Business
Bank Alfalah continues with prudent provisioning leading to PAT of Rs. 8.3 billion
Karachi, October 21, 2020: The Board of Directors of Bank Alfalah Limited in its meeting held on October 21, 2020, approved the Bank’s unaudited condensed interim financial statements for the period ended September 30, 2020. The Bank’s operating profit at Rs. 20.614 billion showed a growth of 11.4 percent compared to the corresponding period of…
BankIslami won Pakistan IP excellence award 2020
Karachi, October 20, 2020: BankIslami, one of the most technologically advanced Islamic bank with 340+ branches in more than 116 cities, wins Pakistan IP Excellence Award 2020 in the category of “Best IP Management” and “Most Innovative Banking Solutions.” The prestigious IP Excellence Award provides rewards & recognition to motivate businesses and individuals to go…
TPL Life and Mobilink Microfinance Bank Ltd. partner to provide protection against COVID-19
Karachi, October 20, 2020: TPL Life, a leading insurtech in Pakistan, has partnered with Mobilink Microfinance Bank Ltd. (MMBL), Pakistan’s largest digital bank to launch “Corona Tahaffuz,” an insurance product designed for MMBL’s customers and will be available through the banks’ branches across Pakistan. Following the collaboration, MMBL customers will have access to comprehensive insurance…
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…