Karachi, 1st November 2018: Meezan Bank, Pakistan’s first and largest Islamic bank and Hyundai Nishat Motor (Private) Limited – a joint venture among three leading international business; Nishat Group, Sojitz Corporation (Japan) and Millat Tractors Ltd., have recently signed an agreement for PKR 5.66 billion Islamic Finance Facility. The signing ceremony, held in Dubai, was attended by Mr….
Karachi, October 29, 2018: On a consolidated basis, Lucky Cement Limited reported net profit after tax of PKR 2.96 billion after taking out PKR 0.21 billion attributable to non-controlling interests for the first quarter ended September 30, 2018, which translates into earnings per share (EPS) of PKR 9.14 / share as compared to PKR 11.90 /…
KARACHI, October 29, 2018: Profit after tax (PAT) of Pakistan State Oil (PSO) declined by some 16 percent during the first quarter of this fiscal year (FY19) compared to same period of last fiscal year (FY18). The country’s flagship oil marketing company has reported a PAT of Rs. 4.2 billion in Q1FY19 versus Rs 5.02…
Karachi, October 30, 2018: Pakistan’s one of the leading shariah compliant bank-BankIslami Limited Monday confirmed cyber attack on its Debt Card Data base. Hackers steal $6 million from BankIslami Pakistan accounts The bank management has also confirmed TheBizUpdate’s earlier story that approximately $6 million fraud was withdrawn due to this cyber attack. According to an information…
Islamabad, October 29, 2018: International cyber hackers stole about $6 million from the Pakistan’s BankIslami Limited customers’ accounts through simultaneous withdrawal over the weekend. The amount in Pak Rupee is estimated approximately Rs 800 million. BankIslami Confirms Cyber Attack on its Debt Card Data BankIslami has temporarily blocked all its payments cards for inside and…