KARACHI: Mari Petroleum Company Ltd said in a notice to the PSX that the Directorate General of Petroleum Concessions had communicated to the company provisional award of new exploration blocks (two blocks as an operator and two as a join venture partner with other E&P companies.)
BAHL profit soars 59pc
Bank Al Habib Ltd (BAHL) recorded an unconsolidated profit-after-tax (PAT) of Rs17.81 billion and earnings per share (EPS) at Rs16.03 for the year ended Dec 31, 2020, representing growth of 59.48 per cent over the earlier year’s PAT at Rs11.2bn and EPS at Rs10.05.
The board proposed a cash dividend of Rs4.50 per share.
While already struggling to rein in the prices of sugar, wheat flour, ghee/cooking oil, steel bars and cement, Prime Minister Imran Khan has now vowed to tackle the issue of high car prices and low auto-part localisation.
In the last week of 2020, the federal cabinet directed the Ministry of Industries and Production (MoIP) to look into the production capacity of existing carmakers that have failed to increase their output in line with market demand.
The cabinet directed the MoIP to look into the reasons as to why the foreign automobile manufacturers failed to indigenise car assembling through deletion programmes. The cabinet asked the ministry to make a presentation on this issue.