Business
BankIslami Reports its Highest-Ever Profitability during 2020
KARACHI, March 09, 2021: BankIslami has reported its highest-ever profitability during financial year 2020. Profit after tax closed at Rs. 1.70 billion, up by 56 percent comparing with profitability of Rs. 1.09 billion during financial year 2019. Despite downward adjustment in policy rate, net spreads of the Bank increased by 16 percent on account of…
Hub Power Holdings Limited ready to explore the Oil and Gas sector in Pakistan
Karachi, March 09, 2021: Hub Power Holdings Limited (HPHL), a wholly owned subsidiary of The Hub Power Company Limited (Hubco), together with ENI’s local employees (in a 50:50 joint venture), has executed definitive agreements to acquire all the upstream operations in Pakistan of ENI and renewable energy assets owned by ENI in Pakistan. By way…
KSE 100 closed decreased on 786pts
Karachi, March 08, 2021: PSX kicked off positive, hitting a high of +595 point on early excitement as the lower house of parliament reaffirmed its confidence in Prime Minister Imran khan by overwhelmingly voting in his favor. However this positivity couldn’t last as the market came under pressure from likely redemptions in mutual funds, pushing…
Recognizing its People, JS Bank Hosts Third Power of You Session In Faisalabad
KARACHI, March 8, 2021: In honor of the hard work and dedication showcased by the JS Family over the last one year and the levels of success reached, JS Bank threw a grand event to celebrate its Retail & Product teams at Circle Club, Faisalabad. The ‘JS Champions League’, a unique sales program was also…
Reasoned statement against India on GI of Basmati accepted
Lahore, March 08, 2021: The reasoned statement submitted by Rice Exporters Association of Pakistan (REAP) against India on Geographical Indication (GI) of Basmati has been accepted by the European Commission on March 5, 2021. REAP filed the Reasoned Statement in opposition to India’s claim of GI of Basmati on February 5, 2021 after sending the…