Karachi, February 27, 2024 – The Oil and Development Company Limited (OGDCL) has delivered an impressive financial performance, announcing a significant 30% growth in net profit for the first half of fiscal year 2023-24.
(more…)Category: Top stories
Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
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NEPRA Approves Significant Increase in Electricity Tariff
Islamabad, February 26, 2024 – In a recent development, the National Electric Power Regulatory Authority (NEPRA) has officially announced a National Average Uniform increase of Rs 7.0562 per unit in Fuel Charges Adjustment (FCA) for Distribution Companies (DISCOs) for the month of January 2024.
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Bank Deposits Reach Rs 27.54 Trillion, Marking 21% YoY Growth
Karachi, February 26, 2024 – The State Bank of Pakistan (SBP) reported a significant surge in bank deposits, reaching a staggering Rs 27.54 trillion by the end of January 2024, marking a substantial 21% year-on-year growth.
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Pakistan Achieves Record High with 5.73 Million Active Taxpayers
Karachi, February 26, 2024 – Pakistan has set a historic record with 5.73 million active taxpayers, according to official data released by the Federal Board of Revenue (FBR) on Monday.
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UBL Hopes Positive Outcome in Rs 4.09 Billion SBP Penalty Case
Karachi, February 26, 2024 – United Bank Limited (UBL) is optimistic about a favorable outcome regarding the penalty of Rs 4.09 billion imposed by the State Bank of Pakistan (SBP), as disclosed in its annual financial statement for the calendar year 2023.
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Pakistan Banks Enjoy 83% Profit Growth Amid High Interest Rates
Karachi, February 25, 2024 – The banking sector in Pakistan has witnessed a remarkable surge, with financial institutions reporting an impressive 83% growth in profit after tax for the calendar year 2023, thanks to the record high interest rates prevailing in the country.
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FPCCI Urges Energy Price Rationalization for Industries
Karachi, February 25, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has voiced its concern over the escalating energy prices for industries, urging the government to implement immediate rationalization measures.
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Consequences of Not Filing Income Tax Returns in Pakistan
In Pakistan, the failure to file an income tax return for a specific tax year triggers a series of actions by the Federal Board of Revenue (FBR).
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FBR Seeks New Ideas to Boost Revenue from Undertaxed Sectors
Karachi, February 24, 2024 – In a bid to enhance revenue collection and address the issue of undertaxed sectors, the Federal Board of Revenue (FBR) has urged the offices of Inland Revenue (IR) to contribute new and innovative ideas.
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New Govt Formation to Boost Pakistan Stock Market Next Week
Karachi, February 24, 2024 – As the anticipation builds for the formation of a new government in Pakistan next week, financial analysts predict a positive impact on the stock market.
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