KARACHI: The United Bank Ltd (UBL) on Wednesday announced a 75 per cent surge in its profit-after-tax (PAT) to Rs55.145bn in 2023 compared to Rs31.535bn in 2022. The bank also announced that the PAT for 4QCY23 depicted an increase of 3pc year-on-year to Rs13.5bn. UBL announced a final dividend of Rs11 per share. SPL income surges 122pc The profit of Security Paper Ltd (SPL) surged by 122pc R
KARACHI: State Bank of Pakistan (SBP) Deputy Governor Saleem Ullah on Wednesday emphasised the need for a rapid shift towards Islamic banking. Speaking at the 2nd National Islamic Economic Forum, organised by Saylani Welfare International Trust and Darul Uloom Memon on Wednesday, the SBP deputy chief said that the interest-based banking system is unjust, calling on banks to focus on wealth cr
While urging the government to immediately implement a nine-cent per kWh power tariff, the business leaders have warned that high gas prices will bring the industries on the verge of collapse due to rising cost of production amid surging inflation. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Acting President Saquib Fayyaz Magoon told a press conference on Wednesday at the F
ISLAMABAD: The Pakistan Bureau of Statistics (PBS) will conduct a digital census of the agriculture sector to maximise its benefits for policymakers in the country. An official announcement stated that PBS will employ seven software modules for an integrated and digital census approach, maximising benefits for Pakistan’s agricultural sector. In this connection, PBS will train employees on HR
ISLAMABAD: The export of Pakistani food items is safely projected to cross the $7 billion mark by the end of fiscal year 2023-24, reflecting a sharp contrast of about $4 billion annual exports in this sector previously, the Chief Executive of Trade and Development Authority of Pakistan (TDAP), Muhammad Zubair Motiwala, said on Wednesday. Speaking at the Pakistan Pavilion at the ongoing Gulf Foo