Financial stocks lead rally on PSX marketPakistan equities Wednesday closed in green with benchmark KSE-100 Index rallying 322 points to 40,279 points level. Market kicked-off sideways and continued along Tuesday's declining trend making an...
MCB Bank announces financial results for 2018The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on February 20, 2019 to review the performance of the Bank and approve the financial statements for the...
UBL declares profit of Rs. 25 billion for 2018, delivers strong returns to shareholdersUBL has posted a standalone Profit Before Tax (PBT) of Rs. 25 billion for Full Year 2018. Excluding a one-off extraordinary pension charge for prior years, PBT reached Rs. 31.6 billion, one of the hig...
KPT to privatize bulk cargo handling facilitiesThe Karachi Port Trust (KPT), a premier port of Pakistan, has decided to privatize its bulk cargo handling facilities in a bid to match international standards. Also, the authority has planned to esta...
Ford pulls out of S America truck business, closes Brazil plantUS automaker Ford said Tuesday it was pulling out of the commercial heavy truck business in South America, closing a plant in Brazil employing 2,800 workers that has been operating for half a century....
Oil dips below 2019 highs as surging US supply counters OPEC cutsOil prices slipped away from 2019 highs on Wednesday, with surging US supply and slowing economic growth tempering upward pressure from supply cuts led by producer club OPEC and from Washington's sanc...