Saudi Aramco earns $161bn profit for 2022
Saudi Aramco said on Sunday it achieved "record" profits totalling $161.1 billion last year, drawing an outraged response from activists warning about...
PRA exceeds revenue collection target
Tax collection maintains a growth of over 30%
SBP’s shariah compliant liquidity explained
KARACHI: The State Bank of Pakistan (SBP) announced the introduction of Shariah compliant Standing Ceiling Facility and Open Market Operations (OMO) injections...
Pakistan secures only 36% of external financing in 10MFY23
Pakistan secured only $8.12b, against a target of $22.81b in the first ten months of current fiscal year
Sri Lanka parliament approves domestic debt restructuring plan
Sri Lanka's parliament approved a domestic debt restructuring plan on Saturday that is crucial to continue a $2.9 billion bailout from the...
World Bank’s IFC to invest about $73m in Mahindra’s last mile mobility unit
BENGALURU: Indian automaker Mahindra and Mahindra Ltd said on Wednesday that World Bank’s private investment arm, International Finance Corp (IFC), will invest...
Pakistan’s private equity potential
Profit explains what private equity is, and talks to some of the major stakeholders about the future
FBR significantly changes the taxation of capital gains on disposal of immovable property
ISLAMABAD: Federal Board of Revenue (FBR) has made significant changes in the taxation of capital gains on disposal of immovable property.Â
The changes...
How tech brands are digitally hammering global FMCG giants
According to a Foreign Policy report, the cash that Apple has on-hand exceeds the GDPs of two-thirds of the world’s countries
PSX gains 501 points amid bullish trading
Cement sector manages to add 4.58pc in its cumulative market capitalisation
KARACHI:Â Bullish sentiments prevailed at the Pakistan Stock Exchange (PSX) on the...
Virus lockdown: Gul Ahmed reports Rs8bn loss in revenue
LAHORE: The retail stores of Gul Ahmed Textile Mills Limited (GATM) across the country had remained closed for approximately eight weeks, owing...
Pakistanis lost millions of dollars in OneCoin scam
Pakistanis have been a victim to the world's biggest crypto-scam that jolted the digital scene this year.
According to a private media outlet,...
Online medicine delivery startup emeds.pk secures six-figure seed investment
The digital pharmacy currently operates in Lahore and plans to branch out to other cities in the near futureÂ
Oil and gas reserves to end after 10 years, reveals petroleum division
ISLAMABAD: Senate Standing Committee on Petroleum was informed on Thursday that the country’s existing oil reserves will see an end only after 10 years...
PSX ends 147 points higher, breaks three-day losing streak
KARACHI:Â Breaking its three-day losing streak, the Pakistan Stock Exchange (PSX) ended the last trading session of the week in green. Foreign investors...