Business
NBP post half yearly financial results for June 30, 2019
Highest Revenues, After-tax Profit in the Industry. Revenues increase by 18.4 percent; Profit before-tax by 18.8 percent. Karachi, August 28, 2019: Meeting of the Board of Directors (BoD) of National Bank of Pakistan was held today i.e. August 28, 2019 at the bank’s Head Office in Karachi in which the BoD approved financial statements of…
Farmers suffering big losses as tobacco factory operations illegally blocked
Karachi, August 28, 2019: Hard working farmers are at risk of suffering heavy losses due to blocking of Philip Morris factory in Mardan by some people for past 10 – 12 days. A group of farmers recorded their protest at the Pakistan Tobacco Board (PTB), demanding the government’s relevant regulators’ intervention to resolve this crises…
Meezan bank posts Rs4.1 bln profit in 2QCY19
Karachi, August 28, 2019: Meezan Bank Limited (MBL) announced Profit After Tax (PAT) of Rs4.1 billion in second quarter of this calendar year (2Q2019). The earning per share of the bank was Rs3.2, up 88 percent year on year on the back of increase in net spread earned; up by 77 percent YoY. The bank…
Standard Chartered Pakistan announces H1 2019 results
Karachi, August 28, 2019: Standard Chartered Bank (Pakistan) Limited today announced its H1 Results for 2019. The Bank performed exceptionally well in H1 2019 and delivered a Profit before tax of PKR12.9 billion. This is 52 percent higher than corresponding period last year. Overall revenue growth was 36 percent, whereas client revenue increased by 25…
BankIslami posts profit after tax of Rs. 581 mln
Karachi, August 28, 2019: The Board of Directors of BankIslami Pakistan Limited has approved the Bank’s financial results for the half year ended June 30, 2019 in their meeting held in Karachi on August 27, 2019. During half year ended June 30, 2019, the Bank generated operating profit before provisions to the tune of Rs….