Karachi, Invest Capital Investment Bank (ICIBL), a notable entity in the investment banking sector, disclosed its earnings for the fiscal year ending February 2024, showcasing an earnings per share (EPS) of Rs. 0.32. Despite the challenging market conditions, the bank managed to report earnings, reflecting its resilience. The bank, which has been listed on the Pakistan Stock Exchange since 1993, holds a paid-up capital of Rs. 2,848.67 million. The report further indicated no dividend distribution for the years 2022, 2023, and 2024, underscoring a cautious approach in capital allocation amidst economic uncertainties.
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Currency Exchange Rates Show Stability in Pakistan’s Open Market
Karachi: Pakistan's currency exchange rates experienced minimal fluctuations in the open market, with the U.S. dollar closing at 278.76 for buying and 281.04 for selling, revealing a stable trend for the day.
According to a statement by State Bank o...
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