NIBL’s 23rd AGM

KATHMANDU: The 23rd AGM of Nepal Investment Bank Ltd (NIBL) has approved the proposed 20 per cent cash dividend to its shareholders on Wednesday. The dividend amounts to Rs 481.41 million which volume-wise is among the highest in Nepal. On the basis of strong performance, NIBL managed to earn a net profit of Rs 900.619 million — an

increment of 29.26 per cent compared to the 2007-08 fiscal — in

the fiscal year 2008-09 that also saw its paid-up capital rise to Rs 2.407 billion from 2007-08’s

Rs 1.203 billion. — HNS

IME’s bonus shares

KATHMANDU: The fifth AGM of IME Financial Institution Ltd on Tuesday decided to issue 20 per cent bonus shares. The company is also issuing rights shares in 1:3 ratio to increase capital. According to a company statement, after the issue of bonus and rights shares the authorised and paid-up capital will be Rs 4 billion and Rs 1.2 billion, respectively. —HNS

Secys get PAN

KATHMANDU: Chief secretary Madhav Prasad Ghimire distributed personal account number (PAN) cards to secretaries of the government. Budget 2009-10 has announced to distribute PAN cards to the people of Nepal. According to the Ministry of Finance (MoF), 34 secretaries got PAN cards on Wednesday. MoF is planning to expand the PAN card distribution campaign to expand the tax net. The campaign started last month by distributing PAN cards to President Dr Ram Baran Yadav, Prime Minister Madhav Kumar Nepal and other ministers. — HNS