Business & Finance News

Merit Packaging Limited Reports Fiscal 2024 Results; Loss Widens Despite Revenue Growth

Karachi: Merit Packaging Limited has announced its financial results for the fiscal year ended June 30, 2024. The company's Board of Directors reviewed and approved these results on August 27, 2024, in Karachi.

In the fiscal year 2024, Merit Packagi...

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Reliance Cotton Spinning Mills Announces Merger with Amer Cotton Mills

Karachi: In a significant corporate move, Reliance Cotton Spinning Mills Limited (RCSML) has announced its plan to merge with Amer Cotton Mills (Pvt.) Limited (ACML). The decision was disclosed following a board meeting on August 28, 2024, in accordan...

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Shaheen Insurance Reports Steady Growth, Declines Dividend and Bonus Issues

Karachi: Shaheen Insurance Company Limited has announced its financial results for the half-year ending June 30, 2024, with notable growth in profits but no dividends or bonus shares issued.

The Board of Directors of Shaheen Insurance convened throu...

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Askari Life Assurance Reports Improvement in Financial Outcomes for First Half of 2024

Karachi: Askari Life Assurance Company Limited has released its unaudited financial statements for the first half of 2024, showcasing a reduced loss and improved gross premium revenues, according to a review by the company's directors.

The company r...

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Ghandhara Tyre and Rubber Company Announces Board Meeting and Closed Period

Karachi: M/s. Ghandhara Tyre and Rubber Company Limited has scheduled a Board of Directors meeting to review its annual accounts for the fiscal year ended June 30, 2024.

The meeting is set to take place on September 4, 2024, in Karachi. In connectio...

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Bank Alfalah Announces Credit of Second Interim Cash Dividend for Mid-Year 2024

Karachi: Bank Alfalah Limited has successfully credited the second interim cash dividend for the half-year period ended June 30, 2024. The dividend, set at 2 Rupees per share, which represents a 20% distribution, was directly transferred into the bank...

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Nishat Power Limited to Review Annual Financial Statements in Upcoming Board Meeting

Lahore: Nishat Power Limited ("the Company") has scheduled a Board of Directors meeting on September 3, 2024, to review the Annual Audited Financial Statements for the fiscal year that concluded on June 30, 2024.

According to information available f...

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