Standard Chartered Bank Pakistan Announces Dividends; Shares Trade at Premium

Karachi, Standard Chartered Bank Ltd. (SCBPL) announced a 40% dividend and a 67.50% bonus issue, signaling strong financial health. The bank’s share price showed a positive movement, closing at Rs. 35.94 against a daily weighted average of Rs. 36.05. With a substantial paid-up capital of Rs. 38,715.85 million, SCBPL’s shares witnessed an active trading session, with 1,901,500 shares changing hands. The bank reported an EPS of Rs. 5.13 for the year ending in 2023, highlighting its profitability.

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DPM Emphasizes FDI-Led Economic Growth Strategy

Islamabad: Deputy Prime Minister Ishaq Dar has emphasized the government's policy to invite Foreign Direct Investment in Pakistan, which is undertaken to promote economic and commercial activities in the country. He was chairing a meeting of the Cabin...