Cement sector posts huge losses in third quarter
LAHORE: Four cement companies Attock Cement, DG Khan Cement, Fauji Cement and Kohat Cement have announced their third quarter (3Q) results so...
Intel forecasts second-quarter quarter revenue above estimates
Intel Corp forecast current-quarter revenue above analysts’ estimates on Thursday, as lockdown orders globally fueled demand for its data center chips that...
Rs69bn disbursed among 5.75m deserving families: Dr Sania
ISLAMABAD:Â Special Assistant to the Prime Minister on Social Protection and Poverty Alleviation Dr Sania Nishtar on Thursday said that Rs69 billion have...
Pakistan could save billions if payments to IPPs be made in Pak rupee: report
ISLAMABAD: The change in few terms and conditions of the agreements signed with the Independent Power Producers (IPPs) in the past may...
Foreigners withdraw $59m from T-bills
KARACHI: It was too good to last. After weeks of divestment, foreign investors bought $191 million worth of treasury bills (T-bills) on...
UBL profit increases 21pc to Rs4.9bn
KARACHI: The Board of Directors of United Bank Ltd (UBL) met on Thursday to review the bank’s performance and announce its financial statements...
Pak Suzuki declares Rs941m loss for 1Q2020
LAHORE: The Board of Directors of Pak Suzuki Motor Company Limited (PSMC) met on Thursday to review the company's performance and announce...
SBP raises Rs76bn from Sukuk auction
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs76.38 billion through auction of the five-year Government of...
Soneri Bank posts Rs407m profit for 1Q2020
The Board of Directors of Soneri Bank Limited, in its 176th meeting held in Lahore, approved the bank’s condensed interim financial statements...
Govt allows export of textile masks: Dawood
ISLAMABAD: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood has said the federal government has allowed the export...
Govt likely to roll out incentives for telecom sector’s uplift
ISLAMABAD: In an effort to facilitate cellular mobile operators (CMOs) amid COVID-19 outbreak, the federal government is likely to announce an 'incentive...
Non-textile sector to start receiving Rs828m refunds from Friday: minister
ISLAMABAD: Prime Minister’s Adviser on Commerce and Investment Abdul Razak Dawood on Thursday announced that Drawback of Local Taxes and Levies (DLTL)...
Govt urged to approach shipping lines for demurrage waiver like India
LAHORE: The business community has appealed the government to approach international shipping lines and ask them to waive the detention cost (demurrage)...
Construction industry: Engineering bodies reject CIDB establishment
LAHORE: The engineering bodies of Pakistan on Thursday rejected the suggestion of setting up the Construction Industry Development Board (CIDB) 2020, which...
Bank AL Habib reports 38pc increase in profit
The Board of Directors of Bank AL Habib Limited has announced the bank’s financial results for the three months period ended March...