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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: 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.

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.

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 18th consignment of humanitarian aid from Pakistan has successfully arrived in Beirut, Lebanon. The shipment, weighing 95 tons, was dispatched from Islamabad International Airport on a chartered flight and comprises relief items provide...

The post Pakistan Sends 18th Humanitarian Aid Consignment to Lebanon appeared first on pakistannewsgazette.com.

Zhob: Security forces successfully neutralized one Kharji and apprehended another in an intelligence-based operation in Zhob District. The operation, aimed at addressing the reported presence of Khwarij, also led to the recovery of weapons and ammunit...

The post Security Forces Neutralize Kharji Threat in Zhob Operation appeared first on pakistannewsgazette.com.

Muzaffarabad: The Azad Kashmir government has bolstered its police resources by distributing new vehicles to various police stations throughout the region. In a recent ceremony, Prime Minister of Azad Jammu and Kashmir, Chaudhry Anwar ul Haq, presente...

The post New Vehicles Bolster Police Resources Across Azad Kashmir appeared first on pakistannewsgazette.com.