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 »

Registration of companies crosses 95,000: SECP

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has said that total registration of corporate registration has crossed over 95,000 units following 1,317 new registrations in January 2019. Read more »

Car sales decline 3.2 percent in July – January

KARACHI: The sale of locally assembled motor vehicles has declined by 3.2 percent during first seven months of current fiscal year despite higher prices owing to depreciation of rupee value. Read more »