HBL declares 32 percent decline in net profit for first quarter

KARACHI: Habib Bank Limited (HBL) has announced 32 percent decline in profit after tax to Rs3.177 billion for first quarter of year 2019 as compared with Rs4.68 billion in the same quarter... Read more »

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 »