Business
MCB Bank posts highest ever Profit Before Tax of Rs. 48.25 Billion & 200% cash dividend for the year 2020
Lahore: February 10, 2021: The Board of Directors of MCB Bank Limited (MCB) met under the Chairmanship of Mian Mohammad Mansha, on February 10, 2021 to review the performance of the Bank and approve the financial statements for the year ended December 31, 2020. The Board of Directors has declared final cash dividend of Rs. 15.0…
Govt urged to abolish duty, taxes on cotton yarn import
Karachi, February 09, 2021: “The Government, through Presidential Ordinance, must abolish all duties and taxes and allow duty free import of Cotton yarn which is the raw material of value-added textile sector in order to sustain and achieve milestone in enhancement of exports. Government should also place ban on export of cotton yarn of 30…
(NBP) goes live deploys Rapid-7 (TEM) with Mutex Systems Pvt Ltd.
Karachi, February 8, 2021: In view of the on-going COVID-19 related global emergencies and the increasing pace of digitalization, the notions of ‘ proactive risk management’ and ‘attack kill chain’ have become increasingly pertinent & critical. An agile enterprise IT is exposed to cyber risk, adversarial attacks and similar exposures resulting from the dynamic nature…
KSE100 index close at increase of points
Karachi, February 08, 2021:Market saw selling pressure at the beginning of the week, which was also observed in the last trading session when Index crossed 47K level. Profit booking was observed across the board, especially in Banks, E&P, Cement and Fertilizer sectors that kept any increase in index in check. The Index swayed positively by…
Viable payment mechanism to IPPs will save Rs. 836 billion
Islamabad: February 08, 2021:Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet today. Federal Minister for Planning, Development and Special Initiatives Asad Umar, Federal Minister for Energy Omar Ayub Khan, Adviser to the PM on Institutional Reforms and Austerity Dr. Ishrat Hussain,…