Karachi – Allied Bank Limited, one of Pakistan’s leading financial institutions, announced a profit after tax of Rs12.88 billion for the year 2018, reflecting a commendable 1.15 percent increase compared to the preceding year’s profit of Rs12.733 billion.
(more…)Author: Hamza Shahnawaz
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Rupee maintains level against dollar in early trading
Karachi – The Pakistani Rupee commenced the day by maintaining its value against the US Dollar on Wednesday, as reported by currency dealers.
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KSE-100 index gains 270 points amid selling pressure
The benchmark KSE-100 index at the Pakistan Stock Exchange (PSX) demonstrated resilience by gaining 270 points on Tuesday, closing at 40,596 points compared to the previous day’s 40,326 points.
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Rupee gains two paisas amid foreign inflow hopes
The Pakistani Rupee (PKR) exhibited a marginal gain of two paisas against the US Dollar on Tuesday, closing at Rs138.92 in the interbank foreign exchange market.
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CDC launches electronic voting service for companies
The Central Depository Company (CDC) of Pakistan has taken a significant leap towards modernizing shareholder engagement with the launch of an electronic voting service.
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FBR notifies removal, reduction of RD on raw materials
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday notified elimination and reduction of regulatory duties on import of various raw materials used by manufacturing sector.
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Rupee recovers against dollar in early trading
The Pakistani Rupee (PKR) showed signs of resilience as it recovered six paisas against the US Dollar in early trading on Tuesday, marking a positive shift in the foreign exchange market, according to dealers.
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Moody’s downgrades rating for Pakistan banks
Moody’s Investors Service, a globally renowned credit rating agency, has altered its outlook for Pakistan’s banking system from stable to negative, citing concerns over the sector’s exposure to the nation’s low-rated sovereign debt and a decelerating economy.
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Equity Market Declines 591 Points Despite Positive UAE Reports
KARACHI: The Pakistan Stock Exchange (PSX) experienced a downturn of 561 points on Monday, closing at 40,327 points, down from the previous session’s 40,887 points, despite positive developments from the Government Summit in the UAE.
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Rupee falls 54 paisas to dollar on payment demand
KARACHI: The Pakistani Rupee experienced a decline of 54 paisas against the US dollar on Monday, signaling increased demand for imports and corporate payments, according to market dealers.
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