Islamabad, May 21, 2024 – After enduring eight consecutive quarters of negative USD revenue growth, Jazz, one of Pakistan’s leading digital operators, has reported a remarkable 19.2% revenue increase in USD for the first quarter of 2024 (1Q24).
(more…)Category: Corporate
Corporate sector insights covering business strategies, governance, finance, taxation, and regulatory developments shaping company performance.
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Zong 4G and MEPCO Forge Strategic Partnership
Islamabad, May 15, 2024 – Zong 4G, Pakistan’s premier telecom operator, has joined forces with Multan Electric Power Company (MEPCO) to elevate business communication services and address the telecommunications needs of one of Pakistan’s largest power distribution entities.
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Meezan Bank and Roche Pakistan Partner Against Breast Cancer
Karachi, May 9, 2024 – Meezan Bank, Pakistan’s leading Islamic financial institution, has announced a landmark partnership with Roche Pakistan, a subsidiary of the global biotechnology giant, to combat breast cancer, a leading health challenge in the country.
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Toyota Motor Reports Record Earnings of 4.94 Trillion Yen
Toyota Motor Corporation announced a historic milestone, reporting a record net profit of 4.94 trillion yen (approximately $31.82 billion USD) for the fiscal year 2023, ending in March.
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PTCL Battles Extensive Tax Contingencies into 2024
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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