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 »

KIA launches sportage vehicle in Pakistan

KARACHI: KIA Lucky Motors on Wednesday launched Pakistan’s first all-wheel 2000 CC SUV. KIA Sportage is Pakistan’s first all-wheel drive car with 100,000 km or 4 years warranty. Read more »

MCB Bank declares Rs10.67 billion net profit for first half

KARACHI: MCB Bank has declared Rs10.67 billion net profit for first half (January – June) 2019 as compared with the profit of Rs9.76 billion in the same half of the last year. Read more »

UBL announces 52 percent increase in net profit in first half

KARACHI: United Bank Limited (UBL) has recorded 52 percent growth in its net profit for first half ended June 30, 2019. Read more »

PIA constitutes five-member committee to review fake degree cases

KARACHI: A five-member committee has been constituted by the management of Pakistan International Airlines (PIA) to review, examine and recommend action in the fake degrees cases. Read more »

Pak Suzuki declares huge loss of Rs1.52 billion in first half despite multiple increases in prices

KARACHI: Pak Suzuki Motors (PSMC) has declared massive loss of Rs1.52 billion for the first half ended June 30, 2019 despite multiple increase in prices of vehicles during the period. Read more »

OGDCL announces discovery of oil and gas in Sindh

KARACHI: Oil and Gas Development Company Limited (OGDCL) on Wednesday announced discovery of oil and gas in District Sanghar of Sindh province. Read more »

Hascol, Vitol Dubai enter $42 million financial arrangement

KARACHI: Vitol Dubai Limited (VDL) has agreed to provide financial facility of $42 million to Hascol Petroleum Limited, an announcement said on Monday. Read more »