Islamabad: The Government of Pakistan has increased the sales tax rate on tractors to 14%, up from 10%, a move targeting both locally produced and imported tractors with engine capacities between 25kW and 75kW. This tax hike is part of efforts to stre…
Karachi: A recent economic impact study conducted by Oxford Economics for Emirates Group and Dubai Airports has underscored the increasing importance of the aviation sector to Dubai’s economy. The study reveals that aviation, including Emirates Group,…
Karachi: Bank Alfalah Limited (BAFL) has reported a significant rise in its profits for the first nine months of 2024, with earnings reaching PKR 33.6 billion, marking a 23% year-over-year increase. This growth was propelled by a substantial rise in N…
Karachi: Faysal Bank Limited (FABL) has reported a notable year-over-year growth in its performance for the first nine months of the year, amidst the broader context of Pakistan’s struggling energy sector. The financial institution’s profits soared du…
Karachi: National Foods Limited (NATF) experienced a significant downturn in its FY24 financial results, primarily due to a decline in its core business, despite notable growth and profitability in its retail segment. The company reported consolidated…
Sanghar: Oil and Gas Development Company Limited (OGDCL), Pakistan’s foremost exploration and production company, has initiated oil and gas production at the Baloch-2 exploratory well in Sanghar district, Sindh. The operation, which began recently, is…