Interest-free loans approved for meritorious students under Student Loan Scheme

Karachi, June 3, 2019: The Apex Committee for Student Loan Scheme having representation from State Bank of Pakistan, Finance Division (Government of Pakistan) and five major banks (NBP, HBL, UBL, ABL, and MCB Bank) has approved Rs 51.987 million as interest-free loans to deserving students for their current year of studies within Pakistan. The amount,…

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Boards of AHCL and AHL approve Buy-Back of Shares

Karachi, June 3, 2019: The Board of Directors of Arif Habib Corporation Limited (AHCL) and Arif Habib Limited (AHL) in separately held emergent Board meetings today approved buy-back of shares of their respective companies through a tender offer. AHCL’s Board of Directors has approved a proposal to buy-back its own fully paid-up ordinary shares of the face value…

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Corps Commander XI win against Commissioner XI

Karachi, June 3, 2019: In a Festival Floodlit T20 Cricket match played at the National Stadium Karachi on Saturday night Corps Commander XI won against Commissioner XI by 3 wickets. Pakistan Veterans Cricket Association and Commissioner Karachi Office organized the Match. The Captain of Corps Commander XI Brig Abdul Sami won the toss and put…

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Pakistan Stock closes lower before Eid

Karachi, June 3, 2019: Last trading session before Eid and Budget ended negative for the course. Although clarity on EMOF and SEF was given by ECC last week, investors’ seemed concerned over Budget, which is likely to adopt tough budgetary measures to bring fiscal discipline.  Besides, rapidly falling international crude prices brought selling pressure in the…

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