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HBL 9M’19 profit after tax declines 11pc

Operating Expenses escalate from Rs56.26billion in 9M’18 to Rs69billion 9M’19 M Jahangir Hayat LAHORE: Habib Bank Limited (HBL) has posted 11 percent decline in profit after tax of Rs 8.8 billion for nine month 2019, Rs 1.1 billion lower than last year’s profit of Rs 9.9 billion during the same period, the bank’s’ nine month’s financial…
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FBR Lahore holds outreach education and training  seminars

Our Special Correspondent LAHORE: As the due date for filing return of income for the tax year 2019 is drawing nearer, outreach education and training  seminars/workshops arranged by Regional Tax Office-II, Lahore are gaining momentum.  Kiosks and return receipt countershave been established at all prominent commercial areas of Lahore, Kasur,…
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Banking Sector NPLs soar 8.8pc to Rs768b by H1CY19 end

M Jahangir Hayat LAHORE: The Banking Sector Non Performing Loans (NPLs) to total Gross Loans, (infection ratio) has increased to 8.8 percent totaling PKR 768 billion by the end of H1CY19, against 8.0 percent by end H2CY18, weakening the Asset Quality of the banking sector during H1CY19, State Bank of Pakistan, Financial Stability Department…
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FBR officers warned for utilization of total budget in Q1

Our Special Correspondent LAHORE: The Federal Board of Revenue (FBR) has warned the chief collectors, collector, director general who have spent above 40 percent of the budget during the first quarter of the Current Financial Year 2019-20. As per details, the competent authorities has taken serious view of the violation of Finance Division’s…
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Golden Jubilee Ceremony Held for Members Mecognition

LAHORE: The Lahore Chamber of Commerce & Industry Saturday organized a prestigious ceremony for the recognition of Golden Jubilee Members who are associated with the premier chamber for 50 years or more. LCCI President Almas Hyder, along with Senior Vice President Khawaja Shahzad Nasir and Vice President Faheem-ur-Rehman Saigal, gave Golden…
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