PSO reports Rs6.5bn loss for FY20
'Unprecedented losses of Rs16.4bn incurred during the 4th quarter of FY20 eroded the net profit of Rs3bn earned by the company during the first three quarters'
BankIslami’s half-yearly profit rises 53.7pc to Rs941m
KARACHI:Â The Board of Directors of BankIslami on Monday released its financial report for the half-year ended June 30, 2020,Â
According to the financials,...
MCB aims for deposits to grow 12pc this year
Bank also expects fee income to rise, but net interest margin to fall
1HCY20: Standard Chartered Pakistan reports 26pc increase in profit before tax
KARACHI: The Board of directors of Standard Chartered Bank (Pakistan) Limited met on Tuesday to discuss the bank’s performance and announce its financial...
Shell Pakistan posts Rs3.54bn loss for 2nd quarter of 2020
The Board of Directors of Shell Pakistan Limited (SPL) met on Friday to discuss the company’s performance and announce its financial results...
MCB profit rises 24pc to Rs13.2bn in half-year 2020
LAHORE: The Board of Directors of MCB Bank Ltd (MCB) met on Thursday to review the bank's performance and announce its financial...
BOK reports Rs1.2bn profit for half-year 2020
PESHAWAR: The Board of Directors of the Bank of Khyber (BOK) recently held its 162nd meeting, wherein it was announced that the...
PBA encourages banks to finance housing sector despite ‘unresolved issues’
KARACHI: Pakistan Banks Association (PBA), a business lobbying group, has given its support for housing and construction finance by banks, according to...
Lenovo sails past expectations with 31pc first-quarter profit jump
HONG KONG: Lenovo Group, the world’s biggest PC maker, smashed expectations with a 31pc leap in first-quarter net profit, as the coronavirus...
K-Electric raises Rs25bn in Sukuk offering
With oversubscription of IPO portion of Sukuk by almost 2.5 times, the power utility was able to close the subscription two weeks ahead of schedule
Indus Motor’s profit plunges 63pc in FY20
INDU's after-tax profit falls from Rs13.71bn in FY19 to Rs5.08bn in FY20Â
Exxon posts second straight quarterly loss on demand, price plunge
HOUSTON: Exxon Mobil Corp on Friday reported a $1.1 billion second-quarter loss on sharply lower energy demand and prices from the COVID-19...
ACCA urges govt to avoid ‘poor-value’ privatisations, encourage use of public sector balance sheets
LAHORE: The Association of Chartered Certified Accountants (ACCA) Pakistan has asked the government to avoid ‘poor-value’ privatisations which provide immediate cash but...
Govt obtained $10.6b in foreign loans in FY2019-20, including $3.373b commercial borrowings
ISLAMABAD: The government has obtained $10.6 billion foreign loans from multilateral and bilateral creditors during the financial year 2019-20. Out of this...
ECC decision on housing finance to be approved by Cabinet today
ISLAMABAD: The federal cabinet, scheduled to meet today (Tuesday) with Prime Minister Imran Khan will endorse the Economic Coordination Committee’s (ECC) decision...