Allied Bank posts meager growth in profits
KARACHI: Allied Bank Limited (ABL) has declared a final cash dividend of Rs2.0/share for the year ended December 31, 2018, as the company’s earnings per share (EPS) inched up 2.3…
Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Allied Bank Limited (ABL) has declared a final cash dividend of Rs2.0/share for the year ended December 31, 2018, as the company’s earnings per share (EPS) inched up 2.3…
KARCHI: Assets Under Management (AUMs) for the Open End Mutual Fund Industry increased by 4.6 percent to Rs 569 billion as at January 2019, driven by growth in equity funds…
KARACHI: Emirates has marked 20 years of successful operations in Lahore and Islamabad, two of Pakistan’s most populous cities, a statement said. The award-winning airline has recorded solid year-on-year growth…
LAHORE: Pakistan’s trade deficit plunged by 9.66 per cent to $19.26 billion during the first seven months of the current fiscal, as compared to the same period last year. Data…
KARACHI: Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its financial results for the year ended December 31, 2018, at its Board of…
KARACHI: The Economic Coordination Committee (ECC) has assigned Ministry of Industries and Production to take measures for recovery of cotton cess from textile mills so as to give impetus to…
Karachi: Over the years, CDC has dedicated its services in designing and executing innovative solutions to aid the process of digitization and further contribute to the transformation of the Pakistan…
KARACHI: The national Clearing Company of Pakistan (NCCPL) has further delayed the implementation of KYC information System (KIS) due to revision in Know Your Customer Organization (CKO) regime. It may…
KARACHI: Overseas Pakistani workers remitted $12.77 billion in the first seven months of FY19 (July-January 2018-19) as compared with $11.383 billion received during the same period in the preceding year.…
KARACHI: Pakistan’s locally assenbled automobile sales during July-January 2018-19 (7MFY19) declined 3.0% to 143K units. “Despite supportive measures by the govt in recent economic reform package (Jan-19), we continue to…
ISLAMABAD: In January, the SECP registered 1,317 new companies. As compared to the corresponding month of last financial year, it represents a growth of 9 percent, raising the number of…
Karachi: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) appointed the Chief Financial Officer (CFO) and Company Secretary of Pak-Qatar Takaful Group (PQTG), Muhammad Kamran Saleem, as Convener…
KARACHI: Pakistan Post is on the road to restore and regain its lost glory as premium Federal Public Service Organization by taking progressive initiatives such as E-Commerce to meet the…
KARACHI: The foreign currency buying selling rates as on February 09, 2019 as issued by Forex Association of Pakistan. US Dollar (Inter-bank) – Buying at Rs138.65 and Selling at Rs138.75.…
KARACHI: Emphasizing the development of shipping and fishing industry, former Commander Pakistan Fleet Rear Admiral Retd. Arifullah Hussaini said that in order to increase exports and promote tourism, the unexplored…
Islamabad: Karandaaz Pakistan is pleased to announce the appointment of Dr. Shamshad Akhtar as its new Chairperson, Board of Directors. Dr. Shamshad Akhtar replaces Dr. Ishrat Husain, who served as…
KARACHI: With the growing prevalence of technologically advanced solutions in banking industry, BankIslami breaks through the industry with OneTouch Banking, a complete Biometric solution which enables you to carry out…
KARACHI: After five consecutive bullish weeks, Pakistan Stock Exchange (PSX) benchmark KSE-100 Index closed 0.55 percent down at 40,887 points for the week ended February 8, 2019, as investors resorted…
KARACHI: President Karachi Chamber of Commerce and Industry (KCCI) Junaid Esmail Makda, while expressing dismay over the abrupt shutdown of gas supply to industries situated in various industrial zones in…
ISLAMABAD: Zong 4G has announced a partnership with Huawei to integrate artificial intelligence and big data to enable seamless connectivity and digitally enhanced solutions for its customers, a statement said.…