Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has sparked institutional concern by openly contesting the Auditor General of Pakistan’s findings, marking a significant deviation from established norms. This public rebuttal, issue…
Islamabad: The government’s decision to shift tax policy control from the Federal Board of Revenue (FBR) to the Ministry of Finance has been met with widespread acclaim from the business sector, with many calling it a game-changing reform for Pakistan…
Islamabad: Oil and Gas Development Company Limited (OGDC) anticipates recovering approximately Rs80 billion from Uch Power Plant as part of the ongoing resolution of the power sector’s circular debt, a key takeaway from the Pakistan Day Conference 202…
Islamabad: Meezan Bank Limited (MEBL) reported a 9% year-on-year decline in its standalone profit after tax, reaching Rs24.1 billion in the second quarter of 2025. This translates to earnings per share (EPS) of Rs13.4 for the quarter, bringing the fir…
Islamabad: Mobilink Bank, a prominent digital microfinance institution in Pakistan, has successfully modernized its core banking system, migrating to the latest cloud-native Temenos platform (R23). This enhancement underscores the bank’s dedication to…
Islamabad: Cherat Cement Company Ltd. (CHCC) posted a remarkable 116% year-on-year surge in its fourth-quarter profit for fiscal year 2025, reaching PkR1.8 billion (EPS: PkR9.51). This impressive performance surpassed the PkR854 million (EPS: PkR4.40)…