Karachi, August 28, 2019: The Board of Directors of BankIslami Pakistan Limited has approved the Bank’s financial results for the half year ended June 30, 2019 in their meeting held in Karachi on August 27, 2019. During half year ended June 30, 2019, the Bank generated operating profit before provisions to the tune of Rs….
New York, August 28, 2019: Prime Minister Imran Khan is expected next month to highlight the “gravity of the situation” in Indian Occupied Kashmir where India’s crackdown has created a serious crisis, Pakistan Ambassador to the United States, Asad Majeed Khan, has said. Read More: Pakistan calls for boosting UN observer mission in Kashmir amid…
United Nations, August 28, 2019: Pakistan has proposed the strengthening of the United Nations Military Observer Mission in India and Pakistan (UNMOGIP), which monitors the Line of Control (LoC) in Kashmir, as New Delhi’s illegal annexation of the disputed state has heightened tensions between the two South Asian neighbours, according to informed sources. The request…
Karachi, August 27, 2019: Indus Motor Company Limited (IMC) posted 16 percent YoY decline in its 4QFY19 earnings, reporting EPS of Rs43.9 which is above our expectations mainly due to lower effective tax rate charged in 4QFY19. Company has also declared DPS of Rs27.50/share in addition to DPS of PKR87.50/share already paid during the year,…
Karachi, August 27, 2019: The Government has reported 4QFY19 fiscal deficit of 3.9 percent of GDP, taking full-year FY19 deficit to 8.9 percent of GDP or Rs3.4 trillion vs. 6.6 percent or Rs2.2 trillion in FY18 which is a record high. Previous high deficit was seen in FY12 at 8.8 percent. The numbers are different…