Karachi, September 6, 2023 – The National Bank of Pakistan (NBP) has disclosed that its total tax contingencies have risen to Rs 29.26 billion, according to official documents released recently.
(more…)Category: Corporate
-
NBP Penalized for Regulatory Violations at Domestic and Overseas Branches
Karachi, August 31, 2023 – The National Bank of Pakistan (NBP), the country’s largest public sector financial institution, has incurred penalties for regulatory violations at both its domestic and overseas branches, as confirmed by official documents.
(more…) -
FBR Files Complaint of Government Fund Misappropriation Against Senior PIA Officials
Karachi, August 31, 2023 – The Federal Board of Revenue (FBR) has officially registered a complaint against senior officials of Pakistan International Airlines (PIA) for alleged misappropriation of government funds, sources said on Thursday.
(more…) -
PSX Takes Notice of Abnormal Rise in PICT Share Price
Karachi, August 29, 2023 – The Pakistan Stock Exchange (PSX) issued a notice on Tuesday regarding the abnormal increase in the share price of Pakistan International Container Terminal (PICT).
(more…) -
National Bank of Pakistan Records Remarkable 122% After-Tax Profit Growth for 1HCY23
Karachi, August 29, 2023 – The National Bank of Pakistan (NBP) has reported an astounding 122 percent increase in after-tax profit for the first half of the calendar year 2023.
(more…) -
Indus Motor Reports 39% Drop in After-Tax Profit to PKR 9.66 Billion for FY 2022-23
Karachi, August 28, 2023 – Indus Motor Company Limited, Pakistan’s automotive manufacturers of Toyota cars, has announced a substantial 39% decline in profit after tax, reporting PKR 9.66 billion for the fiscal year ended June 30, 2023. This figure marks a significant decrease from the previous year’s profit after tax of PKR 15.80 billion.
(more…) -
Mari Petroleum Secures Exploration License in Chagai, Balochistan
Karachi, August 25, 2023 – Mari Petroleum Company Limited, a key player in Pakistan’s energy sector, announced on Friday that it has successfully acquired an exploration license from the Balochistan government.
(more…) -
Pak Suzuki Motor Records Staggering Loss of Rs 9.67 Billion in First Half of 2023
Karachi, August 25, 2023 – In a stark reflection of the challenges plaguing the automotive industry in Pakistan, Pak Suzuki Motor Company Limited announced a colossal loss of Rs 9.67 billion for the first half of 2023.
(more…) -
Faysal Bank Reports Impressive Half-Year Profit Growth to Rs7.53 Billion
Karachi, August 24, 2023 – Faysal Bank Limited (FBL) has announced a remarkable surge in its half-yearly profits, with the profit after tax soaring to Rs7.53 billion for the period ending on June 30, 2023.
(more…) -
Standard Chartered Bank Pakistan Reports Unprecedented 132% Increase in Half-Year Profit
Karachi, August 24, 2023 – Standard Chartered Bank (Pakistan) Limited has announced a remarkable 132 percent surge in after-tax profit, reaching Rs 18.78 billion for the half-year ending on June 30, 2023.
(more…)