Business
MCB exceptional growth of 24 pc in Q1
Karachi, April 24, 2019: MCB Bank reports exceptional growth of 24 percent in Profit Before Tax, Announces the highest quarterly dividend of Rs. 4/share for the banking industry The Board of Directors of MCB Bank Limited met under the Chairmanship of Mian Mohammad Mansha, on April 24, 2019, to review the performance of the Bank…
City Traders Alliance meets Leading industry of delegation Aqil Karim
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…
UBL’s Earnings per share surge to Rs 3.9 in Q1
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…
HBL posts Rs 3.06 bln profit in Q1
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…
Imports declined to $3.5 bln: advisor
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…