The Board of Directors of Sindh Bank approved the annual audited accounts for the period ending December 31, 2023. In the financial year, the Bank recorded a profit before tax of Rs 657 million, with a consistent growth trajectory throughout the year. This was backed by record quarterly profits, contrasting with a loss before tax…
The Federal Board of Revenue (FBR) has missed the tax collection target for February and suffered a shortfall of Rs. 33 billion during the month. The FBR collected Rs. 681 billion during February 2024 against the assigned target of Rs. 714 billion, resulting in a shortfall of Rs. 33 billion. In January 2024, the FBR…
KARACHI: The salt exporters are facing a severe liquidity crunch as millions of dollars in sales tax refunds are stuck with the authorities, the industry body said on Thursday. Qasim Yaqoob Paracha, chairman of the Salt Manufacturers Association of Pakistan (SMAP), said the delays in refund payments were hurting the cash flow and competitiveness of…
HABIBMETRO continued its growth momentum by posting an 88% year-on-year increase and declaring a profit-before-tax of Rs. 52 billion for the year ended Dec 31, 2023. The increase in profitability was led by core earnings as the net interest margin improved by 76% year-on-year. Total deposits of the Bank exceeded Rs. 1 trillion, posting a…
A 64-year-old man shot a 39-year-old man in Nikaia, near Piraeus, before taking his own life, according to reports Friday. The victim, reportedly the perpetrator’s son-in-law, was fatally shot in the middle of the street with a double-barreled rifle before the assailant turned the weapon on himself. Police responded to the scene following a call…