Business
Ministry of Energy visits Byco’s refinery
Karachi, August 8, 2019: The Petroleum Division Secretary, Ministry of Energy, Mian Asad Hayaud Din, visited Byco’s refinery and Single Point Mooring today. He was briefed on Byco’s operations and received an in-depth briefing on the operations of its floating port, the Single Point Mooring. The Secretary was received by Byco’s Vice President of Operations, Rashid…
PCDMA retiarated to continue efforts to resolve double taxation issue of CIIRM
ABOLISH THE DISCRIMINATION IN TAXES BETWEEN COMMERCIAL IMPORTERS AND INDUSTRIAL IMPORTERS, SHAHID WASEEM. Karachi, August 8, 2019: PCDMA Chairman Shahid Vaseem has reiterated to continue his efforts to resolve the problems faced by Commercial Importers of Industrial Raw material (CRM) and try to make minimum level of taxes imposed by Government to make export compatible….
Stock declines 723 points
Karachi, August 7, 2019: Pakistan Stock Exchange was remained negative on Wednesday. Index closed at day’s low at -771 points (unadjusted), which was caused by a host of factors including weak economy, confrontation between Pakistan & India on Kashmir issue and poor results. Redemption at mutual funds kept the flow of selling across the board….
MCB Bank earning per share up by 14pc in 2QCY19
MCB Bank continues strong fiscal performance with 14pc growth in Profit before tax for the six months ended June 30, 2019 – Maintains industry’s highest quarterly payout of Rs. 4/share. Lahore, August 7, 2019: The Board of Directors of MCB Bank Limited met under the Chairmanship of Mian Mohammad Mansha, on August 07, 2019 to…
Jazz sees intensified revenue growth of 20.5pc
Karachi, August 7, 2019: Jazz, Pakistan’s leading digital communications company, has announced its financial results for the second quarter of 2019. The company has recorded unprecedented total revenue growth of 20.5 percent year on year. In addition to an aggressive digital growth focus from the leadership, several factors have contributed to this solid growth. Jazz’s service revenue increase has been…