Business
HBL’s Q120 consolidated profit surges By 29pc to Rs 4.1bln
Karachi, April 22, 2020: HBL today declared a consolidated profit after tax of Rs 4.1 billion for the first quarter of 2020, a growth of 29 percent over the same period last year. Earnings per share increased to Rs 2.79 compared to Rs 2.08 in Q1’2019. Along with the results, the Board declared a dividend…
MCB bank reports exceptional growth of 28pc in PAT
Karachi, April 22, 2020: The Board of Directors of MCB Bank Limited (MCB) met under the Chairmanship of Mian Mohammad Mansha, on April 22, 2020 to review the performance of the Bank and approve the condensed interim financial statements for the first quarter ended March 31, 2020. The Bank has declared first interim cash dividend…
SITE industrialists criticized Sindh Govt policies
Appeal to convert strict lockdown into smart lockdown Not acceptable discrimination against resumption of industries & local traders of Karachi: Motiwala, Chawla Karachi, April 22, 2020: President SITE Association of Industry, Mr. Suleman Chawla called an emergent meeting to discuss the issues pertaining to the industrialists in current situation. Meeting was attended by large number…
Stock slightly up as oil crisis damaging investor’s sentiment
Karachi, April 22, 2020: Tumbling international crude prices, especially that of Brent (traded below US$ 16/bbl briefly), caused the damage to investor sentiment Wednesday. Pre-open session saw oil & gas (E&P and OMC) stocks with heavy volumes on offer. Market opened on a negative note and saw a loss of 529 points during the session….
FBATI strongly requests Federal govt. to permanently withdraw ISPA
Karachi, April 22, 2020: Federal B Area Association of Trade & Industry (FBATI) strongly requests the Federal Government to permanently withdraw Industrial Support Package Adjustment (ISPA) arrears and provide relief to the industries, a statement said on Wednesday. Mr. Abdullah Abid, President and Mr. Masroor Alvi chairman sub-committee FBATI, reiterated that while K-Electric had deferred…