OGDCL discovers huge deposits of gas in Sindh

KARACHI: Oil and Gad Development Company Limited (OGDCL) has discovered huge amount of gas at exploratory well Mangrio 01, District Tando Muhammad Khan, Sindh Province. Read more »

Secured transactions registry established in SECP

ISLAMABAD: The function of Secured Transaction Registry (STR) has been established at the Securities and Exchange Commission of Pakistan (SECP). Read more »

Meezan Bank signs payment services pact with PSL

KARACHI: Meezan Bank, leading Islamic bank in Pakistan, has recently joined hands with Port Services Limited (PSL), Sialkot as their exclusive partner for payments & cash management services, a statement said on... Read more »

Careem signs agreement to provide logistic solution to Unilever

KARACHI: Careem – the app based logistic service – has signed an agreement to provide solution to Unilever for its logistic business. Read more »

OMCs sales sharply decline by 25pc in 10 months

KARACHI: The sales of Oil Marketing Companies (OMCs) massively declined by 25 percent during first ten months (July – April) of current fiscal year owing to slowdown in economic activities. Read more »

FBR provisionally revokes sales tax registration suspension of Hascol Petroleum

KARACHI: Federal Board of Revenue (FBR) has provisionally revoked the suspension of sales tax registration of M/s. Hascol Petroleum Limited on directives issued by Sindh High Court. Read more »

Byco Petroleum posts 80 percent decline in net profit

KARACHI: Byco Petroleum Pakistan Ltd. has posted around 80 percent decline in net profit for nine-month period ended March 31, 2019, according to financial results presented to Pakistan Stock Exchange (PSX) on... Read more »

PSX warns PIA of suspending its share trading for non-compliance

KARACHI: Pakistan Stock Exchange (PSX) has warned Pakistan International Airline (PIA) of suspending share trading from May 22, 2019 for non-compliance of regulations. Read more »

Meezan Bank posts 49 percent growth in quarterly net profit

KARACHI: Meezan Bank Limited has declared 49 percent increase in profit after tax to Rs2.85 billion for the quarter ended March 31, 2019 as compared with Rs1.19 billion in the same period... Read more »

Engro Corp announces Rs7.5 billion investment in telecom infrastructure

KARACHI: Pakistan’s premier conglomerate, Engro Corporation, has announced investment in telecom infrastructure. Read more »

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 »