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KARACHI: The American Business Council (ABC) has conducted its annual surveys, suggesting that companies have plans to invest in Pakistan in the future and almost 95% of the respondents still are optimistic about the long-term economic and operating climate of Pakistan. A statement here on Thursday said that in perception survey, over 40% of the respondents …
October 27, 2017 | by RaheelLAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the Federal Board of Revenue (FBR) to extend the date for filing income tax returns till December 31. In a statement, LCCI President Malik Tahir Javed said that extension till at least December 31 will be a “good favour” towards the business community and will …
October 27, 2017 | by RaheelKARACHI: Pak Elektron Limited’s (PAEL) profit dropped 1.15% to Rs2.97 billion in the nine months ended September 30 mainly due to increase in cost of sales and other expenditures, according to a bourse filing on Monday. The home appliances and electrical equipment manufacturer had booked a profit of Rs3 billion in the same period last year. …
October 27, 2017 | by RaheelKARACHI: Engro Corporation’s profit rose 12% to Rs4.92 billion in the quarter ended September 2017 mainly due to reduced costs in several heads after Engro Foods became an associated company. The conglomerate had recorded a profit of Rs4.41 billion in the same quarter of previous year. Earnings per share improved to Rs5.99 in Jul-Sep 2017 from …
October 27, 2017 | by RaheelKARACHI: Amreli Steels Limited announced a net profit of Rs196 million for the quarter ended September 30, 2017, down 13.2% compared with Rs226 million in the same period of last year, according to a company notice sent to the Pakistan Stock Exchange (PSX). Earnings per share (EPS) dropped to Rs0.66 compared to an EPS of Rs0.76 …
October 27, 2017 | by RaheelThe government has revived its plan to relocate the military headquarters, known as General Headquarters (GHQ), from Rawalpindi to Islamabad, according to Defence Secretary Lt Gen (retd) Zamirul Hassan. Briefing the Senate Standing Committee on Defence on Thursday, he said that 2,450 acres of land has been allocated for building a defence complex in Islamabad. …
October 27, 2017 | by RaheelKARACHI: Oil and Gas Development Company’s (OGDC) profit rose 16% to Rs17 billion in the quarter ended September 2017 primarily due to higher sales and lower exploration and prospecting cost. The oil and gas exploration and production company had registered a profit of Rs14.63 billion in the same quarter of previous year, according to the profit …
October 27, 2017 | by RaheelISLAMABAD: On the 25th day, the employees of Pakistan Institute of Medical Sciences (Pims) called off their strike and protest after federal cabinet’s nod to a proposed piece of legislation which would separate the hospital from the medical university. The All Employees Pims Restoration Movement (AEPRM) called off the 25-day-long protest and partial strike after assurance …
October 27, 2017 | by RaheelISLAMABAD: A news report published on October 26th in the Daily Express bought forward the issue of a rape case that took place at the Pakistan Institute of Medical Sciences hospital Islamabad over a year ago. While the accused was removed from service, the committee formed to inquire into the matter has still not taken a …
October 27, 2017 | by RaheelISLAMABAD: Maryam Nawaz, daughter of deposed prime minister Nawaz Sharif, has said the Joint Investigation Team (JIT) had failed to find any concrete evidence against her family and returned “empty handed” from the United Kingdom. The JIT, formed by the Supreme Court to probe the Panamagate scam, had contacted six countries including the UK for mutual …
October 26, 2017 | by Raheel