Business
Pakistan listed sugar sector record profitability
Islamabad, January 11, 2024 : Pakistan listed sugar sector’s earnings were up 78% YoY to record high of Rs22bn in FY23 (Oct-2022 to Sep-2023). This increase is attributed to rise in sugar prices that led to higher gross margins. Ethanol, which is a by-product of sugar, also experienced improved performance in FY23 due to favorable…
Faysal bank joins forces for State of the art consumer credit decision engine
Karachi, January 10, 2024 :Faysal Bank(FBL) one of the premier Islamic banks in Pakistan has partnered with Data Check; forming the industry’s first collaboration for “Hosted Decision Engine”, licensed by Qarar. Through this initiative the Bank aims to enhance process efficiency in the consumer digital lending space through advanced credit-scoring techniques, for the enablement of…
NBP Digital launches new mobile app donation feature
Karachi, January 10, 2024 : The National Bank of Pakistan (NBP) has embarked on a new initiative with the NBP Digital App to streamline and improve the digital customer experience for account holders, including both conventional and Aitemaad Islamic banking. This innovative feature in NBP Digital app allows users to make donations effortlessly with just…
Pakistan Spearheads The First-Ever Global Health Security Summit
Islamabad, January 10, 2024 : In a groundbreaking initiative, Pakistan is set to host the First-Ever Global Health Security Summit on January 10-11, 2024, bringing together Health Ministers from IHR-GHSA member states, international health leaders, experts, officials from leading health organizations, one health technical experts, global partners, donors and stakeholders to address the critical challenges…
FTO resolves 8,128 tax complaints in 2023
Islamabad, January 10, 2024: The Federal Tax Ombudsman (FTO) has resolved 8,128 complaints against the maladministration of tax and customs authorities during the year 2023 as compared to 6,106 complaints in 2022. Furthermore, the registration of complaints increased by almost 24% as 8,076 complaints were filed in 2023 compared to 6,480 in 2022. FTO has…