Pakistan’s economic framework is out of balance as it prepares for the first review of its $7 billion bailout program… Read More
Mari Petroleum Posts Rs. 19.2 Billion Profit for Q1 FY25
Mari Petroleum Company Limited (PSX: MARI) announced its financial result today, posting a profit after tax of Rs. 19.201 billion… Read More
Govt’s Tax Policies Are Stifling Pakistan’s Growth
The National Tariff Policy (2019-24) was a step in the right direction but remained ineffective in removing rigidities and simplifying… Read More
NBP Profit Down by Whopping 91% in 9 Months of 2024
NBP announced its 3QCY24 earnings at Rs. 2.96 billion (EPS: Rs. 1.39), marking a significant 76 percent decline YoY, though… Read More
FBR Strongly Opposes KP Govt’s 2% Development Cess on Export Consignments
The Federal Board of Revenue (FBR) has strongly opposed the imposition of a 2 percent Infrastructure Development Cess (IDC) by… Read More
ADB Approves $500 Million Loan to Support Climate Resilience in Pakistan
The Asian Development Bank (ADB) has approved a $500 million policy-based loan to support climate change and disaster risk reduction… Read More
Pak Rupee Down 2nd Consecutive Day Against US Dollar, British Pound
The Pakistani rupee (PKR) posted small losses 2nd day in a row against the US Dollar (USD) today after opening… Read More
Pakistan Borrowed 63% Fewer Loans Compared to Last Year
The country borrowed $1.308 billion from multiple financing sources during the first quarter (July-September) of the current fiscal year 2024-25… Read More
Pakistani Developers Earn Lowest Annual Salaries Globally
Full-time employed professional developers in Pakistan earn some of the lowest salaries globally, ranging from $2,000 to $12,000 annually, falling… Read More
PPL Profit Down 20% to Rs. 23.6 Billion in Q1 FY25
Pakistan Petroleum Limited (PPL) announced its 1QFY25 result today, where the company recorded earnings of Rs. 23.6 billion (EPS of… Read More
FBR Faces Revenue Shortfall of Rs. 90 Billion in October 2024
The Federal Board of Revenue (FBR) is expected to face a shortfall of Rs. 90 billion in October 2024, sources… Read More
Engro Corp’s Profit Declines by 48% in 9 Months of 2024
Engro Corporation Limited (PSX: ENGRO) announced its 9MCY24 financial result with a consolidated profit after tax of Rs. 11.983 billion… Read More
