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PSO profit jumped 77pc to Rs18.2bn in 2016-17

Oil marketing company Pakistan State Oil (PSO) reported on Tuesday stellar growth of 77 per cent in net profit , which amounted to Rs18.2 billion for 2016-17. Its board announced a cash dividend of Rs15 per share and stock dividend of 20pc in addition to the already distributed interim cash dividend of Rs10 per share. It took the aggregate payout for 2016-17 to Rs25 per share (cash dividend) and 20pc bonus shares.

China’s largest ride-hailing firm, has invested in online taxi service

China’s largest ride-hailing firm has invested in online taxi service in a new partnership deal that marks latest international expansion against rival the US based company.

Another Thar coal-fired power plant with Chinese funding in Pakistan

Pakistan is set to attract more Chinese investment for setting up another Thar coal-fired power plant as the country seeks to aggressively utilize indigenous energy resources to reduce its reliance on imported fuels.

Host: Yasir Nazar


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