US EditionStandard Chartered Pakistan delivers profit before tax of PKR 17 billion
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Standard Chartered Pakistan delivers profit before tax of PKR 17 billion
News Desk KARACHI: Standard Chartered Bank Pakistan Limited (SCBPL) delivered a resilient financial performance with profit before tax of PKR 17.0bn compared to PKR 24.7bn in Q1’24. The Bank posted revenue of PKR 23.1 bn, lower by PKR 6.4bn primarily due to a sharp reduction in interest rates. This was partially offset by an increase in non-funded income and a decrease in cost of funds. While expenses increased 11% on the back of inflation, inve…
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