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Saudi Pak Industrial & Agriculture Investment Company: Rs 1,402 million pre-tax profit recorded

The 33rd Annual General Meeting (AGM) of Saudi Pak Industrial and Agriculture Investment Company Ltd was held in Islamabad under the Chairmanship of Mohammed W Al-Harby here on Tuesday. While discussing the affairs of the company, Kamaluddin Khan, Chief Executive stated that the company has achieved a complete turnaround in its operations and has posted a record pre tax profit of Rs 1,402 million.

The shareholders appreciated the efforts of the management and adopted the unconsolidated as well as consolidated financial statements of Saudi Pak and its subsidiaries for the year ended December 31, 2014 and further approved issuance of 60 million shares of Rs 10 each to be applied as fully paid bonus shares in the ratio of 10 shares for every 100 shares.-PR

Copyright Business Recorder, 2015



 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln