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Tag Archives: corresponding period

HBL earns Rs21.8b, Sindh Bank posts Rs720m profit

KARACHI: Habib Bank (HBL) has announced its consolidated profit of Rs21.8 billion of 3 quarters of fiscal year 2014, showing growth of 31 per cent as it earned Rs16.6 billion during the corresponding period of last year. As per details, HBL has also announced an interim cash dividend of Rs2.25 per share in addition to Rs4.25 per share dividend already ... Read More »

Indus Motor records 28pc profit, Pakistan Petroleum earns Rs13.6b

KARACHI: Indus Motor Company (IMC) has earned a net profit of Rs1.1 billion during first quarter of current fiscal year, showing a growth of 28 per cent from Rs0.9 billion it recorded during the same period last year. The company’s sales revenue from Completely Knocked Down (CKD), Completely Built Units (CBU) and spare parts business has increased by 21 per ... Read More »

Pakistan’s imports up by 12.01pc to $12.5b in July-Sept

ISLAMABAD: The country’s total import bill increased by 12.01 per cent and reached $12.519 billion during the first quarter of fiscal year 2014 from $11.177 billion import of corresponding period of last year. According to Pakistan Bureau of Statistics data, the import of oil and eatables has decreased by 4.78pc to $4.79 billion in July-September 2014 as compared to $5.03 ... Read More »

Agri credit disbursement up by 38pc to Rs98b in July-Sept 14

KARACHI: Agriculture credit disbursement has increased by 38 per cent to Rs98 billion during the first quarter of current financial year. According to the State Bank of Pakistan (SBP), the banks disbursed Rs70.8 billion agriculture credit during the same corresponding period of last fiscal year. The disbursement is almost 20% of the overall annual agriculture credit target of Rs500 billion. ... Read More »

FBR collects Rs63b ‘more’ revenue in July-Sept

ISLAMABAD: Federal Board of Revenue (FBR) has collected Rs563 billion in July-September of current fiscal year as compared to last year’s Rs500 billion, showing growth of 12 per cent. However, there is Rs20 billion shortfall as FBR collected Rs563 billion during the first quarter FY 2014 against the target of Rs583 billion. Sources said that despite the ongoing political turmoil, ... Read More »

Trade deficit shoots up by 28pc

ISLAMABAD: The country’s trade deficit has shot up by 28 percent in the first two months (July-August) of the ongoing fiscal year 2014-15 due to the massive increase in imports and continuous decline in exports. The country’s trade imbalance has recorded at $4.243 billion during July-August period of the financial year 2014-15 as against $3.308 billion of the corresponding period ... Read More »

FBR collects Rs 134b amid Imran, Qadri’s sit-ins

ISLAMABAD: The Federal Board of Revenue (FBR) collected Rs 134 billion revenue until August 26 against Rs 110 billion collected during the corresponding period of the last year, depicting a 20 percent increase in the tax collection, said Shahid Hussain Asad, the member of the Inland-Revenue and spokesman for the Federal Board of Revenue (FBR). “The sit-ins by the Pakistan ... Read More »

GSP+ boosted textile exports in FY14

LAHORE: Textile exports, amid all gloom and doom, showed encouraging growth of 3.9 percent year-on-year and reached $13.8 billion in fiscal year 2014 as against $13.3 billion during the corresponding period of last year. Most of the textile exports were to EU which surged by 18 percent on YoY and reached $5 billion in FY14. This was mainly due to ... Read More »