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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Allied Bank declares Rs12.88 billion PAT for year 2018
Karachi – Allied Bank Limited, one of Pakistan’s leading financial institutions, announced a profit after tax of Rs12.88 billion for the year 2018, reflecting a commendable 1.15 percent increase compared to the preceding year’s profit of Rs12.733 billion.
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Arif Usmani appointed NBP President, CEO
Karachi – The federal government has officially appointed Arif Usmani as the President and Chief Executive Officer (CEO) of the National Bank of Pakistan (NBP), according to an official note received by the Pakistan Stock Exchange (PSX) on Wednesday.
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CDC launches electronic voting service for companies
The Central Depository Company (CDC) of Pakistan has taken a significant leap towards modernizing shareholder engagement with the launch of an electronic voting service.
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Registration of companies crosses 95,000: SECP
ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has said that total registration of corporate registration has crossed over 95,000 units following 1,317 new registrations in January 2019.
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Car sales decline 3.2 percent in July – January
KARACHI: The car sales have declined by 3.2 percent during first seven months of current fiscal year despite higher prices owing to depreciation of rupee value.
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Engro Foods’ after tax annual profit falls by 83pc
KARACHI – Engro Foods Limited, a prominent player in the Pakistani dairy industry, has announced an 83% decline in net profit for the fiscal year 2018, according to financial statements submitted to the Pakistan Stock Exchange (PSX) on Friday.
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