KARACHI: Bank Al-Habib has posted a profit after tax of Rs 2.425 billion for the year 2008 and declared a bonus share of 27.50 percent and a final cash dividend of Rs 1.25 per share. According to financial results of the bank dispatched to the Karachi Stock Exchange here Wednesday, the pre-tax profit surged to Rs 3.578 billion for the period ending December 31, 2008. The earning per share also improved to Rs 5.07 during the year under review.
By Abdul Qadir Qureshi (Pakistan News and Features Services) Way is paved for assembling and later gradual manufacturing of electric cars and bikes in Pakistan with the launching of electric cars by the Dewan Motors Limited (DML), a reputed name in the automobile sector, at a glorious launch ceremony at the Convention Centre of DHA Golf Club on June 4. The Chairman of Senate, Syed Yusuf Raza Gilani, also a former Prime Minister, was the guest of honour as hundreds of participants from various walks of life celebrated another remarkable achievement by Pakistan. Speaking on the occasion, he acknowledged and applauded the ground breaking initiative undertaken by the Yousuf Dewan Companies (YDC) in the automotive sector. “The establishment of a state-of-the-art vehicle assembly plant equipped with cutting-edge robotics technology, signifies the strength and capabilities of the company,” he remarked. He was confident that, based on its reputation and tra...
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