- 26 April, 2024
Economy
FBR to Disallow Input Tax Adjustment to 1,680 Unregistered Retailers
The Federal Board of Revenue (FBR) will disallow input tax adjustment of 1,680 Tier-1 retailers in case they fail to integrate with the FBR’s computerized system for real-time reporting of sales till May 31, 2024.
A Sales Tax General Order No. 01 of…
Here’s How To Pay Your IESCO Bill Online Starting April 2024
Islamabad Electric Supply Company (IESCO) is facing disruption in its online bill payment system, hence payments through banking apps or 1link are not working at the moment. This has resulted in people forming long queues outside of IESCO offices eve…
Lucky Core Industries’ Profit Declines By 64% in 9 Months of FY24
Lucky Core Industries Limited announced its 9MFY24 financial result today where the company posted a profit after tax (PAT) of Rs. 7.9 billion, down 64 percent YoY compared to PAT of Rs. 21.9 billion during SPLY.
On a quarterly basis, the profitabil…
NEPRA Approves KE’s 7-Year Investment Roadmap
The National Electric Power Regulatory Authority (NEPRA) has given decision on the utility’s Transmission and Distribution Investment Plan till FY2030 which will catalyze the company’s efforts to reduce losses in transmission and distribution, drive …
International Reporting Standards Critical to Modernizing Insurance Industry: SECP Commissioner
Aamir Khan, Commissioner Insurance at SECP stated that the adoption of international reporting standards for modernizing Pakistan’s insurance industry is a critical priority for SECP as a regulator of the insurance sector.
He was delivering the keyn…
Allied Bank Posts 51% Profit Growth in First 3 Months of 2024
Allied Bank Limited (PSX: ABL) announced earnings (PAT) today for 1QCY24 at Rs. 11.6 billion, depicting an increase of 51 percent YoY, however down 5 percent QoQ.
According to Arif Habib Limited (AHL), the decrease in earnings QoQ was mainly attribu…