KARACHI, November 1, 2018: The State Bank of Pakistan’s (SBP) posted a significant decline of some 26 percent during the last fiscal year (FY18) mainly due to rising foreign exchange losses. The SBP on Thursday released its annual performance review for the last fiscal year, which revealed that Pakistan’s central bank’s profit for FY18 witnessed…
Karachi, 1st November 2018: Meezan Bank, Pakistan’s first and largest Islamic bank and Hyundai Nishat Motor (Private) Limited – a joint venture among three leading international business; Nishat Group, Sojitz Corporation (Japan) and Millat Tractors Ltd., have recently signed an agreement for PKR 5.66 billion Islamic Finance Facility. The signing ceremony, held in Dubai, was attended by Mr….
Karachi, Nov 01, 2018: First of its kind initiative by a Pakistan origin American to establish private International Cricket Centered Multi-Sports Complex in Houston will provide hundreds of jobs to skilled Pakistanis and promote bilateral trade, and business opportunities between USA and Pakistan. Managing Partner and President ICCMC & America Pakistan Business Forum Nawaid has…
Pakistan’s new government has finally gotten relief by securing a soft loan from Saudi Arabia, which will buy enough time for policies to be implemented which can direct the economy out of the deficit crunch. The policies that we need to focus on are industrialization and exporting policies. It’s time to gear up our industries…
Karachi, October 29, 2018: On a consolidated basis, Lucky Cement Limited reported net profit after tax of PKR 2.96 billion after taking out PKR 0.21 billion attributable to non-controlling interests for the first quarter ended September 30, 2018, which translates into earnings per share (EPS) of PKR 9.14 / share as compared to PKR 11.90 /…