Lucky Cement records consolidated earnings of PKR 5.13 billion for the first quarter ended September 30, 2020

Karachi: On a consolidated basis, Lucky Cement Limited reported net profit after tax of PKR 5.13 billion of which PKR 0.78 billion is attributable to non-controlling interests for the first quarter ended September 30, 2020. This translates into earnings per share (EPS) of PKR 13.45 / share as compared to… Continue reading

PAK-QATAR TAKAFUL GROUP HOLDS WEBINAR ON UNDERSTANDING TAKAFUL PRODUCTS

Karachi: Pak-Qatar Takaful Group in collaboration with IBA-CEIF (Centre for Excellence in Islamic Finance) recently held a webinar on Understanding Takaful Products by the company Chairman, Shariah Advisory Board, Mufti Muhammad Hassaan Kaleem and CEO Pak-Qatar Family Takaful, Azeem I. Pirani were key speakers for the webinar. Mufti Hassaan Kaleem… Continue reading

PPL AGM approves 10 percent cash dividend

Karachi: The 69th Annual General Meeting of Pakistan Petroleum Limited (PPL) was held on October 26 at Pearl Continental Hotel, Karachi. Members approved financial statements for the fiscal year ended June 30, 2020 together with the auditor’s report. Final cash dividend of 10 percent on ordinary and convertible preference shares… Continue reading

SECP registered 2,365 new companies in September

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 2,365 new companies in September 2020, indicating an increase of 69 % as compared to corresponding period last year. Out of these newly registered, 68 percent companies were registered as private limited companies, 29% were registered as single member companies… Continue reading

A new chapter in China-Pakistan friendship: Pakistan officially enters the subway era with the launch of Orange Line Metro Train

Lahore: The Orange Line Metro Train’s historic inauguration ceremony was held on October 25, 2020 in Lahore, which was graced by the Chief Minister of Punjab Mr. Sardar Usman Buzdar, Consul General of the Consulate General of China Mr. Long Dingbin and Minister of Punjab for Transport Mr. Jahanzeb Khan… Continue reading

Press Release

Government’s lack of priority and attention to increase cotton yield to support the entire value added textile chain is highly shocking and deplorable. Pakistan is an agriculture country but no concrete steps and measures along with productive policy have been witnessed from the successive governments during last several decades to… Continue reading

PASPIDA concerned over Customs authorities unusual move to hold bearing consignments

KARACHI: Acting Secretary of Pakistan Automobile Spare Parts Importers & Dealers Association (PASPIDA) Muhammad Shaheen, while referring to several complaints received from PASPIDA members, said that Customs Authorities at Karachi Port have unusually held bearing consignments and were unnecessarily lingering customs procedures which was resulting in causing heavy demurrages, detention,… Continue reading