KARACHI: Meezan Bank Ltd on Thursday announced that its profit-after-tax surged to a record Rs86.02 billion in 2023 compared to Rs45.14bn in 2022, an increase of 91 per cent.

The largest Islamic bank’s earnings per share reached Rs47.66 for the year as compared to Rs25.1 in 2022, on a consolidated basis. The board of directors also announced a final cash dividend of Rs8 per share.

PSO loss surges

The Pakistan State Oil’s loss-after-tax surged to Rs10.4 billion for the second quarter of FY24 from Rs2.083bn in the same period last fiscal year.

However, net sales rose to Rs962bn from Rs874bn in the above period.

The net sales of the state-owned oil giant during 1HFY24 soared to Rs1.92 trillion from Rs1.77tr in the same period last fiscal year, while the profit swelled to Rs14.7bn from Rs64m.

Published in Dawn, February 16th, 2024

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Editorial

Ominous demands
Updated 18 May, 2024

Ominous demands

The federal government needs to boost its revenues to reduce future borrowing and pay back its existing debt.
Property leaks
18 May, 2024

Property leaks

THE leaked Dubai property data reported on by media organisations around the world earlier this week seems to have...
Heat warnings
18 May, 2024

Heat warnings

STARTING next week, the country must brace for brutal heatwaves. The NDMA warns of severe conditions with...
Dangerous law
Updated 17 May, 2024

Dangerous law

It must remember that the same law can be weaponised against it one day, just as Peca was when the PTI took power.
Uncalled for pressure
17 May, 2024

Uncalled for pressure

THE recent press conferences by Senators Faisal Vawda and Talal Chaudhry, where they demanded evidence from judges...
KP tussle
17 May, 2024

KP tussle

THE growing war of words between KP Chief Minister Ali Amin Gandapur and Governor Faisal Karim Kundi is affecting...