of Rs1.19 billion for the quarter July – September 2021 as compared with Rs767 million in the same quarter of the last year. The company […]
KARACHI: The stocks have witnessed a decline of 149 points on Monday owing to inflationary pressure and rise in international oil prices. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell to 45,429 points as compared with last Friday’s closing of 45,578 points. Analysts at Topline Securities said that a lackluster session was observed […]
KARACHI: Tax practitioners have said that implementing digital payments mode for corporate entities is not possible due to various difficulties. Karachi Tax Bar Association (KTBA) in a letter sent on Monday to the Muhammad Ashfaq Ahmed, Chairman, Federal Board of Revenue (FBR), informed that a provision of digital payment was introduced through Tax Laws (Third […]
KARACHI: Pakistan Yarn Merchants Association (PYMA) has demanded Prime Minister Imran Khan of massive reduction in prices of petroleum products in order to make industrial activities viable. Saqib Naseem, Central Chairman Pakistan Yarn Merchants Association (PYMA) and Muhammad Junaid Teli, Vice Chairman, Sind & Balochistan region in a statement on Monday expressed serious concerns over […]
KARACHI: Pakistan Petroleum Limited (PPL) has announced 18 per cent growth in net profit of the first quarter ended September 30, 2021. The company announced profit after tax of Rs16.86 billion during the first quarter (July – September) of the current fiscal year as compared with Rs14.32 billion in the corresponding period of the last […]
KARACHI: The Pak Rupee (PKR) on Monday fell to a new historic low of Rs174.43 to the dollar in interbank foreign exchange market. The rupee lost 43 paisas against the dollar from last Friday’s closing of Rs174 in the interbank foreign exchange market. Currency experts attributed the high dollar demand to opening of the market […]
Engro Fertilizers has been recognized as the largest tax paying company in the fertilizer sector. Engro Fertilizer is Pakistan’s premier seed-to-harvest solutions provider. Engro Fertilizers has been recognized as the largest tax paying company in a ceremony held at the Aiwan-e-Sadr. Nadir Qureshi, CEO of Engro Fertilizers, received the award from the Honorable President Dr. […]
Karachi, October 25, 2021: The State Bank of Pakistan (SBP) has issued the official exchange rates for Monday, October 25, 2021.
KARACHI: Bank Alfalah Limited on Monday declared Rs10.48 billion as after tax profit for nine months period ended September 30, 2021 as compared with Rs8.33 billion in the corresponding period of the last year, showing an increase of 26 per cent. The bank declared earnings per share of Rs5.9 for the period under review as […]