Business
Bank Alfalah posts slow profitability growth
Karachi, August 19, 2019: Bank Alfalah Limited (BAFL) announced earnings on Monday for the first half of Current Year (1HCY19) below expectations at Rs 6.5 billion (EPS: PKR 3.63), depicting a YoY uptick of 4 percent. According to Arif Habib Research on a sequential basis (EPS: PKR 1.84) the bank posted a meagre 3 percent QoQ…
Pavilion end club pays homage to Pakistan
Karachi, August 19, 2019: On Saturday, Aug 17th, the management of Pavilion End Club organized a festive ceremony to celebrate Independence Day to rekindle the flame of patriotism in the youth. Members of the Club also participated in flag hoisting, cake cutting and other events highlighting the struggle of independence to create awareness among the youth…
Strict action against TV/Internet wires on electricity poles from 19 Aug: KE
Karachi, August 18, 2019: In view of the potential hazard posed due to illegal use of KE’s infrastructure by Internet / TV cables, streetlight switches and “kundas”, as per initial findings of ongoing investigations, the power utility will be taking strict action against all such interferences from August 19, 2019, and has already issued a…
Govt releases Rs 15.4 bln for development projects
Islamabad, August 18, 2019: The federal government has so far released Rs 15.4 billion for various ongoing and new social sector uplift projects under its Public Sector Development Programme (PSDP) 2019-20, as against the total allocation of Rs 701 billion. Under its development program, the government has released an amount of Rs 10.2 billion for…
Hubco declares COD for its Chinese joint venture CPHGC
Karachi, August 18, 2019: China Power Hub Generation Company (CPHGC) – a joint venture between The Hub Power Company Ltd. (HUBCO) and China Power International Holding – has successfully declared the Commercial Operations Date (COD) of its 1320mega watt imported coal power plant and integrated jetty with coal transshipment capacity of 4.2 MTPA. Developed in record…