PTCL declares 14.33 percent growth in after tax profit

KARACHI: Pakistan Telecommunication Limited (PTCL) on Wednesday declared 14.33 percent growth in profit after tax for the nine-month period ended September 30, 2019. Read more »

UBL posts 48 percent increase in after tax profit

KARACHI: United Bank Limited (UBL) has announced 48 percent increase in after tax profit to Rs14.4 billion in nine-month period ended September 30, 2019. Read more »

Attock Petroleum posts 21 percent decline in after tax profit

KARACHI: Attock Petroleum Limited has posted 21 percent decline in its after tax profit to Rs1.22 billion for the quarter ended September 30, 2019 as compared with Rs1.54 billion in the corresponding... Read more »

SECP registration reaches to 105,407 companies

ISLAMABAD: The total number of registered companies with Securities and Exchange Commission of Pakistan (SECP) has topped at 105,407 with addition of 1,392 new companies in September 2019, according to a statement... Read more »

PIA sustains loss of Rs106.57 million due to wastage of meals

KARACHI: The administration of Pakistan International Airlines (PIA) has wasted meals of around Rs106.57 million during to poor planning and negligence, revealed by Audit General of Pakistan (AGP) in its report. Read more »

PSX suspends trading of two insurance companies

KARACHI: Pakistan Stock Exchange (PSX) has suspended trading of two insurance companies for violating regulations and stopping commercial activities. Read more »

K-Electric awards contract to set up 900MW power plant

KARACHI: K-Electric – power generation, transmission and distribution company – has awarded a contract to establish 900MW power plant with estimated cost of around $425 million, an announcement said on Thursday. Read more »

Hascol Petroleum gets license for lube oil blending plant operation

KARACHI: The Oil and Gas Regulatory Authority (OGRA) has granted license to Hascol Lubricants (Private) Limited to start commercial operations of the lube oil blending plant located at Port Qasim Authority, company... Read more »

PIA’s empty flights cause Rs184 million losses

KARACHI: The Auditor General of Pakistan (AGP) has detected Rs184 million losses due mismanagement by Pakistan International Airlines (PIA) for carrying empty flights. Read more »

SECP board approves amendments to exchange traded fund regulations

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved amendments to Exchange Traded Funds Regulations and other regulations at its policy board meeting which met in Islamabad under the chairmanship... Read more »

SECP makes tax return filing compliance certificate mandatory for companies

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has made mandatory for companies to submit certificate of income tax returns. Read more »

Hub Power declares Rs8.036 billion annual profit, 6.17pc lower than previous year

KARACHI: Hub Power Company Limited (HUBCO) has declared net annual profit of Rs8.036 billion for the period ended June 30, 2019, which is 6.17 percent lower than the profit of Rs8.565 billion... Read more »