financial results Archives - Page 7 of 35

NBP Successfully Absorbs Rs68Bn Pension Expenses: Chairman

March 4, 2025March 4, 2025Shahnawaz Akhter

Karachi, March 4, 2025 – The National Bank of Pakistan (NBP) has successfully managed an extraordinary pension expense of Rs 68 billion without compromising its financial stability, according to Chairman Ashraf Mahmood Wathra.

Allied Bank Discloses Tax Contingencies Up to CY24

March 3, 2025March 3, 2025Shahnawaz Akhter

Karachi, March 3, 2025 – Allied Bank Limited (ABL) has provided detailed disclosures regarding its tax contingencies for the calendar year 2024 through the transmission of its annual financial statement on Monday.

Banks After-Tax Earnings Rise to Rs 597 Billion in 2024

March 3, 2025March 3, 2025Shahnawaz Akhter

Karachi, March 3, 2025 – The banking sector in Pakistan has reported a notable increase in after-tax earnings, reaching Rs 597 billion for the year ending December 31, 2024. This marks a 5% year-on-year (YoY) growth compared to Rs 567 billion recorded in the previous year, demonstrating the resilience of banks amid evolving economic conditions.

OGDCL Reports 33% Fall in Half-Year Profit Amid High Taxation

February 28, 2025February 28, 2025Shahnawaz Akhter

Karachi, February 28, 2025 – Oil and Gas Development Company Limited (OGDCL) has reported a significant 33% decline in its half-year profit after tax, primarily due to increased taxation.

PSX Reports 45% Earnings Growth for Half-Year FY25

February 24, 2025February 24, 2025Shahnawaz Akhter

Karachi, February 24, 2025 – The Pakistan Stock Exchange (PSX) has announced its financial results for the half-year ended December 31, 2024, reporting an impressive 45% increase in profit growth. The strong performance highlights the resilience of the PSX amid evolving market conditions.

SCBPL 2024 Earnings: Rs 46B Profit, Rs 54.5B Tax Paid

February 21, 2025February 21, 2025Shahnawaz Akhter

Karachi, February 21, 2025 – Standard Chartered Bank (Pakistan) Limited (SCBPL) has reported a remarkable annual profit after tax of Rs 46.06 billion for the financial year ending December 31, 2024, despite a substantial tax payment amounting to Rs 54.55 billion.