General Business News

Karachi: Commercial banks in Pakistan are under pressure to significantly increase their lending in the final quarter of the year. They must raise their Advance to Deposit Ratio (ADR) above 50% by December 2024 to circumvent an increased tax burden. T...

The post Commercial Banks Urged to Boost Lending by 31% to Sidestep Tax Hike appeared first on Pakistan Business News.

Islamabad: The National Database and Registration Authority (NADRA) has partnered with the Bank of Punjab (BOP) to launch an e-Payment Gateway and Acquiring Agreement, a significant move to boost digital payment infrastructure in Pakistan. This coll...

The post NADRA Partners with Bank of Punjab to Launch E-Payment Gateway for Enhanced Service Delivery appeared first on Pakistan Business News.

Lahore: Fatima Fertilizer Company Ltd. (FATIMA) today announced its third quarter financial results for the year 2024, posting an 18% increase in consolidated earnings, despite a significant drop in sales volumes and revenues. The company recorded ear...

The post Fatima Fertilizer Reports 18% Rise in Quarterly Profits Despite Sales Decline appeared first on Pakistan Business News.

Islamabad: The State Bank of Pakistan (SBP) is anticipated to implement a significant reduction in its policy rate by 200 basis points in the upcoming Monetary Policy Committee (MPC) meeting. This move is driven by a combination of higher real interes...

The post Pakistan’s Central Bank Expected to Reduce Policy Rate by 200 Basis Points appeared first on Pakistan Business News.

Karachi: Pakistan State Oil (PSO) reported significant progress in revenue collection for the third consecutive quarter, with total trade receivables declining by PkR80 billion from December 2023’s peak of PkR548 billion. This reduction, driven by col...

The post PSO Reports Strong Revenue Collection, Boosting Liquidity and Reducing Obligations appeared first on Pakistan Business News.

Islamabad: Mari Petroleum Company Limited (MARI) reported its first quarter financial results for FY25, showing a Profit After Tax (PAT) of PkR19.2 billion, or an earnings per share (EPS) of PkR16.0. The company’s quarterly earnings remained largely f...

The post Mari Petroleum Posts Flat Earnings in First Quarter FY25 Amid Declining Sales and Increased Exploration Costs appeared first on Pakistan Business News.

Karachi: Financial professionals are preparing for a significant reduction in the Policy Rate in the upcoming November 4 Monetary Policy announcement, with a majority predicting a cut of at least 200 basis points. A substantial portion of experts anti...

The post Financial Experts Anticipate Aggressive Rate Cut in Upcoming Monetary Policy appeared first on Pakistan Business News.