The profit-after-tax (PAT) of Lucky Core Industries (LCI) surged by over 127 per cent to Rs2.5 billion for the three months ending Dec 31, 2023 from Rs1.1bn in the same quarter last year. The net turnover rose to Rs31bn from Rs25bn in the same period last fiscal year. The sales and PAT in the first half of FY24 stood at Rs60bn and Rs5bn versus Rs49.5bn and Rs2.76bn, up by 21pc and 54pc, respect
Ernst & Young, financial advisor for the privatisation of Pakistan International Airline Ltd (PIACL), on Thursday, presented a business plan forecasting the investment roadmap together with immediate funding requirements of the national carrier. Chairing a meeting Caretaker Minister for Privatisation Fawad Hasan made some suggestions to further rationalise the projections contained in the plan
Pakistan Railways Chief Executive Officer Ami Ali Baloch says the work on the flagship Main Line-1 (ML-1) will be launched this year, as the preparatory works are underway these days. “The work on the ML-1 project will be launched this year. The projects related to improvement in the existing railways track would also be launched soon,” he said while talking to people in an E-open court on Thur
Pakistan’s public sector insurance companies have not only expanded their market share but also pioneered the development of innovative products to cater to the needs of low-income individuals and micro-entrepreneurs. A high-level meeting was convened on Thursday to evaluate the performance of public sector insurance companies — State Life Insurance Company (SLIC), National Insurance Company (N
Oil prices rose on Thursday after data showed US crude stockpiles fell more than expected last week and a fresh attack by Houthi forces on ships off Yemen’s coast underscored the peril facing trade in a key global transit route. Brent crude futures were up $1.29, or 1.6 per cent, to $81.33 a barrel at 1521 GMT , while US West Texas Intermediate crude was up $1.37, or 1.8pc, to $76.46 a barrel.