Business
JS Bank crosses Rs. 400 billion in deposits
Karachi, July 06, 2020: JS Bank’s deposits continued to grow and crossed Rs 400 billion (approx. USD 2.3 Billion) mark. Acknowledged as one of Pakistan’s largest SME banks and mortgage providers offering diverse individual and institutional banking solutions; JS Bank has been recognized by the State Bank of Pakistan as the best performer under the…
Oil sales up 19pc YoY all-time high MS and 24-month high HSD sales
Karachi, July 02, 2020: Pak Oil sales for Jun-2020 are likely to increase by 9 percent MoM as economic activities have picked up following government’s easing of COVID-19 related lockdowns. The same is also up 19 percent YoY owing to low prices (reportedly smuggling of petroleum products into Pakistan was also very nominal as price…
KE teams removed non-electricity wires and hazardous switches removed from electricity poles
Karachi, July 02, 2020: Continuing the drive to against unlawful encroachment of power infrastructure, K-Electric teams removed over 2000 kilograms of internet and TV cables and hooked connections from power poles. The drive was carried out in parts of Ibrahim Hyderi, Sector 50/A, 32/A, Ilyas Goth and Usman Dawood Goth in Korangi and Landhi. Furthermore,…
Meezan Bank approves guidelines to support small businesses
Karachi, July 02, 2020: The 47th meeting of Meezan Bank’s Shariah Supervisory Board (SSB) was recently held as an online event, with the goal of preventing contagion and staying consistent with the recommendations of global and local health authorities and the Government. This was the first Shariah Supervisory Board meeting conducted completely online where members…
Emirates delivers on customer promise, offers travel confidence
Expedited processing has cleared nearly 650,000 refund requests in 8 weeks Policies offer customers confidence to plan and book their travel Karachi, July 02, 2020: In the past two months, Emirates has processed nearly 650,000 refund requests, returning over AED 1.9 billion to its customers and making good on its promise to expedite refunds after…