Pakistan’s private equity potential

Profit explains what private equity is, and talks to some of the major stakeholders about the future

Saudi Aramco’s debt-to-equity ratio more than doubles in 2020

DUBAI: Saudi Arabian oil giant Aramco’s net debt-to-equity ratio more than doubled to 55pc in 2020 from 26pc a year earlier, the...

Philip Morris Pakistan posts Rs1.76bn profit for 2020

Philip Morris (Pakistan) Limited has announced a profit after tax of Rs1,765 million for the year ended 31st December 2020 as compared...

Agha Steel posts 1.05bn profit for July-Dec FY21

Agha Steel Industries on Monday announced its financial results for the half year ended on 31st December 2020. The company announced a cumulative...

PPL’s half-year profit rises 7pc to Rs26bn

The consolidated profit of Pakistan Petroleum Limited (PPL) increased almost 7pc to Rs26.10 billion in the half-year period ended December 31, 2020,...

K-Electric reports half-year profit of Rs6.8bn

The Board of Directors of K-Electric Ltd (KE) recently approved the company's financial results for the half-year ended December 31, 2020. KE has...

OGDC’s profit falls 20.5pc to Rs42.2bn in 1HFY21

KARACHI: Net profit of the Oil and Gas Development Company Limited (OGDC) declined 20.5pc YoY to Rs42.2 billion during the first half (July-Dec)...

Byco Petroleum’s net profit jumps to Rs961m in 1HFY21

The Board of Directors of Byco Petroleum Pakistan Ltd (BYCO) on Tuesday announced the company’s financial results for the six months ended...

MCB Bank posts highest ever profit before tax of Rs48.25bn, 200pc cash dividend for 2020

The Board of Directors of MCB Bank Limited (MCB) met under the chairmanship of Mian Mohammad Mansha on Wednesday to review the...

FrieslandCampina Engro posts Rs177m profit for 2020

FrieslandCampina Engro Pakistan Limited (FCEPL) on Tuesday announced its financial results for the year ending 31st Dec 2020. "The business continued its strong...

FFC posts Rs20.8bn profit for 2020

NEWS DESK: Fauji Fertilizer Company (FFC) has announced its financial results for the year ended 31th December 2020, with a net profitably...

Integry raises $1 million pre-seed

The news comes just as the software integration market has heated up due to COVID-19.

G7 finance officials back need to regulate digital currencies

WASHINGTON/BERLIN: Finance ministers and central bankers from the Group of Seven (G7) advanced economies strongly supported the need to regulate digital currencies,...

China’s Tencent profit surges 89pc as it rides gaming boom

HONG KONG: Chinese gaming and social media giant Tencent Holdings Ltd reported an 89pc rise in quarterly profit on Thursday, with its...

K-Electric posts Rs2.96bn loss for FY20

The Board of Directors of K-Electric Limited recently approved the company's financial results for the year ended June 30, 2020. As per the...