Just in:  

You are here: Home»Company News»Pakistan

Company News: Pakistan


The Board of Directors of National Bank of Pakistan (NBP) in its meeting held on Wednesday at the Bank''s Head Office Karachi approved the financial results of the bank for the nine months period ended on September 30, 2014. Pre-tax profit of the bank stood at Rs 18.0 billion for the nine months period ended on September 30, 2014 as compared to Rs 7.4 billion for the corresponding last year, registering colossal increase of 143 percent.

Nishat Chunian Limited (NCL) is one of the chief companies of Nishat Chunian Group that was founded in 1990. Nishat Chunian USA Inc and Nishat Chunian Power Limited are its subsidiary firms. NCL is involved in spinning, weaving, processing, stitching; made-ups made from raw cotton and processed cloth. NCL is one of the up-to-date and leading vertically integrated textile companies in Pakistan.
The Board of Directors of Bank of Punjab in their meeting held on Wednesday, approved the un-audited financial accounts of the bank for the nine months period ended September 30, 2014. During the nine months period, Net Interest Margin (NIM) of the Bank improved considerably to Rs 4,655 million against Rs 2,135 million during corresponding period of last year, thereby reflecting a growth of 118 percent.
United Bank Limited (UBL) has announced 9M2014 consolidated profit after tax of Rs 17.17 billion (EPS Rs 13.94) compared to Rs 14 billion (EPS of Rs 11.15) in 9M2013. According to Topline Securities, the bank also announced interim cash dividend of Rs 2.5 per share in addition to Rs 5.0 per share already announced for current financial year.
Fauji Cement (FCCL) announced 1QFY15 profit of Rs 602 million (EPS Rs 0.45) as against Rs 582 million (EPS Rs 0.44) last year, up 3.4 percent. According to Topline Securities, in 1QFYI5, FCCL recorded revenues of Rs 4.2 billion against Rs 3.9 billion in the same period last year, up 7.6 percent, mainly due to increase in net retention prices and volumetric growth of 1.5 percent.
Silkbank Board in its meeting held on Tuesday, approved the accounts for the third quarter ended September 30, 2014. The bank made a significant turnaround by declaring an operating profit of Rs 458 million for the nine months of 2014, reflecting an impressive increase of 182 percent over the same period last year. January-September 2014, profit after tax was recorded at Rs 101.27 million.
The Board of Management (BoM) of Pakistan State Oil Company Limited (PSOCL) convened on Tuesday at the PSO headquarters, to review the Company's performance for the first Quarter (Q1) of the financial year 2014-15 (FY2015). In the period under review, PSO's Profit After Tax (PAT) has been Rs 5.2 billion, which is 59 percent higher than the budgeted PAT of Rs 3.3 billion for Q1 FY 2015.


Index Closing Chg%
Arrow DJIA 16,974.31 0.18
Arrow Nasdaq 4,549.23 0.33
Arrow S&P 1,982.30 0.14
Arrow FTSE 6,453.87 0.81
Arrow DAX 9,082.81 0.16
Arrow CAC-40 4,110.64 0.05
Arrow Nikkei 15,553.91 1.46
Arrow H.Seng 23,819.87 1.27
Arrow Sensex 27,098.17 0.81

where to buy

cheap wedding dresses

online -

Banking Review 2013

Buy new style hair wigs at cheap price on

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln