MCB earns record Rs71.4bn

Published February 9, 2023

Lahore: With strong build-up in core earnings, MCB Bank’s profit before tax for the year ended Dec 31, 2022, “posted an impressive growth of 37.3 per cent to reach a historic high of Rs71.4 billion”, the bank said in a press release on Wednesday.

The board of directors of MCB Bank Limited in its meeting under the chairmanship of Mian Mohammad Mansha reviewed the bank’s performance and approved the financial statements for 2022.

The board of directors has declared final cash dividend of Rs6 per share, i.e. 60pc in addition to 140pc already paid, bringing the total cash dividend for the year 2022 to 200pc, it said.

Published in Dawn, February 9th, 2023

Opinion

Accessing the RSF

Accessing the RSF

RSF can help catalyse private sector inves­tment encouraging investment flows, build upon institutional partnerships with MDBs, other financial institutions.

Editorial

Madressah oversight
Updated 19 Dec, 2024

Madressah oversight

Bill should be reconsidered and Directorate General of Religious Education, formed to oversee seminaries, should not be rolled back.
Kurram’s misery
19 Dec, 2024

Kurram’s misery

THE unfolding humanitarian crisis in Kurram district, particularly in Parachinar city, has reached alarming...
Hiking gas rates
19 Dec, 2024

Hiking gas rates

IMPLEMENTATION of a new Ogra recommendation to increase the gas prices by an average 8.7pc or Rs142.45 per mmBtu in...
Geopolitical games
Updated 18 Dec, 2024

Geopolitical games

While Assad may be gone — and not many are mourning the end of his brutal rule — Syria’s future does not look promising.
Polio’s toll
18 Dec, 2024

Polio’s toll

MONDAY’s attacks on polio workers in Karak and Bannu that martyred Constable Irfanullah and wounded two ...
Development expenditure
18 Dec, 2024

Development expenditure

PAKISTAN’S infrastructure development woes are wide and deep. The country must annually spend at least 10pc of its...