Karachi, April 24, 2019: All City Traders Union led by President Hamad Poonawala, met the leading industrialist, Aqil Karim Dhahdi in his home. Regarding the Economy, the emerging situation of the country and the discussion was made on the actions taken by the government and the problems the public faced in the current situation. Hammad…
Karachi, April 24, 2019: United Bank Limited (UBL) reported earnings of Rs3.94/share in the first quarter of this year (1QCY19), up by 73 YoY. Analysts at Topline said that results are better than expectations primarily due to lower than anticipated operating expenses and provisioning. The bank’s profit after tax reported at Rs 4.829 billion in the…
Karachi, April 24, 2019: Habib Bank Ltd (HBL) consolidated profit after tax declined by 33 percent to Rs3.06 billion during the first quarter of this calendar year (1QCY19) due to the imposition of super tax. The bank management claimed that the imposition of Super Tax on 2017 earnings results in massive decline the bank’s profit after…
Islamabad, April 24, 2019: Adviser to Prime Minister on Commerce, Textile, Industry & Production and Investment Abdul Razak Dawood said on Wednesday that the country’s imports have reduced up to $3.5 billion during this fiscal year. Responding to a question here in National Assembly, the Adviser to Prime Minister said that duty has been increased…
Islamabad, April 23, 2019: The Executive Board of the International Monetary Fund (IMF) has approved the fund’s administrative and capital budgets for financial year (FY) 2020, beginning on May 1, 2019. According to IMF press statement received here Tuesday, the board had approved the budget on April 5, 2019, besides taking note of indicative budgets…