Cement exports increase sharply by 52 percent in eight months

KARACHI: Pakistan’s cement exports registered unprecedented growth of 52 percent during first eight months (July – February) of fiscal year 2018/2019 mainly on the back of rupee depreciation and focus on low... Read more »

PSO receives Rs60 billion from power companies

KARACHI: Pakistan State Oil (PSO) has said it received Rs60 billion as partial settlement of receivable from power sector companies. Read more »

Philip Morris decides closing factory in Kotri

KARACHI: Philip Morris (Pakistan) Limited, an American multinational cigarette and tobacco manufacturing company, has decided to close down its factory located in Kotri. Read more »

Murree Brewery declares profit amid liquor ban in Sindh

KARACHI: Murree Brewery Company Limited has declared 4.6 percent increase in net profit despite ban on liquor sale in Sindh, according to half- year financial results for period ended December 31, 2018... Read more »

Byco Petroleum declares 96pc decline in half-year profit

KARACHI: The net profit of Byco Petroleum Pakistan Ltd. fell sharply by 96 percent for the first half ending December 31, 2018 due to depreciation in Pak Rupee value and weak upliftment... Read more »

Indus Motors declares fall in half-year profit on high cost of sales

KARACHI: Indus Motors Company Limited has declared 6.13 percent decline in half yearly net profit owing to significant rise in cost of sales for the period. Read more »

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 »