KARACHI, October 29 2024: UNITY Foods has announced its financial results for the first quarter of FY25, showcasing a significant turnaround with consolidated earnings of Rs88 million, translating to an earnings per share (EPS) of Rs0.07. This marks a remarkable recovery from a loss of Rs660 million (loss per share of Rs0.55) in the same…
Karachi, October 29 2024: FATIMA Fertilizer Company has released its financial results for the third quarter of CY24, showcasing a robust performance with a consolidated profit after tax (PAT) of PKR9.2 billion, translating to an earnings per share (EPS) of PKR4.38. This represents an impressive increase of 18% year-on-year and a staggering 77% quarter-on-quarter, highlighting…
KARACHI, October 28 2024: In recent developments, a controversial fiscal measure has emerged: a higher tax on banking income derived from government securities. This tax is tied to the advance-to-deposit ratio (ADR), imposing an additional 10-15% charge on banks whose ADRs fall below 50% at the end of the banking year. While the intention behind…
KARACHI, October 27 2024: Climate change presents a critical threat to Pakistan’s economy, particularly due to its heavy reliance on agriculture, which employs around 42% of the labour force and contributes nearly 19% to the country’s GDP. With rising temperatures and increasingly erratic weather patterns, Pakistan faces substantial challenges in sustaining its economic growth. The…
Karachi, 27 October 2024: The National Trade Union Federation (NTUF) held a consultative session on Sunday with affiliates from the IndustriALL Global Union’s textile and garment sector to discuss the implementation of workplace safety and grievance mechanisms under the Pakistan Accord framework. The Pakistan Accord, which became effective in 2023, builds upon the successful model…