Business
K-Electric successfully closes PKR 25bln Sukuk
Karachi, August 10, 2020: K-Electric (KE) is pleased to announce the successful closure of its PKR 25 billion Sukuk which is the largest Sukuk issue in the private sector of Pakistan. With oversubscription of IPO portion of Sukuk by almost 2.5 times, the power utility was able to close the Sukuk subscription on 3rd August…
IMC declares profit after tax of PKR 5.1 billion for FY2019-20
Karachi, August 10, 2020: The Board of Directors of Indus Motor Company Ltd. (IMC) met on August 10, 2020 to review the company’s financial and operating performance for the year ended June 30, 2020. The net sales turnover for the year ended, June 30,2020 decreased by 46 percent to Rs.86 billion as compared to Rs.158…
PIA offers 14pc discount on domestic routes
Karachi, August 06, 2020: Pakistan International Airlines (PIACL) announces its Jashne Azadi offer to its customers. In order to celebrate the 73rd Independence Day, PIA is offering a 14 percent discount on flights operating on its primary domestic routes between Islamabad, Karachi and Lahore. This offer is valid from 07 August till 14 August 2020….
Tax harmonisation issue likely to be resolved within Q1 of FY20-21: FS Punjab
Business & tax experts examine Punjab’s Budget 20-21, share future-focused recommendations Karachi, August 06, 2020: Leading representatives from the business community, professional bodies and government sat together at a high-level virtual post-budget seminar themed ‘Economic Impact, Harmonisation and Future Orientation’ to examine the Punjab’s provincial Budget 2020-21 and identified economic opportunities and shared forward-thinking recommendations….
Meezan Bank has successfully launched electronic subscription to IPOs
Karachi August 05, 2020: Meezan Bank, Pakistan’s first and largest Islamic bank has successfully launched electronic subscription to IPOs (Initial Public Offerings) for its corporate customers via CDC’s (Central Depository Company) newly launched Master TREC Module in Centralized eIPO System (CES). Using Master TREC in CES, Meezan Bank will allow registered Master TREC Holders (Brokerage…