Karachi, March 3, 2025 – The banking sector in Pakistan has reported a notable increase in after-tax earnings, reaching Rs 597 billion for the year ending December 31, 2024. This marks a 5% year-on-year (YoY) growth compared to Rs 567 billion recorded in the previous year, demonstrating the resilience of banks amid evolving economic conditions.
(more…)Author: Shahnawaz Akhter
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FBR Raises Rs 1.22 Billion Tax Demand Against Bank Alfalah
Karachi, March 2, 2025 – The Federal Board of Revenue (FBR) has issued a tax demand of Rs 1.22 billion against Bank Alfalah for multiple tax years, citing various discrepancies in tax payments.
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FBR Collects Rs 11 Billion from Exporters Under New Tax Rules
Islamabad, March 2, 2025 – The Federal Board of Revenue (FBR) has successfully generated Rs 11 billion in withholding tax from exporters under new tax regulations implemented for the current fiscal year.
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FPCCI Proposes Abolishing Withholding Tax on Sales to Retailers
Karachi, March 2, 2025 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed the removal of withholding tax on sales to retailers, arguing that the measure will facilitate business growth and ease the tax burden on traders.
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SBP May Cut Benchmark Interest Rate by 50 bps: Poll
Karachi, March 2, 2025 – The State Bank of Pakistan (SBP) is expected to lower its benchmark interest rate by 50 basis points in the upcoming Monetary Policy Committee (MPC) meeting, according to market expectations.
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PSX Anticipates Positive Investor Sentiment in Coming Week
Karachi, March 1, 2025 – The Pakistan Stock Exchange (PSX) is expected to witness positive investor sentiment in the upcoming week, driven by major economic developments and improved market conditions.
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Pakistan’s Weekly Inflation Continues to Rise Ahead of Ramadan
Karachi, March 1, 2025 – Inflation in Pakistan continues to rise as the country prepares for Ramadan, with the Sensitive Price Indicator (SPI) reflecting a further increase in the cost of essential commodities.
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PTC Reports Rs 355 Billion in Cigarette Sales for 2024
Karachi, February 28, 2025 – Pakistan Tobacco Company (PTC) has reported cigarette sales worth Rs 355 billion for the financial year ending December 31, 2024.
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Pakistan Customs Issues Valuation for China-Origin Suitcases
Karachi, February 28, 2025 – Pakistan Customs has issued a new valuation for China-origin suitcases to determine applicable duties and taxes.
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OGDCL Reports 33% Fall in Half-Year Profit Amid High Taxation
Karachi, February 28, 2025 – Oil and Gas Development Company Limited (OGDCL) has reported a significant 33% decline in its half-year profit after tax, primarily due to increased taxation.
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