HBL today declared a consolidated profit before tax of Rs. 30.1 billion for the quarter ended March 31, 2024, 40 percent higher than in the same period last year. Profit after tax has increased from Rs. 13.3 billion in the first quarter of 2023 to Rs. 15.0 billion. Along with
Fauji Cement Company Limited (PSX: FCCL) has announced its financial results for the nine months that ended on March 31, 2024, posting a profit after tax (PAT) of Rs. 7 billion despite the increased financial cost of Rs. 1.26 billion incurred on expansion-related debt. In Q3 FY24, PAT clocked in
Finance Minister Muhammad Aurangzeb expects to reach a Staff-Level Agreement on a bigger loan program with the International Monetary Fund (IMF) by June-July 2024. He said this during the 7th Leaders In Islamabad Business Summit on Tuesday. The minister also projected foreign exchange reserves held by the State Bank of
Petrol pumps may get closed across Pakistan soon as refineries struggle to cope with declining fuel sales and an abundance of smuggled oil products in the market. Refineries have strongly objected to the proposed deregulation of petroleum (POL) prices, reported a national daily. They opine that OGRA’s suggestion to eliminate
President Asif Ali Zardari has underscored the need to create awareness and undertake comprehensive efforts to prevent spread of cardiovascular diseases in the country. He expressed these views while meeting a delegation of Pakistan National Heart Association, led by its President Major General (Retd.) Masud-ur-Rehman, which called on him in
The government of Pakistan is gearing up to launch a groundbreaking initiative aimed at modernizing regulatory frameworks and fostering a more conducive environment for businesses. In line with the World Bank’s Digital Economy Enhancement Program (DEEP), the government will establish the Pakistan Business Portal (PBP), a pivotal platform set to
The third One-Day International of three-match series between Pakistan Women and West Indies Women will be played in Karachi today. The match will start at 03:30 in the afternoon. West Indies have a decisive lead of 2-0 in the series, after winning the first two matches. The ODI series will
Punjab Chief Minister Maryam Nawaz Sharif inaugurated Pakistan’s first virtual women police station, “Mari Awaz, Maryam Nawaz,” at Punjab Safe City Authority in Lahore and directed the establishment of 100 new emergency Panic-15 buttons in Lahore. Speaking on the occasion, the Punjab CM said women can now connect with the
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