SHC angered over delay in payment of salary, pension dues
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Zulfiqar Ahmed Khan took strong exception to in-ordinate delay in payment of salary…
ICICI Bank acquires minority stake in Pranurja Solutions Limited
SINGAPORE: the ICICI Bank has entered into an agreement along with PTC India Limited and BSE Limited to acquire 9.9% stake in Pranurja Solutions Limited against a cash consideration of…
Indus Motor posts 12% decline in profits
KARACHI: Indus Motor Company Limited’s (IMC) profit slid around 12 percent year-on-year to Rs10.2 billion in the nine months period ended on March 31, 2019, translating into EPS of Rs130.50.Indus…
OGDCL’s profit up 50 percent to Rs85 billion
KARACHI: Oil and Gas Development Company Limited (OGDCL) recorded a 50 percent year-on-year increase in its profit to Rs85.3 billion for the nine months period ended on March 31, 2019,…
Large quantity of contraband and counterfeit goods destroyed
KARACHI: the Customs authorities destroyed large quantity of contraband and counterfeit products seized by Anti-smuggling Organization (ASO) of MCC Preventive and Directorate of Intellectual Property Rights (IPR) Enforcement.MCC Preventive held…
Pakistan’s equities remain volatile over economic concerns
KARACHI: Pakistan Stock Exchange (PSX) witnessed a mixed trend during the week. The sentiment amongst investors remained suppressed amid concerns over the IMF Program, Budget FY20 and macro-economic challenges since…