PSO to be autonomous to run its operation minister:
The management of the Pakistan State Oil (PSO) will be autonomous to carry out their functions independently, said Shahid Khaqan Abbasi, Minister for Minister for Petroleum and Natural Resources here on Tuesday.
Imported used cars slash IMC profits by 21% in FY13:
Indus Motor Company (IMC) Tuesday declared a 21 percent decline in its profit after tax (PAT) of Rs. 3.4 billion in 2012-13 as compared to Rs. 4.3 billion in same period of last fiscal year due to sharp influx of imported cars. Along with the result, the company has declared a final cash dividend of Rs 15 per share. This is an addition to Rs 10 per share alredy paid during the year, thus, taking the total cash payout to Rs 25 per share. The company declared Earnings per Share (EPS) of Rs 42.72 for the fiscal year 2012-13 as compared to EPS of Rs 54.74 in the last financial year.