Business
PSX index closed on a positive note
Karachi, February 17, 2020: Market witnessed dull activity today barely trading 100 million shares, even lower than 118 million shares observed on Friday. E&P, Fertilizer, Cement and OMCs bore selling pressure, and even Banking sector (barring HBL) faced selling pressure. News related to HBL’s irregularities in New York branch caused panic amongst investors, however, HBL…
Byco posts 1HYF of Rs. 213mln, despite a challenging environment
Byco Petroleum Pakistan Ltd. earned a net profit of Rs 213 million in its half-year ended December 2019, up 139% from Rs 89 million a year earlier The business environment remains challenging due to the economic slowdown and weak demand for refined products, particularly HSFO Karachi, February 17, 2020: Byco Petroleum Pakistan Ltd. (BPPL), announced…
Meezan Bank announces Financial Results for Year 2019
Karachi, February 14, 2020: The Board of Directors of Meezan Bank Limited in its meeting, held at Karachi on February 12, 2020 approved the audited unconsolidated financial statements of the Bank and its consolidated financial statements for the year ended on December 31, 2019. The meeting was presided by Mr. Riyadh S.A. A. Edrees –…
Soneri Bank announces Year End Results for 2019
Karachi, February 14, 2020: The Board of Directors of Soneri Bank Limited, in their 175th meeting held in Lahore on 13th February 2020, approved the Bank’s financial statements for the year ended 31 December 2019. The Bank posted profit before tax (PBT) of Rs. 3,247 million and profit after tax (PAT) of Rs. 1,906 million…
Roman Yazbeck appointed Philip Morris (Pakistan) limited MD
Karachi, February 13, 2020: Philip Morris (Pakistan) Limited announced the appointment of Roman Yazbeck as its Managing Director. Since joining PMI in 1996, Roman has built an impressive career defined by progress and passion across functions and continents. He has served in a wide range of positions within Philip Morris International including Controller, Director Finance…