Karachi, February 17, 2021: HBL today declared a consolidated profit after tax of Rs. 30.9 billion for the year ended December 31, 2020, double that for the same period last year. The Bank’s earnings per share increased to Rs. 21.06 compared to Rs. 10.45 for 2019. Profit before tax recorded a growth of 84% over…
Karachi, February 16, 2021: Based on feedback from the diaspora and recommendations from SBP, the Federal Government has introduced several amendments in the Income Tax Ordinance 2001 through Tax Laws (amendment) Ordinance 2021 to make the taxation regime simple, convenient and hassle-free for Non Resident Pakistanis (NRPs) maintaining Roshan Digital Accounts (RDAs). The amendments simplify…
Karachi, February 15, 2021: Workers remittances exceeded $ 2.0 billion for the eighth consecutive month and amounted to $2.3 billion in January 2021, up by 19 percent over January 2020. However, remittances remained slightly lower from December 2020 level of $2.4 billion. Read more: Shan Foods receives BRC AA rating for food safety On cumulative…
Unique mode of action delivers faster and better control of pests on cotton and other vegetable crops Karachi, February 15, 2021: Engro Fertilizers and BASF have entered a strategic partnership to launch SefinaTM insecticide by BASF in Pakistan, to help the country’s farmers better protect their crops from pests and improve crop yields. Made from…
Karachi, February 15, 2021: In a bullish start to the week, the benchmark KSE100 index closed up 567 points at 46,375 level with 486 million shares traded during the session. WTL (10.1 percent), MLCF (4.2 percent), TELE (17.8 percent), ANL (1.8 percent) and HUMNL (-5.9 percent) were top contributors to the volume. Cement sector continued…