Karachi, Pakistan – In a financial disclosure submitted to the Pakistan Stock Exchange (PSX) on Thursday, Meezan Bank Limited has announced a remarkable 42 percent increase in profit after tax for the fiscal year ending December 31, 2018.
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HUBCO declares 26pc fall in half year profit
KARACHI – Hub Power Company Limited (HUBCO) has announced a significant 26.6 percent decrease in profit after tax for the half-year ended December 31, 2018, according to the financial results submitted to the Pakistan Stock Exchange (PSX) on Thursday.
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Mari Petroleum board approves acquisition of two new exploration blocks
The Board of Directors (BoD) of Mari Petroleum Company Limited (MPCL) has given its approval for the acquisition of two new exploration blocks, as announced in a statement issued by the company on Wednesday.
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United Bank registers 39 percent decline in annual profit
United Bank Limited (UBL) has revealed a substantial decline of 39.53 percent in its annual profit for the year ended December 31, 2018, attributing the decrease to significant provisioning, write-offs, and pension liabilities.
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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.
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International Steel announces 20 percent decline in profit
KARACHI: International Steel Limited (ISL) has disclosed a 20 percent decrease in profit after tax for the first half of the fiscal year ending on December 31, 2018.
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PSO declares 50% decline in net profit for first half
KARACHI: Pakistan State Oil (PSO), the state-run oil company, has announced a 50 percent decline in net profit for the half-year period ending on December 31, 2018, as revealed in the financial results submitted to the Pakistan Stock Exchange (PSX) on Monday.
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Allied Bank expects interest rate increase by 2% in CY19
KARACHI – Allied Bank Limited (ABL) is gearing up for a potential 2% increase in interest rates during the calendar year 2019, according to insights gleaned from a recent conference call.
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PTCL converting exposures in local currency after Rs323 million exchange loss
KARACHI — Pakistan Telecommunication Company Limited (PTCL) has announced a strategic shift in its approach towards currency exposure, opting to convert its exposures into Pak Rupee instead of the US dollar.
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PTCL customers to get discount on Careem rides
KARACHI – Pakistan Telecommunication Company Limited (PTCL) has entered into a collaborative agreement with Careem, one of the leading ride-hailing platforms in Pakistan.
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