lahore - Fertilizer sector starts CY13 with bumper surge in the profitability in comparison with the corresponding period last year. This took place due to better availability of gas for ENGRO along with the efficiency from diversion of gas to EnVen. Besides, less curtailment on SSGC network for ...

DUBAI (PR): The Emirates Group has announced it 25th consecutive year of profit and company-wide growth ending the year in a strong position despite continuing high fuel prices and a weak global economic environment. The financial year also ended with some ...

SINGAPORE - Oil turned lower in Asian trade Thursday as dealers took profits after gains earlier in the week, analysts said. A surprise rise in German industrial production had brightened the market's outlook for European and global growth, causing prices to rise in morning trade. New York's main ...

london - Global oil prices fell on Tuesday as dealers took profits after a recent rally on robust US jobs data and rising tensions in the Middle East, analysts said.Brent North Sea crude for delivery in June dropped 28 cents to $105.18 a barrel in London midday deals. New York’s main ...

LONDON - Asia-focused bank HSBC said on Tuesday that first-quarter net profits more than doubled to $6.35 billion (4.86 billion euros), aided by sliding bad debts, deep cost cutting and a solid performance in Britain and Hong Kong.Earnings after taxation surged 146 percent in the three months to ...

karachi - The market opened on a positive and rallied by more than 200 points in anticipation that elections would bring positive news for economy. However, later on profit-taking was witnessed and market ended almost flat.At local equity market, the benchmark KSE 100-share index added 30.07 points ...

KARACHI (PR): The Board of Management of Pakistan State Oil (PSO) reviewed the company’s performance for the first nine months of FY13 from July, 2012 to March, 2013. The meeting was chaired by Ahsan Bashir and members in attendance were Dr. Mirza Ikhtiar Baig. Mohammad Naeem Malik, Mr. Malik ...

KARACHI (PR): NIB Bank announced financial results for the Q1 2013. Importantly, the Bank has posted a Q1 2013 revenue of Rs 1.42 billion, representing not only a 21pc growth over Q1 2012 but an impressive revenue growth in the last five quarters. This translated into a record profit before tax of ...

LAHORE  : Samsung Electronics Co Ltd announced revenues of 52.87 trillion won on a consolidated basis for the first quarter ended March 31, 2013, a 6pc decrease from the previous quarter. Consolidated operating profit for the quarter reached 8.78 trillion won, representing a 1-percent decline ...

DUBAI (Reuters): Saudi Arabia's Kingdom Holding , the investment firm of billionaire Prince Alwaleed bin Talal, posted a 9.2 percent increase in its first-quarter net profit, it said in a bourse statement on Sunday.The firm made a net profit of 110.1 million riyals ($29.4 million) during the three ...

KARACHI (PR): The Board of Directors of ICI Pakistan Limited has announced the financial results for the quarter ended March 31, 2013.  Higher volumes in the Polyester and Soda Ash businesses resulted in net sales income of PKR 9.3 billion which was 13% higher than same period last year. The ...

LAHORE : The HBL has announced 1Q2013 unconsolidated Profit After Tax of Rs4.6 billion as against Rs5.6 billion in 1Q2012, down 19 per cent.  Experts said that decline in earnings comes from 1) 8 per cent decline in net-interest income (NII) and 2) lower reversal on value of investment. Though ...

LAHORE : DG Khan Cement Company (DGKC) announced its 9MFY13 result, booking profits of Rs4.2bn (EPS of Rs9.68) versus Rs2.1bn (EPS of Rs4.73) in 9MFY12 – an increase of 105 per cent YoY. The result is slightly below our expectations (EPS of Rs9.91) mainly due to higher than expected cost of ...

KARACHI - Stocks closed bearish amid institutional profit-taking in stocks across the board after SBP maintained status quo in policy statement on Friday due to dismal economic data. At local equity market benchmark KSE-100 share index shed by 189.78 points or 1.01 percent to end the day at ...

KARACHI - Stocks closed bearish amid institutional profit-taking in blue chip stocks across the board on uncertainty after SECP chair appointment was termed illegal and invalid by Supreme Court.At local equity market, benchmark KSE 100-share index shed 50.27 points or 0.27 percent to conclude the ...

