KARACHI, October 30, 2019: The State Bank of Pakistan (SBP) has incurred net loss of Rs 1.043 billion (consolidated) in the FY 19 as compared to a profit of Rs 175.673 billion in the FY18. According to Annual Performance Review of SBP for the year FY19, the decline is primarily attributed to exchange loss of…
Karachi, October 29, 2019: The Indus Motor Company’s net sales turnover for the 1st quarter ended September 30, 2019, decreased by 41% to 20.7 billion as compared to Rs. 34.9 billion, for the same period last year, while profit after tax decreased by 62 percent to Rs. 1.32 billion as against Rs. 3.51 billion achieved…
Karachi, October 22, 2019: The Board of Directors of Shell Pakistan Limited announced the third quarter results for the company on 22nd October. The company posted a profit after tax of PKR 570 million for the quarter ended September 30, 2019 compared to the profit of PKR 334 million made in the same period last…
Karachi, September 13, 2019: Overseas Pakistani workers remitted US$ 1,690.9 million in August 2019 as compared with US$ 2039.3 million received during July 2019. This showed a decline of US$ of 348.4 million on a month-on-month basis, reflecting the usual one-off post Eid-ul-Azha effect. On workers’ remittances stood at US$ 3,730.2 million during Jul-Aug FY20…
Karachi, August 28, 2019: Meezan Bank Limited (MBL) announced Profit After Tax (PAT) of Rs4.1 billion in second quarter of this calendar year (2Q2019). The earning per share of the bank was Rs3.2, up 88 percent year on year on the back of increase in net spread earned; up by 77 percent YoY. The bank…