NAB lays out procedure for summoning businessmen in legal proceedings

October 9, 2019

October 9, 2019: The Chairman of National Accountability Bureau (NAB) has directed that businessmen will not be called for appearance in legal proceedings through telephonic messages.

An official notice issued by NAB on Wednesday stated that the following procedures shall be adopted for summoning businessmen in case of requirement;

Notice covering the details and reasons for alleging the person in the case will be issued for provision of written reply
After receipt of reply if the same is found unsatisfactory or needs further explanation a questionnaire will be delivered
The DG Regional NAB will examine the reply of each question and if found unsatisfactory, the businessmen will be summoned for personal appearance as per law and SOP

Copyright Mettis Link News

Posted on: 2019-10-09T15:28:00+05:00

30438

Consolidated Profit and Loss Account for the nine months ended September, 30 2019 ('000 Rupees)
	Sep-19	Sep-18	% Change
Net revenue	27,834,222	25,523,707	9.05%
Cost of sales	(21,586,567)	(19,427,062)	11.12%
Gross profit	6,247,655	6,096,645	2.48%
Distribution and marketing expenses	(244,718)	(292,084)	-16.22%
Administrative expenses	(603,041)	(535,516)	12.61%
Other operating expenses	(1,106,104)	(470,237)	135.22%
Other income	710,679	620,266	14.58%
Operating profit	5,004,471	5,419,074	-7.65%
Finance cost	(1,199,902)	(451,501)	165.76%
Profit before taxation	3,804,569	4,967,573	-23.41%
Taxation	(990,086)	(1,102,137)	-10.17%
Profit for the period	2,814,483	3,865,436	-27.19%
Earnings per share - basic and diluted (Rupees)	3.10	5.03	-38.37%

Consolidated Profit and Loss Account for the nine months ended September 30,2019 (Rupees '000)
	Sep-19	Sep-18	% Change
Mark-up/return/profit/interest earned	182,631,441	117,074,265	56.00%
Mark-up/return/profit/interest expensed	108,573,082	56,962,724	90.60%
Net mark-up/return/profit/interest income	74,058,359	60,111,541	23.20%
Non mark-up/interest income
Fee, commission and brokerage income	15,456,596	12,739,687	21.33%
Dividend income	367,646	636,969	-42.28%
Share of profits of associates and joint venture	2,212,652	2,324,938	-4.83%
Foreign Exchange Income	302,575	444,090	-31.87%
(Loss) / income from derivatives	(657,532)	(361,337)	81.97%
(Loss) / gain on securities	(2,411,531)	357,300
Other income	506,627	354,547	42.89%
Total non-mark-up /interest income	15,777,033	16,496,194	-4.36%
Total Income	89,835,392	76,607,735	17.27%
Non mark-up/interest expenses
Operating expenses	(68,969,691)	(56,266,809)	22.58%
Other charges	(404,057)	(465,994)	-13.29%
Workers' Welfare Fund	(393,094)	(330,051)	19.10%
Total non-mark-up/interest expenses	(69,766,842)	(57,062,854)	22.26%
Profit/(loss) before taxation	20,068,550	19,544,881	2.68%
Provision and write offs-net	(1,783,344)	(1,863,380)
Taxation	(9,460,517)	(7,771,355)	21.74%
Profit/(loss) after taxation	8,824,689	9,910,146	-10.95%
Earnings per share - basic and diluted (Rupees)	5.89	6.57	-10.35%

Profit and Loss Account for the quarter ended September 30th 2019 ('000 Rupees)
	Sep-19	Sep-18	% Change
Gross sales	52,332,426	53,227,258	-1.68%
Trade discounts, taxes, duties, levies and price differentials	(13,064,811)	(11,968,195)	9.16%
Net sales	39,267,615	41,259,063	-4.83%
Cost of sales	(39,455,909)	(41,780,504)	-5.56%
Gross profit/(loss)	(188,294)	(521,441)	-63.89%
Distribution cost	(196,882)	(190,553)	3.32%
Administrative expenses	(234,402)	(227,412)	3.07%
Other income	101,773	90,359	12.63%
Other operating expenses	(5,036)	(4,122)	22.17%
Operating profit/(loss)	(522,841)	(853,169)	-38.72%
Finance cost	(370,870)	(467,937)	-20.74%
Profit/(loss) before taxation	(893,711)	(1,321,106)	-32.35%
Taxation	214,946	254,938	-15.69%
Profit/(loss) after taxation	(678,765)	(1,066,168)	-36.34%
Earnings per share - basic and diluted (rupees)	(8.49)	(13.33)	-36.31%

NAB lays out procedure for summoning businessmen in legal proceedings

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