Karachi, October 28, 2020: The Board of Directors of Indus Motor Company (IMC) released its financial results for the first quarter ended September 30, 2020. The Company’s combined sales of Complete Knocked Down (CKD) and Complete Built-up (CBU) units for the quarter increased by 73 percent to 11,809 units against 6,839 units sold in the…
Karachi, October 28, 2020: RapidCompute, Pakistan’s largest local cloud service provider, announced the formal launch of its Cloud Services designed especially for the Banking Sector and Financial Institutions. The company has established dedicated datacenters for banking operations with the highest level of security and compliance checks, keeping in mind all legal and policy requirements by…
Karachi, October 28, 2020: The Covid-19 pandemic has accelerated banks’ journey towards becoming truly digital, but lack of infrastructure development and regulatory hurdles may hinder second wave of the technological advancement in the financial sector in Pakistan. There is a threat the country may lose momentum towards sustaining the growth achieved in the remote banking…
Karachi, October 28, 2020: The Board of Directors of K-Electric Limited in its meeting held on October 27, 2020, approved the Company’s financial results for the year ended June 30, 2020. In the results issued to the PSX, KE declared a loss of PKR 2.96 billion in glaring contrast to a profit of PKR 17.274…
Karachi, October 27, 2020: On a consolidated basis, Lucky Cement Limited reported net profit after tax of PKR 5.13 billion of which PKR 0.78 billion is attributable to non-controlling interests for the first quarter ended September 30, 2020. This translates into earnings per share (EPS) of PKR 13.45 / share as compared to PKR 3.93…