Business
Bank Alfalah records profit after tax of PKR 2.821 bln
Karachi, April 28, 2020: The Board of Directors of Bank Alfalah Limited in its meeting held on April 26, 2020, approved the Bank’s unaudited condensed interim financial statements for the quarter ended Mar 31, 2020. The Bank’s pre-tax profit and post-tax profit stood at Rs. 4.757 billion and Rs. 2.821 billion respectively, translating into an…
PSX index closed on a decline of 492pts
Karachi, April 27, 2020: Market opened on a negative today at -198 points and 1.6 million shares traded at the opening bell. In few minutes, the benchmark index hit -450 points and gradually picked pace to realize a loss of 675 points during the entire session. Cement sector largely took the bantering, mainly due to…
Fauji Fertilizer announced financial result of 1Q2020
Karachi, April 27, 2020: Fauji Fertilizer (FFC) announced its 1Q2020 financial result today, where the company booked a consolidated profit of Rs4,286 million (EPS: Rs3.37) compared to Rs1,875 million (EPS: Rs1.47) in 1Q2020. Alongside result, the company announced cash dividend of Rs2.5/share. Read More: Millat Tractors Limited announced financial result of 3QFY20 Revenue of the…
Millat Tractors Limited announced financial result of 3QFY20
Karachi, April 27, 2020: Millat Tractors Limited (MTL) announced earnings of Rs553 million for 3QFY20 (EPS Rs11.09), down by 42 percent YoY. The decline in earnings is largely due to fall in unit sales by 28 percent YoY and lower Gross Margin (down 1.92 points YoY). Read More: Fauji Fertilizer announced financial result of 1Q2020…
Restaurant industry asks PM for “Relief Package” & tax waiver
Karachi, April 27, 2020: Restaurant owners have appealed to Prime Minister Imran Khan to give a “Relief Package” due to lockdown for prevention of COVID-19 pandemic, as restaurants closure across the country, including Karachi and restaurant industry is facing severe financial crunch. In an Appeal to Prime Minister Imran Khan, convener of the All Pakistan…