Profit
More News
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MNCs witness over 3-fold surge in profit repatriation
Foreign firms transfer $759.2m abroad in first eight months amid improved reserves, stability
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Ban on profit outflow lifted as reserves rise
SBP data shows MNCs’ profit repatriation hits 17-month high at $163.7m in Sept 2023
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High rates to stem outflow
Investors have pulled out of saving schemes to deposit funds in banks
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Govt increases profit rate on savings certificates
A 4.13% increased rate of return to make saving schemes lucrative and mobilise investment from the general public
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Hinopak delivers profits amid era of downturn
Posts increase of 780 units compared to 663 units in previous year
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MNCs’ profit repatriation plunges 80%
They send to headquarters abroad just $225m as dollars become scarce
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Honda Atlas posts 82% increase in profits
After-tax profit rises 82% to Rs810 million in Q3FY23 from Rs445 million last year
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Indus Motor profit falls 75%
Net sales declined to Rs37.2 billion during the first quarter of FY23
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Indus Motor’s profit soars 152% to Rs12.8b
Increase comes on back of rise in other income, dip in other operating expenses
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Engro Corp’s profit soars 46.5% to Rs14.3b
Substantial increase in earnings from subsidiaries prop up company’s profit
