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...
AIIB approves $250m loan for Pakistan’s Covid-19 economic response
The Asian Infrastructure Investment Bank (AIIB) on Wednesday announced that its Board of Directors have approved a loan of $250 million to...
TPL Trakker to raise Rs1.38bn from IPO
The company will offer 115.7m shares in the IPO at a floor price of Rs12 per share
Covid-19: Telenor posts reduced subscriptions, revenues for 2nd quarter of 2020
Revenues drop from Rs26.2bn in the 2nd quarter of 2019 to Rs24.2bn
Financial intelligence provider Investors Lounge partners with US’s Benzinga to broaden coverage
LAHORE: Pakistan’s financial markets intelligence platform, Investors Lounge, has partnered with Benzinga, a financial media outlet in the United States (US) with...