Byco Petroleum declares 96pc decline in half-year profit

KARACHI: The net profit of Byco Petroleum Pakistan Ltd. fell sharply by 96 percent for the first half ending December 31, 2018 due to depreciation in Pak Rupee value and weak upliftment... Read more »

Indus Motors declares fall in half-year profit on high cost of sales

KARACHI: Indus Motors Company Limited has declared 6.13 percent decline in half yearly net profit owing to significant rise in cost of sales for the period. Read more »

Meezan Bank announces 42 percent increase in annual profit

KARACHI: Meezan Bank Limited has declared sharp increase of 42 percent in profit after tax for the year ended December 31, 2018, according to financial results submitted to Pakistan Stock Exchange (PSX)... Read more »

HUBCO declares 26pc fall in half year profit

KARACHI: Hub Power Company Limited (HUBCO) has declared 26.6 percent fall in profit after tax for the half year ended December 31, 2018, according to financial results submitted to Pakistan Stock Exchange... Read more »

Mari Petroleum board approves acquisition of two new exploration blocks

KARACHI: The Board of Directors (BoD) of Mari Petroleum Company Limited (MPCL) on Wednesday approved acquisition of two new exploration blocks. A statement issued by the company said that MPCL BoD approved... Read more »

United Bank registers 39 percent decline in annual profit

KARACHI: United Bank Limited (UBL) has announced sharp decline of 39.53 percent in annual profit for the year ended December 31, 2018 due significant provisioning, write offs and pension liabilities. Read more »

Engro Corp announces 35 percent surge in annual profit

KARACHI: Engro Corporation Limited (ENGRO) has announced 35 percent surge in profit after tax to Rs12.71 billion for calendar year 2018 as compared with Rs9.41 billion in the preceding year. Read more »

International Steel announces 20 percent decline in profit after tax for first half

KARACHI: International Steel Limited (ISL) declared 20 percent decline in profit after tax for the first half ended December 31, 2018, according to financial results submitted to Pakistan Stock Exchange (PSX) on... Read more »

PSO declares 50 percent decline in net profit for first half

KARACHI: Pakistan State Oil (PSO) has declared 50 percent decline in net profit for half-year period ended on December 31, 2018, according to financial results submitted to Pakistan Stock Exchange (PSX) on... Read more »

PTCL converting exposures in local currency after Rs323 million exchange loss

KARACHI: Pakistan Telecommunication Company Limited (PTCL) has decided to convert its exposures into Pak Rupee instead of US dollar. Read more »

PTCL customers to get discount on Careem rides

KARACHI: Pakistan Telecommunication Company Limited (PTCL) collaborates with Careem to offer discounts on rides for its customers across Pakistan. Read more »

CDC launches electronic voting service for companies

KARACHI: Central Depository Company (CDC) of Pakistan has launched electronic voting service for shareholders of companies to elect directors in a paperless regime. Read more »