Karachi, February 27, 2024 – The Oil and Development Company Limited (OGDCL) has delivered an impressive financial performance, announcing a significant 30% growth in net profit for the first half of fiscal year 2023-24.
(more…)Category: Pakistan
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NEPRA Approves Significant Increase in Electricity Tariff
Islamabad, February 26, 2024 – In a recent development, the National Electric Power Regulatory Authority (NEPRA) has officially announced a National Average Uniform increase of Rs 7.0562 per unit in Fuel Charges Adjustment (FCA) for Distribution Companies (DISCOs) for the month of January 2024.
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Bank Deposits Reach Rs 27.54 Trillion, Marking 21% YoY Growth
Karachi, February 26, 2024 – The State Bank of Pakistan (SBP) reported a significant surge in bank deposits, reaching a staggering Rs 27.54 trillion by the end of January 2024, marking a substantial 21% year-on-year growth.
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Code of Conduct for Employers of Domestic Workers Launched
Karachi, February 26, 2024 – In a landmark development aimed at improving the working conditions and protecting the rights of domestic workers, the Employers Federation of Pakistan (EFP) has introduced a comprehensive Code of Conduct.
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PMD Issues Flash Flooding Alert for Balochistan Amidst Rainfall
Islamabad, February 26, 2024 – The Pakistan Meteorological Department (PMD) has issued a flash flooding alert for Balochistan on Monday following heavy rainfall.
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Pakistan Achieves Record High with 5.73 Million Active Taxpayers
Karachi, February 26, 2024 – Pakistan has set a historic record with 5.73 million active taxpayers, according to official data released by the Federal Board of Revenue (FBR) on Monday.
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PSO Clarifies Greenfield Refinery Project Amidst Reports
Karachi, February 26, 2024 – Pakistan State Oil (PSO) addressed recent reports concerning the establishment of the Greenfield Refinery Project on Monday, seeking to provide clarity on the situation.
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Pakistan Petroleum Achieves Over 44% Profit Growth in 1HFY24
Karachi, February 26, 2024 – Pakistan Petroleum Limited (PPL) has announced a remarkable growth in net profit, exceeding 44% for the first half of the fiscal year 2023-24.
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Pakistan Banks Enjoy 83% Profit Growth Amid High Interest Rates
Karachi, February 25, 2024 – The banking sector in Pakistan has witnessed a remarkable surge, with financial institutions reporting an impressive 83% growth in profit after tax for the calendar year 2023, thanks to the record high interest rates prevailing in the country.
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FPCCI Urges Energy Price Rationalization for Industries
Karachi, February 25, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has voiced its concern over the escalating energy prices for industries, urging the government to implement immediate rationalization measures.
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