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Tag: 2020

Petro Division directed to take action against OMCs involved in June 2020 crisis

Petro Division directed to take action against OMCs involved in June 2020 crisis

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

World Business News

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

E-banking volume grows 24pc in Oct-Dec FY21: SBP

E-banking volume grows 24pc in Oct-Dec FY21: SBP

Philip Morris Pakistan posts Rs1.76bn profit for 2020

Philip Morris Pakistan posts Rs1.76bn profit for 2020

Oman to cut income tax on SMEs, offer investors long-term residency

World Business News

Oman to cut income tax on SMEs, offer investors long-term residency

Bank of Khyber posts Rs2.15bn profit for 2020

Bank of Khyber posts Rs2.15bn profit for 2020

Trade deficit widens to $17.3bn in eight months

Trade deficit widens to $17.3bn in eight months

Agha Steel posts 1.05bn profit for July-Dec FY21

Agha Steel posts 1.05bn profit for July-Dec FY21

CAA extends travel restrictions for visitors to Pakistan till March 14

CAA extends travel restrictions for visitors to Pakistan till March 14

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

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

Indus Motor declares Rs4.8bn profit for 1HFY21

Indus Motor declares Rs4.8bn profit for 1HFY21

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

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

NBP earnings reach Rs30.58bn with 84pc yearly growth

NBP earnings reach Rs30.58bn with 84pc yearly growth

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

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

Meezan Bank posts Rs22.1bn profit for 2020

Meezan Bank posts Rs22.1bn profit for 2020

Current account records $229m deficit in January: SBP

Current account records $229m deficit in January: SBP

Foreign investment drops 12pc to $192m in January

Foreign investment drops 12pc to $192m in January

Bank of Punjab posts Rs12bn profit before tax for 2020

Bank of Punjab posts Rs12bn profit before tax for 2020

Soneri Bank records 25.9pc jump in profit

Soneri Bank records 25.9pc jump in profit

Large-scale manufacturing expands 11.4pc in December

Large-scale manufacturing expands 11.4pc in December

Tractor production up 50pc in seven months

Tractor production up 50pc in seven months

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

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

FrieslandCampina Engro posts Rs177m profit for 2020

FrieslandCampina Engro posts Rs177m profit for 2020

US trade deficit jumps to 12-year high in 2020

World Business News

US trade deficit jumps to 12-year high in 2020

Exports jump 8pc to $2.14bn in January

Exports jump 8pc to $2.14bn in January

Bank AL Habib's profit rises 59pc to Rs17.8bn in 2020

Bank AL Habib's profit rises 59pc to Rs17.8bn in 2020

IMF lifts global growth forecast for 2021, still sees 'exceptional uncertainty'

World Business News

IMF lifts global growth forecast for 2021, still sees 'exceptional uncertainty'

