Nestlé Pakistan profit jumps to Rs11.8bn LAHORE: Nestlé Pakistan`s after-tax profit rosemore than 35 per cent year-on-year to Rs11.8 billion in 2016, the company announced on Wednesday.

Earnings per share edged up to Rs261.23 from Rs193.18 a year ago. The company`s revenue, which crossed Rs100bn in 2015, increased by 9pc to Rs112bn in 2016. Export sales stood at Rs4.9bn during the period.| Hascol lays foundation of lube oil plant I KARACHl: Hascol Petroleum Ltd has laid thefoundation its lube oil blending plant in a ceremony attended by Consul General of Germany Rainer Schmiedchen, said a press release issued on Tuesday.Saudi Aramco taps US banks for IPO RlYADH: Oil giant Saudi Aramco has askedJPMorgan Chase & Co and Morgan Stanley to assist with its upcoming mammoth IPO and could call on another bank with access to Chinese investors, a source with direct knowledge of the matter said.

-Reuters