Karachi, February 20, 2025 – Shell Pakistan, now rebranded as Wafi Energy Pakistan Limited, has reported a 44% drop in annual profit for the financial year ending December 31, 2024.
(more…)Author: Shahnawaz Akhter
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FBR Issues New Directives After Faulty Assessment Orders
Karachi, February 19, 2025 – The Federal Board of Revenue (FBR) has expressed serious concerns regarding the incompetence of Inland Revenue (IR) officers in issuing flawed assessment orders, which have led to an increase in frivolous litigation.
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KSE-100 Index Gains 254 Points Amid Strong Corporate Results
Karachi, February 19, 2025 – The KSE-100 index, the benchmark of the Pakistan Stock Exchange (PSX), extended its bullish momentum on Wednesday, gaining 254 points as strong corporate earnings lifted investor confidence.
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UBL Plans Issuance of Additional Tier-1 Capital Instruments
Karachi, February 19, 2025 – United Bank Limited (UBL) has taken a significant step towards strengthening its financial position and supporting its long-term strategic objectives.
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Monetary Easing Sparks Private Sector Loans Boom 255%
Karachi, February 18, 2025: Bank loans to the private sector has surged by an impressive 255%, driven by a significant decline in interest rates.
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High Salary Tax Rates Fuel Brain Drain: PBC
Karachi, February 18, 2025 – The Pakistan Business Council (PBC) has raised concerns over the high tax rates on salaried individuals, warning that these excessive rates are driving skilled professionals to seek opportunities abroad, resulting in a significant brain drain.
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Foreign Direct Investment in Pakistan Surges 56% in 7MFY25
Karachi, February 18, 2025 – The net inflow of Foreign Direct Investment (FDI) into Pakistan surged by over 56% during the first seven months (July – January) of the current fiscal year 2024-25, as reported by the State Bank of Pakistan (SBP) on Tuesday.
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RTO-1 Karachi Targets POS Rule Breakers on Tariq Road
Karachi, February 18, 2025 – In a significant move against non-compliance with tax regulations, the Regional Tax Office (RTO)-1 Karachi has sealed three major retail outlets on Tariq Road for violating Point of Sale (POS) rules.
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Bulls Charge Back as KSE-100 Index Gains Strong 1.2%
Karachi, February 18, 2025 – The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) on Tuesday made a significant gain of 1,345 points or 1.2% as bulls returned with massive buying activities during the day.
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Thailand Seeks Early Finalization of FTA with Pakistan
Karachi, February 18, 2025 – Thailand has reiterated its desire for the swift finalization of the Free Trade Agreement (FTA) with Pakistan to enhance bilateral trade relations.
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