Urea offtake down 35pc, DAP sales up 6pc YoY in December

Urea offtake down 35pc, DAP sales up 6pc YoY in December

Transparency International to release Corruption Perceptions Index on 28th

Transparency International to release Corruption Perceptions Index on 28th

Packages Ltd awards $1.5m media account to Brainchild Communications Pakistan

Packages Ltd awards $1.5m media account to Brainchild Communications Pakistan

Mobile phone imports surge 52pc to $938m in July-Dec FY21

Mobile phone imports surge 52pc to $938m in July-Dec FY21

Food exports decline 7.64pc, imports surge 52pc in 1HFY21

Food exports decline 7.64pc, imports surge 52pc in 1HFY21

Cement exports drop 8.6pc YoY in December

Cement exports drop 8.6pc YoY in December

Telecom sector contributions to national exchequer rise 129pc in 2020: report

Telecom sector contributions to national exchequer rise 129pc in 2020: report

Registration of real estate, construction companies up 32pc in 2020

Registration of real estate, construction companies up 32pc in 2020

Big industry expands 14.5pc in November 2020

Big industry expands 14.5pc in November 2020

NEPRA notifies Rs1.06 per unit hike in power tariff

NEPRA notifies Rs1.06 per unit hike in power tariff

Car sales up 20pc YoY in December

Car sales up 20pc YoY in December

Punjab govt approves five development schemes worth Rs4.6bn

Punjab govt approves five development schemes worth Rs4.6bn

Majority of people affected by Covid-19 have resumed work in Pakistan

Majority of people affected by Covid-19 have resumed work in Pakistan

Exports of India, Bangladesh show negative growth as compared to Pakistan: PM

Exports of India, Bangladesh show negative growth as compared to Pakistan: PM

SBP reserves rise $261m to $13.4bn

SBP reserves rise $261m to $13.4bn

USC posts Rs100bn turnover for 2020

USC posts Rs100bn turnover for 2020

CPPA recommends Rs1.52 per unit hike in power tariff

CPPA recommends Rs1.52 per unit hike in power tariff

MoC finally submits five-year textile policy to ECC for approval

MoC finally submits five-year textile policy to ECC for approval

Pakistan gets foreign loans worth $4.5bn in five months

Pakistan gets foreign loans worth $4.5bn in five months

SECP registers 1,956 new companies in November

SECP registers 1,956 new companies in November

Inquiry commission recommends action against petroleum secretary, others

Inquiry commission recommends action against petroleum secretary, others

NEPRA approves Rs1.11 per unit hike in power tariff

NEPRA approves Rs1.11 per unit hike in power tariff

Cement desptaches up 4.19pc YoY in November

Cement desptaches up 4.19pc YoY in November

SBP sees significant growth in online transactions during July-Sept quarter

SBP sees significant growth in online transactions during July-Sept quarter

Exports in November rise 7.2pc to $2.15bn

Exports in November rise 7.2pc to $2.15bn

Five-year textile policy likely to be unveiled this week

Five-year textile policy likely to be unveiled this week

Silkbank declares operating profit of Rs3.4bn for 9M2020

Silkbank declares operating profit of Rs3.4bn for 9M2020

K-Electric profit slips in July-Sept quarter

K-Electric profit slips in July-Sept quarter

LPG price hiked to Rs132 per kg

LPG price hiked to Rs132 per kg

IT minister launches Rolling Spectrum Strategy 2020-23

IT minister launches Rolling Spectrum Strategy 2020-23

Non-performing loans are the least of banks' concern, or are they?

Non-performing loans are the least of banks' concern, or are they?

Pakistan improves compliance with WTO's Trade Facilitation Agreement

Pakistan improves compliance with WTO's Trade Facilitation Agreement

Cabinet ratifies amended Petroleum Act to curb illegal sale of POL products

Cabinet ratifies amended Petroleum Act to curb illegal sale of POL products

Textile exports rise 6pc YoY to $1.3bn in October

Textile exports rise 6pc YoY to $1.3bn in October

NA committee passes CPEC Authority (Amendment) Bill 2020

NA committee passes CPEC Authority (Amendment) Bill 2020

India in technical recession for first time in history: RBI

India in technical recession for first time in history: RBI

Big industry expands 7.65pc in September

Big industry expands 7.65pc in September

October remittances grow 14pc to $2.3bn

October remittances grow 14pc to $2.3bn

OGRA finally determines RLNG prices for Aug-Nov 2020

OGRA finally determines RLNG prices for Aug-Nov 2020

Banking sector assets expand 7.8pc in 1H2020: SBP

Banking sector assets expand 7.8pc in 1H2020: SBP

Car sales rise 25pc YoY in October

Car sales rise 25pc YoY in October

NA committee questions legality of 'headless' CPEC Authority

NA committee questions legality of 'headless' CPEC Authority

NBP employees' benefits increase Rs2.57bn in a year

NBP employees' benefits increase Rs2.57bn in a year

Cement sector continues to shine as despatches hit record 5.73m tonnes in Oct

Cement sector continues to shine as despatches hit record 5.73m tonnes in Oct

PRA's revenue rises 24pc YoY to Rs9.4bn in October

PRA's revenue rises 24pc YoY to Rs9.4bn in October

K-Electric posts Rs2.96bn loss for FY20

K-Electric posts Rs2.96bn loss for FY20

Business sentiment in Pakistan rebounds to pre-Covid levels: D&B

Business sentiment in Pakistan rebounds to pre-Covid levels: D&B

Pioneer Cement posts Rs40m loss for 1QFY21

Pioneer Cement posts Rs40m loss for 1QFY21

9M2020: BOP reports before tax profit of Rs10bn

9M2020: BOP reports before tax profit of Rs10bn

NEPRA likely to approve Rs1.36 per unit hike in power tariff

NEPRA likely to approve Rs1.36 per unit hike in power tariff

Shell Pakistan posts Rs1.8bn profit for Q3 2020

Shell Pakistan posts Rs1.8bn profit for Q3 2020

Soneri Bank's nine-month profit rises 49.5pc to Rs1.81bn

Soneri Bank's nine-month profit rises 49.5pc to Rs1.81bn

1QFY21: Nishat Mills' profit up 2.5pc to Rs946m

1QFY21: Nishat Mills' profit up 2.5pc to Rs946m

NBP's 3Q profit surges 110pc to Rs11bn

NBP's 3Q profit surges 110pc to Rs11bn

Pakistan Post directed to stop opening new savings accounts

Pakistan Post directed to stop opening new savings accounts

Nestlé Pakistan posts Rs88.7bn revenue for 9M2020

Nestlé Pakistan posts Rs88.7bn revenue for 9M2020

New measures after Covid-19 to disrupt 85 million jobs globally: WEF

New measures after Covid-19 to disrupt 85 million jobs globally: WEF

CPPA seeks Rs1.36 per unit hike in power price

CPPA seeks Rs1.36 per unit hike in power price

Bank Alfalah posts Rs8.3bn profit for 9M2020

Bank Alfalah posts Rs8.3bn profit for 9M2020

ECC forms eight-member committee to evaluate wheat support price

ECC forms eight-member committee to evaluate wheat support price

Foreign Direct Investment plunges 51pc YoY in Sept

Foreign Direct Investment plunges 51pc YoY in Sept

HBL 9M2020 profit surges to Rs25.3bn, a threefold increase over same period year ago

HBL 9M2020 profit surges to Rs25.3bn, a threefold increase over same period year ago

AHL's first-quarter profit surges 497pc to Rs739m

AHL's first-quarter profit surges 497pc to Rs739m