Business News Pakistan

Business News Pakistan Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Business News Pakistan, Business service, Karachi.

12/09/2012

The after tax profit of DG Khan Cement has increased to Rs. 4,108.118 million in the year ended June 30, 2012 (FY12) as compared to Rs. 170.961 million earned in FY11. The company’s earning per share increased to Rs. 9.38 in the period under review against Re 0.46 in the same period last year.

12/09/2012

Branchless banking has witnessed an impressive growth during the fourth quarter (April-June 2012) as the number of mobile banking accounts touched 1.45 million mark, depicting a remarkable growth of 37 percent. According to SBP’s ‘Branchless Banking Newsletter’, issued on Tuesday, the accounts’ activity level has also improved considerably during the quarter under review as the number of active accounts increased by 66 percent. Over 28 million transactions worth Rs.115.3 billion were processed during the April-June quarter. The number and value of transactions grew rapidly during April-June quarter by 12 percent and 36 percent, respectively. The growth in value of transactions is almost 3 times more than the growth in number of transactions. The overall average size of transaction rose from Rs 3,367 to Rs 4,065 during the quarter under review.

12/09/2012

Overseas Pakistani workers remitted an amount of $ 2.464 billion in the first two months (July – August) of the current fiscal year FY13, showing a growth of 2.36 percent or $ 56.91 million when compared with $ 2.407 billion received during the same period of last fiscal year (July- August 2011).

The inflow of remittances in July- August, 2012 from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman), and EU countries amounted to $ 657.78 million, $ 505.80 million, $ 446.61 million, $ 334.06 million, $ 274.09 million and $ 63.57 million respectively as compared with the inflow of $ 601.62 million, $ 552.11 million, $ 458.45 million, $ 282.45 million, $ 250.76 million and $ 74.97 million respectively in July- August 2011. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during the first two months of current fiscal year (July-August FY13) amounted to $ 181.78 million as against $ 186.42 million received in the first two months of last fiscal year (July-August FY12).

12/09/2012

A 24-member delegation of Tehran Chambers of Commerce Industries, Mines & Agriculture, led by Yahya Al Eshagh visited Punjab Board of Investment and Trade (PBIT) here Wednesday. The Iranian delegates represent varied sectors including agriculture, food, light engineering textile manufacturing, energy, automobiles, leather, petrochemicals and general traders.

04/09/2012

Chief Executive Officer of Pakistan Stone Development Company (PASDEC) Ihsanullah Khan said that by the efforts of All Pakistan Marble Industries Association (APMIA) and PASDEC the marble export quantum is increasing at 35 per cent annually. He hoped that $ 500 million export target will be achieved in near future. Pakistan is blessed with huge reserves of natural stone like marble and granite in multiple colors, shades and veinages,

04/09/2012

The Bank of Khyber (BoK) earned Rs. 705 million profit before tax for the period ended June 30, 2012, stated by Bilal Mustafa, Managing Director BoK

04/09/2012

The management of Karachi Stock Exchange has decided that the trading in the shares of National Asset Leasing Corporation Limited will remain suspended for a further period of 60 days with effect from September 04, 2012. According to a KSE notice issued here on Monday, the National Asset Leasing Corporation Limited has not so far removed the cause of suspension of trading in the shares.

31/08/2012

State Bank of Pakistan (SBP) said it would buy government paper from commercial banks on Friday in seven-day reverse repo to inject funds into the money market.

29/08/2012

ICI Pakistan Ltd has posted a lower profit after tax of Rs 462.231 million for the 2nd half ending June 30, 2012 over last year and declared an interim dividend at Rs 3.50 per share. According to ICI here Wednesday, the earnings per share for the half year also dropped to Rs 5 compared to Rs 5.45 per share in the same period last year.

29/08/2012

Kot Addu Power Company (KAPCO) has posted a lower profit after tax of Rs 6.071 billion for the year ending June 30, 2012 and announced a final cash dividend of Rs 3.15 per share.

29/08/2012

The profit before taxation of Askari Bank Limited has increased by 48 percent to Rs 1,576.014 million in the half year period ended June 30, 2012 as compared to Rs 1,066.317 million in the same period in 2011. The bank’s profit after taxation has registered an increase of 56 percent to Rs 1,098.765 million in the period under review against Rs 703.578 million in the same period last year.

29/08/2012

tate Bank of Pakistan (SBP) has reminded the general public to exchange old design and bigger size banknote of Rs500 from the field offices of SBP Banking Services Corporation (SBP BSC) and over 10,000 branches of banks throughout the country till the close of banking hours on October 01, 2012. The SBP/SBP BSC will neither exchange nor be liable to pay any value of such banknote to any person or a bank after the above mentioned deadline.

Address

Karachi
74700

Telephone

+923222442307

Website

Alerts

Be the first to know and let us send you an email when Business News Pakistan posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category