Business

KARACHI: The recent changes by the Federal Board of Revenue (FBR) have made it nearly impossible for small businesses to file timely sales tax returns, according to Muhammad Jawed Bilwani, President of the Karachi Chamber of Commerce and Industry (KCC...

The post New Tax Filing Rules Pose Challenges for Small Businesses: Bilwani appeared first on Pakistan Business News.

Karachi: Bank Alfalah Limited reported a significant decline in profits for the fourth quarter of 2024, announcing earnings of PkR4.7 billion, or PkR3.0 per share. This represents a year-over-year decrease of 49% and a quarterly drop of 64%. Despite t...

The post Bank Alfalah Reports Decline in Profits but Boosts Cash Payouts appeared first on Pakistan Business News.

KARACHI: Nestlé Pakistan was honored with the top Climate Champion Award at the inaugural OICCI Climate Excellence Awards, spotlighting its initiatives in climate action, sustainability, renewable energy, and regenerative agriculture. The awards were ...

The post Nestlé Pakistan Triumphs at OICCI Climate Excellence Awards appeared first on Pakistan Business News.

KARACHI: A severe water shortage has halted industrial production in Karachi's SITE area, leaving factories closed and workers idle for the past four days.

According to a statement by SITE Association of Industry, Ahmed Azeem Alvi. The interruption ...

The post Severe Water Shortage Halts Industrial Production in Karachi’s SITE Area appeared first on Pakistan Business News.

Lahore: In a concerted effort to enhance economic cooperation, Senior Vice President of the Lahore Chamber of Commerce and Industry (LCCI), Engineer Khalid Usman, met with Iranian Consul General Mehran Movahhedfar to discuss strategies for boosting bi...

The post Iran and Pakistan Seek to Strengthen Economic Ties appeared first on Pakistan Business News.

Karachi: Security Papers Limited (SPL) has announced a 7.5% increase in after-tax profit for the first half of the fiscal year 2024-25, marking a significant financial milestone for the company. This growth aligns with a similar rise in earnings per s...

The post Security Papers Limited Reports 7.5% Profit Growth in First Half of Fiscal Year appeared first on Pakistan Business News.

Karachi: The 4th AlBaraka Forum Regional Conference, held on January 28, 2024, at the Marriott Hotel in Karachi, spotlighted the critical role of Sukuk in sustainable economic growth. Organized by the AlBaraka Forum for Islamic Economy in collaboratio...

The post AlBaraka Forum Elevates Sukuk’s Role in Sustainable Finance appeared first on Pakistan Business News.