Pakistani Banks See 5% Increase in After-Tax Earnings, Reaching Rs 597 Billion in 2024
Karachi, March 3, 2025 – The banking sector in Pakistan has reported an impressive 5% year-on-year (YoY) growth in after-tax…
FBR Collects Rs 5.71 Billion in Advance Tax on Cash Withdrawals in FY 2024-25
Islamabad, March 3, 2025 – In a notable development, the Federal Board of Revenue (FBR) has successfully collected Rs 5.71…
Pakistan’s Listed Banks Report Record-Breaking Rs 600 Billion Profit in 2024
Pakistan’s banking sector has achieved a remarkable milestone in 2024, with listed banks reporting a collective profit of nearly Rs…
CM Maryam Nawaz Extends Ramazan Greetings, Highlights Punjab Government’s Efforts for the Needy
LAHORE, March 2, 2025 – Punjab Chief Minister Maryam Nawaz Sharif has warmly greeted the people of Punjab and the…
FBR Issues Rs 1.22 Billion Tax Demand Against Bank Alfalah, Bank Confident in Favorable Outcome
Karachi, March 2, 2025 – The Federal Board of Revenue (FBR) has raised a tax demand of Rs 1.22 billion…
FBR Misses Revenue Target by Rs 604 Billion, Faces Major Challenges Ahead
The Federal Board of Revenue (FBR) has collected a total of Rs 7.34 trillion during the first eight months (July…
Microsoft Announces Retirement of Skype, Shifts Focus to Teams
In a significant shift in its communication strategy, Microsoft has announced that it will retire Skype, the once-dominant platform for…
Market Divided on Potential Interest Rate Cut Ahead of March Monetary Policy
As Pakistan’s central bank gears up for its next monetary policy meeting scheduled for March 10, 2025, market opinions remain…
Sindh Revenue Board Becomes First Public-Sector Tax Agency to Achieve ICAP’s TOoP Status
In a significant milestone for public-sector tax administration in Pakistan, the Sindh Revenue Board (SRB) has been awarded the prestigious…
Swiss Central Bank Chief Rejects Bitcoin as Reserve Currency Amid Volatility Concerns
The head of Switzerland’s central bank, Martin Schlegel, has firmly rejected the idea of using bitcoin as a reserve currency,…