Business
SBP ask banks to stop dividend disbursement
Karachi, April 22, 2020: Amid the growing concerns of COVID – 19 pandemic, State Bank of Pakistan (SBP) has, thus far, announced a number of regulatory relief measures for the financial sector and real economy. These measures are primarily aimed at ensuring the safety and soundness of banking sector while enhancing their lending capacity to support the economic activities in…
Getz Pharma plant shutdown for COVID-19 screening of employees and their families
Karachi, April 22, 2020: Getz Pharma is proud to announce that it is the first and only organization in Pakistan to have taken the initiative of testing each and every employee for Covid-19, and to close its factory and head office in Karachi, completely, till every employee has been tested. “Getz Pharma Cares for your…
Cement sales up 14pc in March 2020
Karachi, April 22, 2020: Cement industry clocked in sales of 3.7 million tons during Mar’20 against 4.3 million tons SPLY, down 14 percent YoY. However, for 9MFY20 dispatches were up by 7 percent YoY. The 9MFY20 increase in numbers is attributable to double digit growth of 25 percent in exports, along with local dispatches posting…
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…