Karachi, May 7, 2024 – Pakistan Telecommunication Company Limited (PTCL) has unveiled a comprehensive report on its tax contingencies for the fiscal year ending December 31, 2023.
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Citi Pharma Announces China-Based JV for API Expansion
Citi Pharma Limited, a key player in Pakistan’s pharmaceutical sector, has announced a significant joint venture (JV) with Hangzhou Newsea Technology Co. Ltd, aiming to bolster its Active Pharmaceutical Ingredients (API) manufacturing capabilities.
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Engro and DH Corp Boards Greenlight Major Restructuring Plan
In a significant move on May 3, 2024, the boards of Engro Corporation Limited (Engro Corp) and DH Corporation Limited (DH Corp) approved a restructuring plan involving, aiming to optimize capital allocation and enhance shareholder returns.
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SCBPL Reports 53% Growth in Profit Before Tax for Q1 2024
Karachi, April 29, 2024 – Standard Chartered Bank Pakistan Limited (SCBPL) has announced a significant 53% growth in profit before tax (PBT), reaching Rs 24.7 billion for the first quarter of 2024, a robust indicator of the bank’s financial health and operational efficiency.
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Indus Motor Reports 61% Profit Surge in Nine Months
Karachi, April 29, 2024 – Indus Motor Company (IMC), one of the leading automakers in Pakistan, has announced a remarkable 61% increase in its profits after tax for the nine-month period ending March 31, 2024, reaching Rs 9.41 billion, up from Rs 5.84 billion in the same period last year.
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MCB Bank Reports Robust Rs 32.5 Billion PBT in Q1 of 2024
MCB Bank Limited (MCB) has announced a substantial profit before tax (PBT) of Rs 32.5 billion for the first quarter ending March 31, 2024, marking a significant 41% increase from the previous year.
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Allied Bank Reports 51% YoY Profit Surge in First Quarter of 2024
KARACHI: Allied Bank Limited (ABL) has announced a substantial 51% increase in its after-tax profit for the first quarter ended March 31, 2024, reaching Rs 11.6 billion.
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GSK Pakistan to Appeal Drug Court Decision
Karachi, April 23, 2024 – GlaxoSmithKline (GSK) Pakistan announced plans to challenge a recent decision by the Drug Court in Rawalpindi, which found certain current and former company officials guilty under the Drugs Act of 1976 for distributing sub-standard drugs.
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Habib Bank Announces Profit of Rs 15.04 Billion for Q1 2024
Karachi, April 23, 2024 – Habib Bank Limited (HBL), one of Pakistan’s premier banking institutions, has declared a substantial after-tax profit of Rs 15.04 billion for the first quarter of the calendar year 2024, marking a significant increase from Rs 13.26 billion reported in the same period last year.
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PPL Announces Significant Production Enhancements
Karachi, April 20, 2024 – Pakistan Petroleum Limited (PPL) disclosed an encouraging update on Monday regarding a substantial enhancement in its hydrocarbon production over the past six months, spanning from October 2023 to March 2024.
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