LAHORE – Dubai Islamic Bank Pakistan Limited has reported a year end profit before tax of Rs501 million. Furthermore, a 38 per cent deposit growth was achieved in comparison to 2011, taking total deposits to Rs53.11 billion in 2012. The BoD of Bank held a meeting to approve its financial ...

Lahore (PR) – The annual financial statements of Soneri Bank Limited for the year ended 31 December 2012 were approved by the shareholders of the Bank in its 21st AGM. The meeting was chaired by Alauddin Feerasta, Chairman of the Bank.Bank declared Rs.1, 104.19 million after tax profit for ...

RIYADH - Saudi Arabia's Riyad Bank posted a 5.5 percent rise in its first-quarter profits on Sunday, beating analysts' forecasts.The kingdom's third-largest listed bank by market value said in a bourse statement that it made 951 million riyals ($254 million) in the three months ended March 31, ...

KARACHI - Irfan Siddiqui, President & CEO of Meezan Bank said the Bank’s performance remained outstanding in all areas of its business activities. The 17th Annual General Meeting (AGM) of Meezan Bank Limited was held at its Head Office.He informed the shareholders that the Bank recorded a ...

KARACHI - The MCB Bank has reported profit before tax of Rs 32.054 billion and profit after tax of Rs 20.941 billion with an increase of 2pc and 8pc, respectively. Net markup income of the bank was reported at Rs 40.856 billion whereas non-markup income came to Rs. 9.153 billion. Non-markup income ...

KARACHI - Cautious investors preferred to book profit amid fear of law and order situation over the weekend. Investors’ interest remained confined towards mid cap stocks as FCCL and MLCF alone contributed 37pc of volume. Although number of shares traded remained high at 251 million shares but ...

ISLAMABAD - The government has reduced profit rates on National Savings Schemes (NSS) for the investment made on or after August 27 in a response to the recent cut in discount rate by SBP..Officials have informed that government had earlier planned to reduce the profit rates on National Savings ...

KARACHI - The Karachi stock exchange closed lower amid profit-taking ahead of corporate earning announcements due next week.   At local stock market KSE-100 share index shed 22.69 points or 0.16 percent to stop the days trading at 14,178.10 points as compared to the 14,200.79 points of ...

KARACHI –   The Board of Directors of Dubai Islamic Bank Pakistan Limited recently held a meeting to approve its financial statements for the year ended December 31, 2011. DIBPL is a subsidiary of Duai Islamic Bank UAE, the world’s first Islamic Bank, says a press release. The ...

Karachi – Standard CharteredBank (Pakistan), Limited has announced record profits and income for the year 2011.The Bank’s Profit (before tax)have grown by 52 per cent to PKR 8.4 billion in 2011, with earnings per share up at Rs 1.41 per share from PKR 0.93 per share in 2010. Revenue ...

Popular opinion maintains that the oldest surviving forms of compensated labour are prostitution and assassination. Common sense provides a sufficient explanation: human affairs are governed by incentives and it’s extremely difficult to imagine motivations deeper or stronger than jealousy, ...

LAHORE - During 1HFY12, the listed exploring sector posted an earnings growth of 28pc to Rs69b as against Rs54 billion in the same period last year. The improved profitability is on the back of better pricing scenario along with higher other income. Amongst the individual companies, OGDC led the ...

LAHORE – SALMAN ABDUHU - Gross profit of the Indus Motor Company Limited has reached Rs2.47 billion as against the gross profit of Rs1.40 billion in 1HFY11, showing a gigantic augment of 77 percent annually. The company has also announced an interim cash dividend of Rs8/share along with its ...

KARACHI - Pakistan Telecommunications Company Limited (PTCL) has gained net profit of Rs 2.84 billion in its half-year earnings made during FY2011-12 for the period ending December 31, while also showing a growth of 7% in revenue.PTCL’s profits and revenue growth during first half of ...

KARACHI- MCB Bank has announced gross profit of Rs 31.483 billion.The Board of Directors met under the chairmanship of Mian Mohammad Mansha, on Tuesday to review the annual performance of the Bank and approve the financial statements for the year ended December 31, 2011.Financial year 2011 proved ...