Business
Standard Chartered Pakistan announces results for the period ended 30 September 2019
Karachi, October 29, 2019: Standard Chartered Bank (Pakistan) Limited today announced its results for the nine months period ended 30 September 2019. A strong performance by the Bank led to a growth of 56per cent in profit before tax to PKR 19.8 billion. Overall revenue growth was 41per cent, whereas client revenue increased by 32per…
DGKC announced 1QFY20 results, with loss after tax of Rs1.44bn
Karachi, October 28, 2019: D.G. Khan Cement Company Limited (DGKC) today announced 1QFY20 results, with loss after tax of Rs1.44bn (LPS: Rs3.26), against profit after tax of Rs418 million (EPS: Rs0.95) in 1QFY19. Net Sales increased by 11 percent YoY, which was due to higher dispatches from Hub plant. Company posted gross loss of Rs538…
PSMC announced its financial result for 3QCY19
Karachi, October 28, 2019: Pak Suzuki Motor Company Limited (PSMC) announced its 3QCY19 financial result today where the company declared a loss after tax of PKR 1,161 million (LPS: PKR 14.11), compared to a profit after tax of PKR 95 million (EPS: PKR 1.15) in 3QCY18 and a loss of PKR 545 million (LPS: PKR…
Meezan Bank announces Rs. 10.94 bln after tax profit for 3Q 2019
Karachi, October 26, 2019: The Board of Directors of Meezan Bank Limited, in its meeting, held on October 24, 2019 approved the condensed interim unconsolidated financial statements of the Bank and its consolidated financial statements for the nine months period ended September 30, 2019. The Bank posted after tax profit of Rs. 10.94 billion for the…
SBP facilitates overseas Pakistanis for biometric verification of their bank accounts
Karachi, October 24, 2019: Realizing difficulties being faced by overseas Pakistan in operating their bank accounts due to non-biometric verification of their accounts, State Bank of Pakistan has issued detailed instructions on the alternate arrangement to facilitate their biometric verification. It may be mentioned here that as per alternate arrangement, overseas Pakistanis may approach their…