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Economy

Pakistan post 2.3 percent fiscal deficit in 1HFY20

The Biz Update5 years ago03 mins

Karachi, February 14, 2020: The government has reported a fiscal deficit of 2.3 percent of GDP in first half of this fiscal year (1HFY20) compared to a fiscal deficit of 2.7 percent of GDP in same period of last fiscal year (1HFY19). Importantly though, the primary balance during the period clocked in at 0.7 percent…

Business

Bank Alfalah profit before tax up by 14pc in first half

The Biz Update5 years ago1 year ago04 mins

Karachi, August 19, 2019: The Board of Directors of Bank Alfalah Limited in its meeting held on August 18, 2019, in Abu Dhabi, approved the Bank’s unaudited interim financial statements for the half year ended June 30, 2019. The Bank’s first half 2019 pre-tax profits grew by 14 percent from a year ago, helped by…