Business
PSX index closed with an increase of 616pts
Karachi, October 20, 2020: As the concerns over political uncertainty withered away, Investors fixed gaze on the upcoming FATF plenary session and the quarterly results. Positive expectations on both counts helped the Index post a gain of 717 points during the session and closed at session’s high (unadjusted). O&GMCs, E&P scrips contributed the most, followed…
Deposit Protection Corporation launches its website
Karachi, October 20, 2020: Deposit Protection Corporation (DPC) is pleased to announce the formal launch of its website, accessible at http://www.dpc.org.pk. Through this website DPC has embarked upon a more depositor-centric and responsive public awareness program. Launching of its own website is part of DPC’s broader communication strategy towards all its stakeholders, which focuses on…
Governor SBP inaugurates Polyculture Forest and Museum Laboratory
Karachi, October 20, 2020: Governor SBP Dr. Reza Baqir inaugurated the Polyculture Forest at Pakistan Security Printing Corporation (PSPC) Karachi. He was briefed about the project in detail by the management. The Polyculture Forest is inspired by the incumbent government’s priority of encouraging people, communities, organizations, businesses and civil society to collectively plant trees and…
Hubco Sukuk and Growth Plan
Karachi, October 19, 2020: The Hub Power Company Limited through its wholly owned subsidiary, Hub Power Holdings Limited, is in the process of finalising issuance of an Islamic Shariah compliant sukuk. This represents Hubco’s keen interest in promoting and supporting the Islamic financing options and the local financial industry. This proposed sukuk in the sum…
Meezan Bank to give financing under PM Low Cost Housing Finance scheme
Karachi, October 19, 2020: Meezan Bank, Pakistan’s first and largest Islamic bank has become the first Bank in the country to disburse the first two Shariah-compliant housing finance facilities under Prime Minister’s Mera Pakistan Mera Ghar, Low Cost Housing Finance scheme on Friday, 16th October, 2020. The facilities were disbursed to Mr. Muhammad Anees who…