Standard Chartered Pakistan delivers robust financial performance for Q3 2024
Highlights: ● Record profit before tax of PKR 75.5 billion, up 20 per cent YoY ● Strong revenue of PKR 89.5 billion, growth of 16 per cent YoY ● Robust…
State Minister for Finance & Revenue Ali Pervaiz Malik pledges government support to strengthen CCP
ISLAMABAD: The State Minister for Finance and Revenue, Mr. Ali Pervaiz Malik, visited the Competition Commission of Pakistan (CCP), underscoring the role of the Commission in checking market failure and…
Fatima Fertilizer Becomes the First Company in Pakistan to Partner with UNDP on SDG Impact Framework
Lahore: Fatima Fertilizer has become the first company in Pakistan to officially partner with the United Nations Development Programme (UNDP) by adopting SDG Impact Framework. This milestone marks a significant…
Engro Corp reports solid 9-month results
Karachi: Engro Corporation’s revenue from continued operations grew by 12% to Rs. 279 billion, compared to Rs. 250 billion in the same period of 2023. Consolidated profit after tax (PAT)…
SECP Engages with Punjab and Sindh Government to Advance “Insured Pakistan” Initiative
ISLAMABAD: After Balochistan and KPK, the Securities and Exchange Commission of Pakistan (SECP), as part of its five-years strategic plan – Journey to an Insured Pakistan, concluded first round of…
BYD Showcases Flagship Electric Vehicles at Pakistan Auto Show 2024, Open Bookings for BYD ATTO 3 and BYD SEAL
Lahore, Pakistan: BYD, the world’s leading New Energy Vehicle (NEV) manufacturer and pioneer in sustainable transportation solutions, participated in the prestigious Pakistan Auto Show 2024 through local partner Mega Motor…
Governor SBP briefed global investors on improvements in Pakistan’s economy and its promising outlook
Governor SBP, Mr. Jameel Ahmad, met delegates from international rating agencies and key global investors during the events hosted by leading financial institutions, including Standard Chartered, JP Morgan, Bank of…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 16,017.1 million as of 18-Oct-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
Lucky Cement Wins Excellency Award at the 39th MAP Awards
Karachi: Lucky Cement Limited, one of Pakistan’s leading cement manufacturers, has been honored with the Excellency Award in the Cement Category at the 39th Management Association of Pakistan (MAP) Awards.…
Pakistan & China Trade Relations FPCCI and CCPIT Form Alliance for Land – Sea Corridor Atif Ikram Sheikh, President FPCCI
Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has apprised that, in a landmark development, FPCCI and China Council for the Promotion of International Trade (CCPIT), have formed an alliance for…
BankIslami Reports Strong Financial Performance during Nine Months of 2024 with 33.6% Surge in Profit Before Tax
Karachi: BankIslami continues its growth trajectory, delivering substantial returns to its shareholders with a remarkable 33.6% increase in profit before tax for the nine-month ended September 2024. The Bank’s profit…
PTCL forges a strategic alliance with Systems Limited to enhance its BSS & OSS Stack at GITEX 2024
Islamabad: Pakistan Telecommunication Company Limited (PTCL) has forged a strategic partnership with Systems Limited, a leading global SI company, at GITEX 2024 Dubai to achieve technological enhancements through Systems Limited’s…
OICCI Hosts “Dining in the Dark” to Unite Foreign Investors for Disability Inclusion
Karachi: The Overseas Investors Chamber of Commerce and Industry (OICCI) organized a unique event, the “Dining in the Dark Experience,” in collaboration with Khaas Foodz Kitchen (KFK) on Thursday. This…
FPCCI & FBR Exclusive Meeting Genuine Taxpayers Should Be Protected at All Costs Atif Ikram Sheikh, President FPCCI
Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has apprised that Mr. Rashid Mahmood Langrial, Chairman of the Federal Board of Revenue (FBR), has agreed, in an exclusive, candid and detailed…
FrieslandCampina Engro Pakistan Ltd announces Q3 2024 Financial Results
FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for Quarter 3, 2024. Effective July 1, 2024, an 18% sales tax was imposed on the sale of UHT milk, which…
Meezan Bank announces Financial Results for the Nine Months ended September 30, 2024
The Board of Directors of Meezan Bank approved the financial statements of the Bank for the nine months period ended September 30, 2024. The meeting was chaired by Mr. Riyadh…
MCB Bank crosses PKR 2 Trillion Deposits milestone, reports record Profit Before Tax (PBT) of PKR 95.1 Billion for 9M 2024
MCB Bank Limited (MCB) has announced its financial results for the nine-month period ended September 30, 2024, reflecting a strong performance across all key areas. The Board of Directors of…
Mobilink Bank tops the SBP’s Banking on Equality scorecard for the second year in a row
Islamabad: Mobilink Bank has once again demonstrated its unwavering commitment to gender equality and financial inclusion, securing a remarkable score of 82.7 on the State Bank of Pakistan’s (SBP) Women…
PTCL & China Mobile International partner at GITEX Global 2024 to enhance national, international connectivity
Islamabad: Pakistan’s largest telecommunication and integrated ICT services provider, Pakistan Telecommunication Company Limited (PTCL) and global telecom and ICT player, China Mobile International Limited (CMI) entered a partnership at GITEX…
SECP Alerts Public to Fraudulent Investment/Deposit Taking Platform
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has identified an illegal investment/deposit taking platform operating under the name “SMARTPAYS”. The platform is being promoted through a website (https://smartpays.org/.),…