Ghandhara Industries Transfers PKR 1.5 Billion to Capital Reserve for Strategic Capital Expenditure

Karachi, Ghandhara Industries Limited’s Board of Directors has approved the transfer and classification of PKR 1.5 billion from unappropriated profits to a separate capital reserve. This move aims to strengthen the company’s capital expenditure strategy and accurately reflect the nature of these reserves. The amount transferred to the capital reserve will not be available for distribution by way of dividends, as per the Board’s decision in their recent meeting.

The post Ghandhara Industries Transfers PKR 1.5 Billion to Capital Reserve for Strategic Capital Expenditure appeared first on Pakistan Company News.

Check Also

Pakistan Emphasizes Diplomacy for Iran Nuclear Issue

Islamabad: Pakistan has reiterated that the Iran nuclear issue should be addressed through peaceful means. The remarks were made by Pakistan's Permanent Representative to the UN, Asim Iftikhar Ahmad, while speaking on the Security Council Vote on the ...