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Karachi, For the first time in over a year, Pakistan has seen its tax collections exceed set targets and recorded growth in both the large-scale and power sectors. These developments were presented by Finance Minister Dr. Shamshad Akhtar during her spe...

The post Tax Collections Surpass Targets; Notable Growth in Large-Scale, Power Sectors, Announces Finance Minister appeared first on Pakistan Business News.

Karachi, The stock market showed a promising trajectory today, closing with an impressive gain of 539 points at 51,483. This surge was primarily driven by commendable corporate results, manifesting in a broad-based rally. Several companies stood out wi...

The post Market Sees Positive Momentum with Gain of 539 Points; JS Securities Weighs In appeared first on Pakistan Business News.

Karachi, The local equity markets are reflecting heightened confidence as investors anticipate a potential easing in the monetary policy soon, following the Policy Rate being stationed at 22%. With headline inflation projected to drop to 16% by June 20...

The post Anticipation of Easing Monetary Policy Fuels Market Confidence: JS Securities appeared first on Pakistan Business News.

Karachi, D.G. Khan Cement Company Ltd. (DGKC) shifted its financial trajectory this quarter, reporting earnings after facing a significant loss in the previous one. Key factors influencing this turnaround include improved gross margins attributed to fa...

The post D.G. Khan Cement Reports Earnings in 1QFY24 Following Last Quarter’s Loss appeared first on Pakistan Business News.

Karachi, HCAR is predicted to showcase a remarkable increase in its earnings for 2QMY24, while NCL is set to announce its 1QFY24 results with anticipated improved margins on Monday. Both companies are seeing favorable factors, including enhanced sales ...

The post HCAR Anticipated to Report Significant Earnings Growth; NCL Expected to Post Improved Margins appeared first on Pakistan Business News.

Karachi, Three major companies - Pakistan Petroleum Limited (PPL), Pioneer Cement Limited (PIOC), and Lucky Cement Limited (LUCK) - revealed their first-quarter results for fiscal year 2024 today, demonstrating varying degrees of financial performance....

The post Pakistan Petroleum, Pioneer Cement, and Lucky Cement Announce 1QFY24 Financial Results appeared first on Pakistan Business News.

Karachi, Caretaker Finance Minister, Dr Shamshad Akhtar, emphasized the importance of supporting the government's push to attract foreign direct investment and the need to invest in export-based industries. This, she believes, would play a pivotal role...

The post Finance Minister Promotes Foreign Investment; OICCI Voices Tax Evasion Concerns appeared first on Pakistan Business News.