Pakistan Bank: Pakistan Listed Banks Profitability fall 2% QoQ and 1% YoY in 4Q2024 Profits up 5% YoY in 2024 - By Topline Research
03 Mar 2025
Pakistan's listed banks profitability clocked in at Rs153bn, down by 1% YoY and 2% QoQ in 4Q2024. ......
Pakistan Banks: Government collected wind fall tax from banks; most banks have already provided - By Topline Research
24 Feb 2025
The Sindh High Court (SHC) has ruled in favor of the federal government and as a result banks have paid tax on windfall income under section 99D of the income tax ordinance for the period for year 2021 and 2022. ......
Habib Metropolitan Bank Limited (HMB): 4QCY24 EPS clocks-in at PKR 5.6; PAT up 12%YoY/down 21%QoQ - By Taurus Research
20 Feb 2025
4QCY24 EPS: PKR 5.6. 4QCY24 PAT up 12%YoY. CY24 EPS: PKR 23.8. CY24 PAT up 2%YoY – in line with expectations. HMB also announced a final cash dividend of PKR 4.5/sh., taking the full year payout to PKR 12.0/sh. ......
Pakistan Bank: Banks core income to decline in 4QCY24E - By JS Rresearch
12 Feb 2025
We preview 4QCY24 results for Pakistan banks which are expected to broadly report YoY decline in core income due to NIMs contraction. Moreover, higher taxation is expected to outweigh gains from elevated non-core income and asset base growth. ......
Bank: Earnings Drop 11.7% QoQ Amid Tax Hike & NIMs Squeeze - By IIS Research
29 Jan 2025
We preview IIS banking universe 4QCY24 result, where Earnings are projected to decline by 11.7% QoQ, primarily due to NIM compression from lower interest rates and a retrospective 5% increase in corporate tax, which became applicable in Dec’24, furth...
Pakistan Bank: Increased corporate tax to dent earnings in 4Q - By Foundation Research
29 Jan 2025
While the banking sector has reported record profits in 9MCY24, imposition of higher corporate tax on CY24 income will dent profitability in 4Q. To note, ADR related tax has been abolished and corporate tax rate for the banking sector has been jacked...
Commercial Bank: 4QCY24 Universe earnings to fall 29%QoQ - By Taurus Research
27 Jan 2025
We expect 4QCY24 TSL Banking Universe earnings to fall 29% QoQ primarily due to: i) margin compression amid falling yields specially on investments due to drop in interest rates; and ii) surge in taxation owing to revision in the corporate tax rate f...
Pakistan Banks: SBP issued guidelines for Pool Management for IBIs and amended the implementation of IFRS 9 – Neutral for Banks - By Topline Research
23 Jan 2025
State Bank of Pakistan (SBP) recently issued guidelines through its circulars/notifications regarding Profit and Loss Distribution and Pool Management for Islamic Banking Institutions (IBIs) and amended the IFRS 9 Application Instructions. ......
Pakistan Bank: Banks earnings to fall 10% YoY and 24% QoQ in 4Q2024 Market Weight Stance Maintained – By Topline Research
16 Jan 2025
Topline Banking Universe is likely to post an earnings decline of 10% YoY and 24% QoQ in 4Q2024, amid a higher effective tax rate. ......
Bank: Government abolished additional tax on low ADR; increased corporate tax rate by 5% - By Topline Research
28 Dec 2024
In a recent development, Federal Cabinet has approved the promulgation of an Income Tax Ordinance to implement changes in the Advance Deposit Ratio (ADR) for banks. ......
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