Business
Businesses committed to a sustainable future
Karachi, October 28, 2020: To mark the Global Ethics Day 2020, ACCA (the Association of Chartered Certified Accountants) joined forces with CFA Society Pakistan, HBL, ICMA Pakistan, Pakistan Stock Exchange Limited (PSX), and the Pakistan Business Council’s Centre of Excellence in Responsible Business (CERB) for a series of panel discussions engaging country’s top business leaders….
Soneri Bank announces Nine Months Period Ended September 2020
Karachi, October 28, 2020: The Board of Directors of Soneri Bank Limited, in its 181st meeting held in Lahore on 28th October 2020, approved the Bank’s condensed interim financial statements for the nine months period ended 30 September 2020. The Bank posted profit before tax (PBT) of Rs. 3,092.80 million and profit after tax (PAT)…
Pakistan Stock Exchange news: index showing decline of 195pts
Karachi, October 28, 2020: Market traded range bound today between +306 points and -312 points, closing the session in red with -237 points (unadjusted). Investors have lately been discounting the back to back good corporate results on concerns of rising COVID cases as well as end of Earnings season that has regressed the market to…
Indus Motor Company declares financial results for 1Q of FY20-21
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…
Payment delays, COVID-19 push KE into PKR 2.96 bn loss
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…