Pakistan Telecommunication Company Limited (PTCL) is back on the road of profitability. After a period of recovery of four years,… Read More
Profit Repatriation by Foreign Companies Goes Down by 34%
The commercial and business activities by foreign investors and multinational companies have seen a slow down due to the economic… Read More
Meezan Bank’s Profit Grows by 32% in Q1 2019
Meezan Bank continued to improve its balance sheet as it made another profitable quarter with 32 percent growth on a… Read More
UBL Recovers With a Profit Growth of 57% in Q1 2019
United Bank Limited recorded a profit growth of 57 percent in the first quarter of 2019 as compared to the… Read More
These Pakistani Bank CEOs Had the Highest Salaries in 2018
2018 has proven to be a difficult and challenging year for the banking sector as profits of a majority of… Read More
Pakistan’s Current Account Deficit Decreases by a Massive 29% in Q3 FY19
The current account deficit has narrowed down by 29 percent by the end of the third quarter of the financial… Read More
CCP Imposes Heavy Penalty of Rs. 22.5 Million on Three Medical Colleges
The Competition Commission of Pakistan (CCP) has passed an order imposing a total penalty of PKR 22.5 million on three… Read More
Mobilink Microfinance Bank’s Profits Increase by 33% in 2018
Mobilink has continued its profitability in 2018 with a growth rate of 33 percent year-on-year. According to the financial statement,… Read More
Electric Cable Makers to Pay Rs. 18 Million as Penalty for Deceiving Customers
Competition Commission of Pakistan (CCP) has passed an order imposing a total penalty of Rs. 18 million on 18 electric… Read More
U Microfinance Bank Records 111% Profit Growth in 2018
U Microfinance Bank has become sustainable enough to run its operation profitably as it recorded a handsome profit growth of… Read More
Islamic Bank Deposits Cross Rs. 2 Trillion Mark
The deposit base of Islamic banking industry has crossed the Rs. 2 trillion mark in 2018 mainly due to its… Read More
These are the Top Ten Profitable Banks of Pakistan
2018 was a challenging year for a majority of banks due to stiff competition, operational and regulatory issues but few… Read More
Production of ACs and Refrigerators Increases Ahead of Summer
The production of electronics items such as air conditioners and refrigerators has recorded a marked growth in the country due… Read More
SBP Surprises Again, Hikes Policy Rate by 50 bps
Monetary Policy Committee of State Bank of Pakistan (SBP) has surprised the business community and general masses again, increasing the… Read More
Banks Loans to Energy Sector Increased by Over 1,000% During Past 10 Years
Commercial banks’ lending to the energy sector, including power producing companies and gas distributors, continued to surge in 2018 to… Read More
