Allied Bank Limited (ABL) earned Rs 4,076.158 million in the year ended on December 31, 2007 as compared to Rs 4,397.250 earned in the corresponding period in 2006. The bank’s earnings per share stood at Rs 7.57 against previous year’s Rs 8.16. The board of directors of the bank in its meeting held on Friday […]
Oils falls again on low Us Demands
prices fell on Monday, briefly ducking below $90, on concerns that crude demand may be hit by fears of a slowdown in US economic and fresh uncertainty on the equity markets, dealers said. New York’s main contract, light sweet crude for delivery in March, lost 50 cents to $90.21 per barrel, having earlier dropped below […]
Fauji Fertilizer Company Limited (FFC Has shown rise
As the year eneded in December , the tax profit of Fauji Fertiliser Company Limited (FFC) has risen to Rs 5.360 billion in the year ended on December 31, 2007 as compared to Rs 4.636 billion earned in the corresponding period in 2006. The earnings per share of the company surged to Rs […]
Netsol Technologies Limited expands its operations to UAE
The NetSol Technologies Limited . the largest IT Leader has started its expansion to UAE . According to its Chairman and Executive Chief Officer Salim Ghauri his company is planning to write another success story in the Middle East after the region of Asia where LeaseSoft has become a symbol of accuracy, quality and […]
Bird flu scare hits poultry sector
Following confirmation of presence of the deadly H5N1 bird flu virus in a couple of Karachi’s poultry farms last week, the price of chicken meat has plunged sharply during the last few days. The decline in the rates was attributed by the retailers and wholesalers to the dwindling demand of the chicken meat by the […]
Toyota Motors records in quarterly profits
Japan’s Toyota Motor Corp. said Tuesday that its third-quarter net profit rose 7.5 percent to a record high on the back of fast-growing sales overseas, particularly in emerging markets. But Toyota, which is in a tight race with Detroit giant General Motors for the rank of the world’s top automaker, maintained its cautious outlook for […]