KARACHI: On Thursday, the National Bank of Pakistan (NBP) reported to its shareholders that its profit-after-tax (PAT) increased from Rs30.95 billion in 2022 to Rs53.32 billion in 2023 (profits per share at Rs24.96). This is a 72% increase.
The board of directors did not, however, suggest paying out a cash dividend.
The bank told the shareholders that a sharp rise in interest income—from Rs117 billion in 2022 to Rs169.36 billion in 2023—was the reason for the enormous profit.
SOURCE: DAWN NEWS
