MCB Bank’s profit-after-tax rises 8 percent to Rs 20.94bn
KARACHI: The MCB Bank Limited reported profit-before-tax of Rs 32.054 billion and profit-after-tax of Rs 20.941 billion with an increase of 2.0 percent and 8.0 percent, respectively.
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Business
WAPDA briefs PM on water, power projects
LAHORE: Water and Power Development Authority (WAPDA) Chairman Syed Raghib Abbas Shah on Wednesday called on Prime Minister Raja Pervez Ashraf and briefed him about the progress on various projects being implemented in water and power sectors.
SBP directs banks to pay minimum profit of 6%
KARACHI: The State Bank of Pakistan (SBP) has directed commercial banks to pay minimum profit rate of 6.0 percent per annum on all rupee saving deposits on average monthly balances with effect from April 1, 2013.
Islamabad likely to seek $5-6b package
ISLAMABAD: Pakistan and International Monetary Fund (IMF) would hold talks next month (April) in Washington wherein Islamabad might seek fresh bailout package to avert a crisis of balance of payments, it has been learnt.
Mandviwalla has some tricks up his sleeve for economic stability
ISLAMABAD: Federal Minister for Finance Saleem Mandviwalla on Friday said that a comprehensive roadmap would be left for the upcoming government to get rid of the circular debt and improve performance of Public Sector Companies (PSCs) on sustainable basis.
Recovery of Rs 110bn : Crackdown on 230,000 electricity bill defaulters soon
ISLAMABAD: The National Accountability Bureau (NAB) and Ministry of Water and Power agreed on Wednesday to launch crackdown on 230,000 electricity bill defaulters for recovery an outstanding amount of Rs 110 billion.
Mar 7 2013 | Posted in Business | Read More »
Slowdown boon: Buy a car and get Another Free
NEW DELHI: This can easily be called the mother of all deals. You surely have heard of ‘buy one, get one free’ offers on purchase of small FMCG products or a shirt or a pair of jeans, but an auto dealer in Gujarat has extended the same to cars — buy a car, and get [...]
e-police outsmart cyber crime gang
Thanks to the efforts of Dubai Police’s electronic intelligence team, a case involving a cyber gang who hacked into the accounts of several companies, defrauding them of nearly Dh6 billion, was cracked last Friday after close investigation.
ADB launches 2-year business plan of US$2.5 billion for Pakistan
ISLAMABAD: Asian Development Bank (ADB) here on Wednesday launched business plan for two years of US$2.5 billion for Pakistan.
NESPAK wins $500m Afghan dam project
LAHORE: NESPAK a state organisation of consulting engineers has achieved a breakthrough by securing a dam project in Afghanistan.
Feb 28 2013 | Posted in Business | Read More »
