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 »

Meezan Bank’s total assets cross Rs1 trillion

KARACHI: The total assets of Meezan Bank has crossed Rs 1 trillion mark by June 30, 2019, a statement said on Thursday. Read more »

NBP declares 11.12pc decline in after tax profit to Rs11.1 billion

KARACHI: National Bank of Pakistan (NBP) on Wednesday declared decline in net profit by 11.12 percent to Rs11.1 billion for the first half ended June 30, 2019. Read more »

Tax measures, rupee depreciation adversely hit auto industry

KARACHI: The revenue measures taken by the government in the budget 2019/2020 and massive depreciation in Pak Rupee value have been major challenges for the auto industry as these factors have already... Read more »

Crescent Star plans to bring Hollywood’s iconic Fatburger into Pakistan

KARACHI: Crescent Star Foods (Pvt) Limited has announced plans to bring Hollywood’s iconic Fatburger into Pakistan. Read more »