Karachi, October 26, 2019: The Board of Directors of Meezan Bank Limited, in its meeting, held on October 24, 2019 approved the condensed interim unconsolidated financial statements of the Bank and its consolidated financial statements for the nine months period ended September 30, 2019. The Bank posted after tax profit of Rs. 10.94 billion for the…
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…
Abu Dhabi, October 18, 2019: The Board of Directors of Bank Alfalah Limited in its meeting held on October 18, 2019, in Abu Dhabi, approved the Bank’s unaudited interim financial statements for the period ended September 30, 2019. The Bank’s pre-tax profits grew by 16 percent from a year ago, amidst challenging operating environment. The…
Karachi, September 24, 2019: Byco Petroleum Pakistan Ltd. gross turnover increased by 17 percent from the previous year to Rs. 251 billion following an increase in oil prices and Rupee’s devaluation. Pakistan’s economic growth slowed considerably to nine-year lows of 3.3% in the previous fiscal year. The oil sector witnessed a 22% decline in consumption….
Karachi, September 18, 2019: In line with expectations, profit booking was witnessed in Wednesday trading session, making an intraday low of -400 points to close 353 points down at 31,555 level. Today’s major contribution to the index came from PPL (-3.2 percent), LUCK (-3.6 percent), POL (-3.6 percent), OGDC (-1.2 percent) and HBL (-0.7 percent)….