The communications sector underwent significant gross FDI outflows due to a high corporate taxation environment and lower average revenue per user (ARPU) that affected the earning prospects of telecom companies, says the State Bank of Pakistan (SB).Th…
Directorate General of Customs Valuation Karachi has revised customs values on the import of fresh flowers through air including roses, Lilium/Lilli, baby breath, daisy, and other types of fresh flowers.In this regard, the directorate issued a new val…
The State Bank of Pakistan (SBP) has projected that the GDP growth rate will settle between 2 and 3 percent in the current financial year 2023-24 as compared to the target of 3.5 percent. The GDP growth stood at 0.3 percent in FY23, 6 percent in FY22,…
Fauji Foods Limited (PSX: FFL) has posted a Rs. 38.6 million profit for the quarter that ended on September 30, calendar year 2023, compared to a loss of Rs. 690 million in the same period last year.For 9MCY23, the company reduced its loss after tax t…
The Lahore Development Authority (LDA) has taken strict action over the violation of land use laws in the Upper Mall Scheme in the provincial capital.According to the authority, LDA officials sealed more than 11 properties over the violation of the af…