Shell Pakistan declares 81 percent decline in net profit

KARACHI: Shell Pakistan Limited on Tuesday declared 81 percent decline in its profit after tax. Read more »

PSO declares 55 percent decline in net profit for nine-month period

KARACHI: The net profit of Pakistan State Oil (PSO) has declined substantially by 55 percent to Rs5.92 billion for the period July – March 2018/2019 as compared with Rs13.22 billion in the... Read more »

Ghandhara Nissan declares 44 percent decline in net profit for nine-month period

KARACHI: Ghandhara Nissan Limited, the assembler of light commercial and heavy vehicles in Pakistan, has posted significant decline in net profit by 44 percent for nine-month period ended March 31, 2019. Read more »

Zubyr Soomro appointed as NBP board chairman

KARACHI: Zubyr Soomro has been appointed as chairman of Board of Directors of National Bank of Pakistan (NBP), said a notice to Pakistan Stock Exchange (PSX) on Thursday. Read more »

PTCL’s revenue grows by 11 percent in first quarter

ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL) on Wednesday announced group’s revenue growth by 11 percent for first quarter ended March 2019. Read more »

Meezan Bank, Regal Auto sign MoU for Sharia financing solutions

KARACHI: Meezan Bank, Pakistan’s leading Sharia compliant bank, has signed a Memorandum of Understanding (MoU) with Regal Automobile Industries Limited to provide exclusive Shariah-compliant financing solutions and value-added services to its customers.... Read more »

LG dualcool air conditioners attract visitors at InnoFest MEA

KARACHI: LG Electronics (LG) attracted visitors at InnoFest MEA with its new split air and floor standing dualcool air conditioners for 2019. Read more »

Bank Alfalah, Ghandhara Industries sign MoU

KARACHI: Bank Alfalah Islamic and Ghandhara Industries Limited (GIL) have signed a Memorandum of Understanding (MoU) for a joint campaign to promote ‘Isuzu D-Max Pickup variants’ through auto finance product. GIL is... Read more »

FBR lodges FIR against Shaheen Air for tax fraud

KARACHI: Federal Board of Revenue (FBR) has lodged First Information Report (FIR) against Shaheen Air International Limited for committing tax fraud to the tune of Rs 1 billion. Read more »

GlaxoSmithkline’s drugs seized for illegal price increase

ISLAMABAD: Federal Minster Aamer Mehmood Kiani and Chief Executive Officer (CEO) Drug Regulatory Authority of Pakistan (DRAP) Asim Rauf visited UDL distribution along with area Federal Inspector of Drugs. Read more »

United Brands Limited stops consumer products’ distributions of leading brands

KARACHI: A leading distributor of consumer goods has discontinued distribution of leading brands from its business portfolio which may cause monthly loss of Rs58 million. Read more »

Car sales down 4 percent on economic slowdown, high prices

KARACHI: The sales of locally assembled cars have declined by 4 percent during first nine months (July-March) 2018/2019 owing to slowdown in economy and recent rise in car prices, analysts said on... Read more »