Soneri Bank Ltd on Tuesday reported that its profit-after-tax fell 16.47 per cent to Rs1.470 billion for quarter ending on March 31 from Rs1.760bn. The bank’s board of directors in its 210th meeting approved the bank’s interim financial statements for the quarter ended March 31. The earnings per share declined to Rs1.04 during the quarter compared to Rs1.59 due to additional tax incidence
Stock markets rose, gold hit another record high and the dollar remained under pressure as investors grappled with the latest twists and turns in US President Donald Trump’s trade war. Technology shares jumped in early Wall Street deals in reaction to late Friday’s announcement by the Trump administration of tariff exemptions for smartphones, laptops, semiconductors and other electronics — al
The Federal Board of Revenue and Supreme Court Bar Association (SCBA) representatives met the International Monetary Fund (IMF) mission on Monday to discuss a host of issues ranging from the tax transformation plan and enhancing actual collection efforts to judicial efficiency, contract enforcement, and property rights protection. The IMF Governance and Diagnostic Assessment teams are in
Finance Minister Muhammad Aurangzeb will be in the US next week for meetings with the IMF and World Bank, a visit that has taken on added urgency amid concerns of a looming trade crisis following the tariffs imposed by the Trump administration. The minister is scheduled to arrive in Washington on April 21 to attend the 2025 Spring Meetings of the IMF and World Bank. Diplomatic sources sugge
The Water and Power Development Authority (Wapda) has hit back at the Central Development Working Party (CDWP), justifying an ‘astronomical increase’ in the cost of the Dasu Hydropower Project from Rs480bn to Rs1.74tr with 10-year delay. In its documents submitted to the CDWP, Wapda has also disclosed the transportation of Chinese engineers and workers engaged in the multi-billion-dollar projec