Karachi, February 7, 2024 – The Pakistan Tax Bar Association (PTBA) has fervently called upon the Securities and Exchange Commission of Pakistan (SECP) to proactively update its guidelines and eliminate procedural hurdles, fostering a more conducive environment for all facets of the business realm.
(more…)Category: Corporate
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Faysal Bank Posts Massive 77% Profit Growth in CY 2023
Karachi, February 7, 2024 – Faysal Bank Limited has reported an impressive 77% surge in profit after tax for the calendar year 2023, marking a substantial increase from the preceding year.
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Attock Petroleum Records 41% Profit Growth in 1HFY24
Karachi, February 6, 2024 – Attock Petroleum Limited (APL) announced a substantial 41% growth in profit for the first half (July – December) of the fiscal year 2023-24, showcasing robust financial performance and strategic resilience in a dynamic market.
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MCB Bank Achieves Record Profits and Dividends in Year 2023
Karachi, February 6, 2024 – MCB Bank, one of Pakistan’s leading financial institutions, has announced its highest-ever profit and dividends for the calendar year 2023, according to analysts at Arif Habib Limited.
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Bank Al Habib Achieves 116% Surge in Net Profit for 2023
Karachi, January 31, 2024 – In a remarkable financial achievement, Bank Al Habib Limited announced an impressive growth of 116 percent in its profit after tax for the year 2023.
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Engro Names Ahsan Zafar Syed as President & CEO Designate
Karachi, January 31, 2024 – Engro Corporation, a prominent business conglomerate in Pakistan, has made a significant leadership announcement with the appointment of Ahsan Zafar Syed as President & CEO Designate.
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Colgate-Palmolive Pakistan Reports 75% Surge in Half-Year Profit
Karachi, January 30, 2024 – Colgate-Palmolive (Pakistan) Limited has announced a remarkable 75% growth in after-tax profit for the first half of the fiscal year ending December 31, 2023.
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Mari Petroleum Records Staggering 57% Surge in 1HFY24 Profits
Karachi, January 29, 2024 – Mari Petroleum Company Limited (MPCL) has reported a remarkable 57% increase in net profit for the first half (July – December) of the fiscal year 2023-24.
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Johnson & Phillips (Pakistan) Initiates Delisting Process from PSX
Karachi, January 29, 2024 – Johnson & Phillips (Pakistan) Limited has formally announced its decision to delist from the Pakistan Stock Exchange (PSX), marking a strategic move in the company’s corporate structure.
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Lucky Cement’s 107% Profit Surge in 2QFY24 Above Expectations
Karachi, January 26, 2024 – Lucky Cement Limited (LUCK) has stunned the market by announcing its 2QFY24 financial results, revealing an unconsolidated Profit After Tax (PAT) of PKR 6.8 billion, translating to Earnings Per Share (EPS) of PKR 22.9.
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