Business
KE shows strong Operational & Financial Performance during Q2
Karachi, February 25th, 2021: The Board of Directors of K-Electric Limited (KE) in its meeting held on February 25, 2021, at the Bin Qasim Power Complex, Karachi, approved the Company’s financial results for the half year ended, December 31, 2020. KE has reported a net profit after tax amounting to PKR 6.872 billion for the…
UBL announced Financial report for CY20
Karachi, February 25, 2021: UBL announced its CY20 financial result on Feb-25th, wherein the bank recorded a PAT of PKR 20,789 million as compared to PKR 19,048 million in CY19, up by 9 percent YoY. EPS was clocked in at PKR 17.12. Bank also dividend of PKR 9/share, taking the cumulative dividend PKR 12 for…
Gul Ahmed Textile announced unconsolidated earnings of Rs1.2 bln for 2QFY21
Karachi, February 25, 2021:Â Gul Ahmed Textile (GATM) announced unconsolidated earnings of Rs1.2 billion (EPS: Rs2.73) for 2QFY21, up 66 percent YoY due to increase in revenues by 32 percent YoY and other income by 12x YoY. Earnings in 1HFY21 is also up by 65 percent YoY to Rs1.8 billion (EPS: Rs4.13). Alongside results, the company…
Banking Mohtasib provides relief amounting Rs 598mn Banking Customers during 2020
Karachi, February 25, 2021: The Banking Mohtasib Pakistan Office disposed of 21,360 complaints out of 25,528 in its hands during the calendrer year 2020. Banking Mohtasib Pakistan, Mr. Muhammad Kamran Shehzad has said that by disposing of these complaints, the BMP Office has provided relief amounting to Rs.598 million to the complainants/ banking customers. Giving…
Call to make local bodies financially independent
Karachi, February 25, 2021: Noted economist Dr. Kaiser Bengali has underlined the need for devolution of powers in its true spirit and financial powers be devolved from federation to provinces and from provinces to local governments and adequate resources be provided to the local bodies. He was speaking at a stakeholders’ dialogue on “Towards a…