#qict

PICT registers profit of Rs441.21m, announces cash dividend of Rs3 per share

KARACHI: Pakistan International Container Terminal (PICT) has declared a cash dividend of Rs3 per share for the quarter ended September 30.

The company posted a net profit of Rs441.21 million, translating into the earnings per share (EPS) of Rs4.04 for the period under review as compared to the profit of Rs520.14 million and EPS of Rs4.77 in the same quarter last year.

The operating revenue stood…

Mobilink exposed: Customs blows the lid off another tax fraud

KARACHI: Country’s top telecom company Mobilink has been caught evading millions of rupees taxes and customs duty by mis-declaration in the import of DC Cabinet Air Conditioners while using Green Channel facility at Port Qasim. Customs Collectorate of Port Qasim has made contravention report against M/s Mobilink for deleberately mis-declaring the description and wrongly mentioning the PCT to avail…

Problems myriad, resolve rock solid: Kamran Michael

ISLAMABAD: Federal Minister for Ports and Shipping Senator Kamran Michael stated that the efforts undertaken for the revival of the ministry and National Shipping Corporation had started bearing fruit.

“99.9 percent corrupt and negligent officials have been replaced with honest, able and dedicated officers and a foolproof system has been put in place to improve performance of the workforce.”

Talk…