The Caretaker Cabinet has granted approval to a significant gas pipeline project with Iran, signaling a pivotal development in bilateral cooperation. This decision, greenlit by the interim government, underscores the strategic importance of fostering energy ties between Pakistan and Iran. Key Aspects of the Gas Pipeline Project Approval: Bilateral Collaboration: The approval reflects a commitment…
Nestlé Pakistan ended the year on a positive note, with an increase of 23.4% in its revenue as compared to FY 2022. The results were shared after the Board of Directors’ meeting at the Company’s Head Office. Despite several external challenges, a focus on innovation and renovation and ensuring product availability, supported by investments behind…
In a notable financial development, Pakistan Petroleum Limited (PPL) has witnessed a robust growth in profits, marking a significant 41% increase during the initial half of the fiscal year 2024. This positive financial performance underscores the company’s resilience and effective operational strategies amid dynamic market conditions. The substantial growth in Pakistan Petroleum’s profits is attributed…
On a consolidated basis, Engro Corporation’s revenue grew by 35% to PKR 482 billion in 2023, while consolidated PAT before accounting impact due to remeasurement of thermal energy assets increased to PKR 66 billion versus PKR 46 billion last year, recording an EPS of PKR 63.01. Major variance is attributable to higher urea sales, efficient…
Jubilee Life Insurance, the country’s largest private sector insurance company hosted a fundraising dinner for the Enterprise Challenge Pakistan (ECP), a national entrepreneurship competition for 14 – 18-year-old students, with distinguished guests in attendance including Her Excellency Ms Sarah Mooney – British Deputy High Commissioner, Mr Will Straw, CEO Prince’s Trust International, Mr Syed Usman…
Mobilink Bank witnesses multiple financial milestones in 2023, solidifying its position in the banking industry. With a revenue of PKR 41,053 million, representing 72% growth from the previous year, the Bank’s performance underscores its commitment to excellence and innovation, particularly in its support for women and Small and medium-sized enterprises (SMEs). Mobilink Bank’s commitment to…
In a decisive move, the Federal Board of Revenue (FBR) has established a deadline for the submission of tax proposals for the fiscal year 2025 (FY25) from investors and companies. This step is part of FBR’s proactive approach to engaging stakeholders in the budgetary process, seeking input and suggestions to formulate a comprehensive and inclusive…
Pakistan is on the brink of securing the final tranche of $1.1 billion from the International Monetary Fund (IMF), marking a significant step forward in the ongoing financial assistance program. The imminent disbursement of this tranche reflects the country’s adherence to the terms and conditions set by the IMF, demonstrating commitment to economic reforms and…
Zong 4G, Pakistan’s leading telecommunication organization Zong 4G, has collaborated with BaKhabar Kisan to facilitate seamless communication between the Farmers and Agri Experts to make informed and timely decisions, maximize yield and financial benefits to their livelihoods. BaKhabar Kisan is a comprehensive agricultural knowledge platform for farmers throughout Pakistan offering expert guidance on weather, crop…
In a significant announcement, the Chairman of the Federal Board of Revenue (FBR) has stated that the anticipated reforms within the FBR will be implemented under the auspices of the incoming government. This revelation outlines the strategic approach and commitment of the FBR in reshaping tax-related policies and administration to foster a more efficient and…
