Business
SCCI commits policy of zero tolerance for non-compliance of labour standards
Karachi, October 17, 2020: “Sialkot Chamber has a policy of zero tolerance for non-compliance of Labour Standards in the area of child labour and other socially responsible labour practices and supports positive role of enterprises in promoting CSR through social compliance.” This was stated by Qaiser Iqbal Baryar, the President Sialkot Chamber of Commerce and…
Governor SBP launches of digitization of FX regulatory approvals
Karachi, October 17, 2020: Dr. Reza Baqir launched the SBP FX Regulatory Approval System (RAS) for end-to-end digitalization of Foreign Exchange (FX) related case submission process today in a ceremony held in Karachi. At the invitation of Governor Baqir, Dr. Ishrat Husain, Advisor to the Prime Minister on Institutional Reforms and Austerity and the Governor State…
HBL 9 million profit increases to more than 25 billion
Karachi, October 16, 2020: HBL declared a consolidated profit after tax of Rs. 25.3 billion for 9M’20, an almost threefold growth over the same period last year. Profit before tax for the first nine months of 2020 more than doubled, to Rs. 42.9 billion. The Bank’s earnings per share increased to Rs. 17.17 compared to…
KSE 100 index market report
Karachi, October 16, 2020: KSE 100 index depicted erratic behavior today, where it traded between an intraday high of 152 points and intraday low of -326 points, to finally close at 40,164 (up by 0.24 percent). Major contribution to the index came from HBL, MEBL, UNITY, FFBL and DGKC, where they cumulatively contributed 158 points…
Meezan Bank wins several awards at 17th Annual Excellence Awards by CFA Society
Karachi, October 02, 2020: Meezan Bank has been declared as the ‘Best Bank of the Year’, ‘Best Islamic Bank of the Year’ and ‘Corporate Finance House of the Year – Debt’ – 2019 by the CFA Society of Pakistan at its 17th Annual Excellence Awards. This is the first time that CFA Society of Pakistan has…