Pakistan Telecommunication Company Limited (PTCL), the leading telecom and ICT services provider in the country, has announced its financial results for the quarter ending March 31, 2024. The announcement was made during a Board of Directors meeting in Islamabad. It posted Double Digit Revenue Growth of 14%.
In Q1 2024,...
Philip Morris Pakistan Limited (PMPKL) has underscored the urgency for immediate measures to tackle the escalating presence of low-priced non-tax-paid cigarettes, which has resulted in a loss of a level playing field and a significant decline in volumes within the legitimate tobacco sector.
In a media briefing today in Islamabad...
Years of effort to install the Track & Trace System (TTS) across various sectors have fallen short of completion, painting a grim picture of the Federal Board of Revenue's (FBR) performance.
The track and trace system, inaugurated by the former government in 2021, aimed to modernize tax evasion detection and...
Mohammad Ali Jinnah University (MAJU) recently hosted a seminar on Pakistan's economic situation and the latest agreement with the International Monetary Fund (IMF) at the campus.
Speaking at a seminar, Director at the Center for Excellence in Islamic Finance (CEIF)-IBA Ahmed Siddiqui underscored the crucial role of the IMF in...
'Rs 1 trillion in losses can be controlled by effective enforcement policies'
The government could enhance the tax-to-GDP ratio, increase tax collection, and reduce the budget deficit by curtailing tax evasion and illicit trade in major sectors, said Fawad Khan, Spokesperson for Mustehkam Pakistan, an advocacy firm for curbing illicit...
Mobilink Bank, Pakistan’s leading digital microfinance bank, has reaffirmed its commitment to women’s financial inclusion with the launch of the country’s first “Center of Excellence for Women” in partnership with Arid Agriculture University, a leading agricultural institution in Pakistan, to advance financial education. In this joint endeavor, Mobilink Bank...
The State Bank of Pakistan's (SBP) latest Business Confidence Survey reveals a slight decrease in overall confidence across various sectors in March 2024. The Business Confidence Index (BCI) fell by 1.0 points to 51.7, with both the Industry and Services sectors contributing to the decline.
Current Business Conditions Weaken
The survey...
Secure Logistics Group Ltd IPO’s book-building phase will be held on the 27th and 28th of March where high net worth individuals and institutional investors will subscribe to 100% percent of the issue size (50 million shares).
The book building will start at the floor price of Rs 12 per...
In the latest update on currency markets, the Pakistani rupee has shown a slight gain against the US dollar during intraday trading. This marginal uptick comes amidst ongoing fluctuations in market dynamics and economic uncertainties.
Key Points:
Current Exchange Rate: The Pakistani rupee has experienced a modest increase in value against...
JS Bank joins hands with the United Nations Development Programme (UNDP) to promote gender-inclusive and climate-resilient businesses in Pakistan. The collaboration is aimed at promoting private-sector financing, particularly projects aligned with Sustainable Development Goals (SDGs), with a core focus on women and youth-led businesses.
In line with the theme of...
