Indus Motor Declares Rs 4.8 Bn Profit After Tax for First Half FY20-21

Karachi, February 26, 2021: The Board of Directors of Indus Motor Company (IMC) released its financial results for the half-year ended December 31, 2020. IMC’s combined sales of Completely Knocked Down (CKD) and Completely Built-up Units (CBU) units increased by 82 percent to 26,362 units against 14,453 units sold in the same period last year. The Company…

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Memorandum of Understanding signed between Al-Khidmat Foundation Pakistan and Punjab Bait-ul-Mal

Rawalpindi, February 26, 2021: A Memorandum of Understanding (MoU) was signed between Al-Khidmat Foundation Pakistan and Punjab Bait-ul-Mal regarding cooperation in welfare works. In this regard, a grand ceremony was held at Al-Khidmat Complex. Senior Naib Khidmat Foundation Pakistan President Syed Ehsanullah Waqas and Chairman Bait-ul-Mal Punjab Malik Azam signed the agreement. Secretary General Al-Khidmat…

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KSE-100 closed decrease on 83pts

  Karachi, February 26, 2021: Market traded in a narrow range today, oscillating between -213 points and +274 points, closing the session by -83 points (unadjusted). FATF’s decision to maintain status quo for Pakistan till June 2021 saw a lukewarm welcome from Investors. Profit booking was witnessed almost across the board, including Technology, Cement and Textile…

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