Business
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…
Expectations for CFOs are accelerating: report by ACCA
Findings of “The CFO of the Future” report show that the global pandemic is changing the role of the CFO Karachi, October 02, 2020: A report by ACCA (the Association of Chartered Certified Accountants) and IMA® (Institute of Management Accountants) finds the COVID-19 pandemic is accelerating the shifting of the CFO role. The CFO of…
SBP issues guidelines for Development Finance Institutions to undertake Shariah compliant business
Karachi, October 02, 2020: To enlarge the scope of Shariah compliant financial services in the country, State Bank of Pakistan (SBP) has taken another important step by issuing guidelines for Development Finance Institutions (DFIs) to undertake Shariah compliant businesses and operations. Further, keeping in view the various developments, such as changes in the licensing and…