Karachi, July 30, 2020: The COVID-19 pandemic means government spending has increased immensely, with the IMF calculating it to be a staggering US$9 trillion. For ACCA, the World Bank and IFAC, the concern is that public sector fiscal commitment and interventions are not being captured accurately by governments due to the way they account for this. In a…
Lahore (29 July 2020): Nestlé Pakistan Limited recorded sales of PKR 58.4 billion for the period January-June 2020, an increase of 1.0% compared to the same period last year despite the unprecedented circumstances caused by the COVID-19 outbreak. The Company recorded net profit of PKR 3.9 billion, a decline of 13.3% compared to the same period…
Karachi, July 29, 2020: Pak-Qatar Takaful Group in collaboration with IBA-CEIF (Centre for Excellence in Islamic Finance) recently organized a webinar session on Understanding Takaful. Mufti Hassaan Kaleeem (Chairman, Shariah Board-Pak-Qatar Takaful Group) and Azeem Pirani (CEO, PQFTL) were the key speakers at the online session. Mufti Hassaan Kaleem focused on the concept of Takaful (How it evolved?), its need and importance…
Karachi , 27 July, 2020: Emirates has announced it will resume flights to Nairobi (from 2 August), Baghdad and Basra (from 10 August), expanding its growing network, and offering customers around the world more convenient connections to Dubai, and via Dubai. This will take the airline’s passenger network to 67 destinations in August, including seven…
Karachi, July 29, 2020: Jubilee Life Insurance, Pakistan’s leading private sector life insurance provider, has been awarded the prestigious Effie Award in the Insurance Category at this year’s awards ceremony which was held virtually. This is the first time any insurance company has won the award in this category and Jubilee Life has been recognized…