Karachi: According to the annual results of Askari Bank Limited (AKBL) announced yesterday, the company has shown an outstanding performance during the year CY11 where it posted a profit of PKR 1.63 billion (EPS: PKR 2.30) against PKR 0.94 billion (EPS: PKR 1.34) last year, showing a massive increase of …

Karachi: D.G. Khan Cement Company has successfully registered with the United Nations Framework Convention on Climate Change (UNFCCC) for which it would be able to earn Carbon Emission Reduction (CER) Credits. According to Alfalah Securities Limited, DGKC has been able to reduce carbon emissions through its Waste Heat Reduction (WHR) …

Karachi: Pakistan’s trade deficit has mounted to USD13.17 billion during the 7MFY12 period (July-Jan FY12) against USD 9.42 billion in the corresponding period last year, witnessing a massive rise of 39.81%YoY. According to Alfalah Securities Limited, this substantial increase in trade deficit is attributable to rapidly rising imports against lesser …

Karachi: Sui-Northern Gas Pipelines Limited (SNGPL) has sought a hike of PKR 13.16 per mmbtu, while Sui-Southern Gas Company (SSGC) has sought an increase of PKR 8.87 per mmbtu in gas prices for consumers for FY13 from OGRA (Oil and Gas Regulatory Authority) due to a surge in weighted average …

Karachi: The round 2 of Bank Al Habib’s Rashid D. Habib Golf Tournament at Karachi Golf Club Karsaz witnessed top golfers of Pakistan struggling with their expertise and supported by luck for achieving the top position in the tournament. The weather continued to be windy and chilly during the morning. …

Islamabad: Federal Minister for Production, Ch. Anwar Ali Cheema, while chairing a meeting of the Board of Directors of Pakistan Industrial Development Corporation (PIDC), has stated that the Ministry of Production is all set to promote and develop the industrial sector of the country along with putting special focus on …

Islamabad: After exhaustive consultation with NBFIs and Modaraba Association of Pakistan, the Registrar, Modarabas, Securities and Exchange Commission of Pakistan issued Shariah compliance and Shariah audit mechanism (SCSAM) for modarabas. The Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980, provides that no modaraba shall be a business, which is …