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Category: Business

Engro Polymer and Chemical substances’ Income Triple in 2017

Engro Polymer and Chemical substances Restricted’s (EPCL) consolidated revenue elevated three-fold to Rs. 2.05 billion, up by 211.09% for the yr ending on December 31 2017, as in comparison with a revenue of Rs. 659.93 million within the earlier yr. This revenue is primarily resulting from elevated gross sales. Board of administrators beneficial a closing money […]

Market Again within the Inexperienced After four Days of Downward Developments

After four consecutive days of a bearish run, the market lastly returned again within the inexperienced with the start of a brand new month. At shut, Pakistan Inventory Alternate’s (PSX) benchmark KSE 100-share Index recorded a acquire of 206.43 factors, or zero.47%, to finish at 44,255.48 factors. The benchmark opened larger to hit a day’s […]

SBP Asks Banks To Guarantee Agri Credit score Goal of Rs. 1 Trillion in FY18

The State Financial institution of Pakistan (SBP) has directed banks to be sure that their respective targets, together with trade goal of agriculture disbursement of Rs. 1 trillion, is achieved in monetary 12 months 2017-18. “I’d urge the Presidents and CEOs of all banks to arrange agricultural credit score committees comprising of all group heads […]

Excessive-Danger Buyers Have Pushed Pakistan Shares to the Greatest Begin in Decade: Bloomberg

A current report posted by Bloomberg said that ‘Excessive-Danger Hunters’ have pushed Pakistan’s Shares to the “High Begin of the Decade”. The report said that overseas traders are snapping up Pakistani equities once more. World funds have purchased $91 million of the nation’s shares in January – set for the most important month-to-month influx in […]

JP Morgan’s Muhammad Aurangzeb Appointed as CEO of Habib Financial institution

Habib Financial institution Restricted (HBL) has made an appointment of Muhammad Aurangzeb as President and CEO of the financial institution.Muhammad Aurangzeb is a revered and seasoned banker with greater than 30 years of various expertise in main world banks from Pakistan and different international locations. He’s presently the CEO of World Company Financial institution, Asia […]

Mega Conglomerate to Purchase Majority Stake in Dewan Cement

Mega Conglomerate (Pvt) Restricted is about to amass a large 87.5 p.c share holding of Dewan Cement via their advisor BMA Capital, together with the administration management of Dewan Cement Restricted. MCPL intends to amass 363.085 million shares or 75 p.c of the issued share capital via agreements with the sponsors of Dewan Cement, whereas […]

FBR Begins Investigating Plazas and Flats to Discover Tax Evaders

Federal Board of Income (FBR) has began conducting floor surveys in a bid to extend the tax base of Pakistan. The initiative by FBR is available in after Prime Minister Shahid Khaqan issued directives of doing one thing efficient to extend the tax base. FBR’s Newest Transfer FBR has began mapping the plazas and high-rise […]

Dost Steels to Begin Trial Productoin from February

Dost Steels Restricted introduced that it could be beginning trial productions from 1st of February. “DCL shall begin its trial Manufacturing from 1st February 2018 and topic to the passable completion of those trials, it’s anticipated that the business operations shall begin from 1st March 2018”, learn the notification. Nonetheless, DCL cautioned “Begin of economic manufacturing […]

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