Karachi, September 2, 2024 – The National Bank of Pakistan (NBP) reported a significant impact on its deposits following the implementation of the Treasury Single Account (TSA), with a recorded effect of Rs 100 billion.
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Corporate sector insights covering business strategies, governance, finance, taxation, and regulatory developments shaping company performance.
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PSO Registers Staggering 180% Jump in FY24 Profit
Karachi, August 27, 2024 – Pakistan State Oil (PSO) has reported an extraordinary 180% increase in net profit for the fiscal year 2023-24, marking a significant achievement for the country’s leading oil marketing company.
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Nestle Pakistan Fears 2024-25 Taxes to Impact Growth
Karachi, August 23, 2024 – Nestle Pakistan Limited has expressed concerns that the new taxes introduced in the recent federal budget 2024-25 could significantly impact its growth trajectory.
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CCP Moves to Phase II Analysis in PTCL-Telenor Merger
Islamabad, August 20, 2024 – The Competition Commission of Pakistan (CCP) has initiated a Phase II Merger analysis in response to the proposed merger between Pakistan Telecommunication Company Limited (PTCL) and Telenor Pakistan (Private) Limited.
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OGDCL Launches Tight Gas Production at Sindh’s Nur West Well-1
Karachi, August 12, 2024 – Oil and Gas Development Company Limited (OGDCL), Pakistan’s premier Exploration and Production (E&P) firm, has proudly announced the initiation of tight gas production from its Nur West Well-1 located in Sindh. This marks a significant milestone for the company and the national energy sector.
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Mari Petroleum Achieves Record Annual Earnings in FY24
Karachi, August 8, 2024 – Mari Petroleum Company Limited announced on Thursday that it achieved its highest-ever annual earnings for the fiscal year 2023-24, marking a significant milestone in the company’s history.
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MCB Bank Posts Highest Ever First Half Profit Before Tax
Karachi, August 7, 2024 – MCB Bank has announced a record-breaking profit before tax (PBT) for the first half of 2024, reaching Rs 62.7 billion, a 16% increase from the previous year.
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UBL Reports Robust 2Q2024 Earnings Growth
KARACHI, July 31, 2024 – United Bank Limited (UBL) posted impressive consolidated earnings of Rs12.1 per share for the second quarter of 2024 (2Q2024), marking a 17% year-on-year (YoY) increase, although reflecting a 7% quarter-on-quarter (QoQ) decline. The results were in line with market expectations.
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SECP Registers 27,542 New Companies in Fiscal Year 2023-24
Islamabad, July 27, 2024 – The Securities and Exchange Commission of Pakistan (SECP) registered 27,542 new companies during the fiscal year 2023-24, bringing the total number of SECP-registered companies to 222,697, according to an official statement.
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Honda Cars Pakistan Exhibits 40% Quarterly Profit Growth
Karachi, July 24, 2024 – Honda Atlas Cars Pakistan Limited announced a remarkable financial performance for the first quarter ended June 30, 2024, reporting a 40% increase in profit.
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