Business
Thar Foundation partners with TEDxIslamkot
Karachi, November 06, 2018: Thar Foundation and Ministry of Education and Culture, Sindh are the proud partners of an independent TEDxIslamkot event in Tharparkar on 14th November 2018. The theme of the event is “Thar Badlay ga Pakistan”. The event will bring together the leading thinkers and doers to share ideas that matter in any…
SBP rejects data hacking of Pakistani banks
′Karachi, Nov 6, 2018: The State Bank of Pakistan (SBP) Tuesday denied reports of data hacking of the banks. “It has been noted with concern news items reporting that the data of most banks has been hacked. SBP categorically rejects such reports. There is no evidence to this effect nor has this information been provided…
Pakistan’s Central Bank profit declined 26 percent in FY18
KARACHI, November 1, 2018: The State Bank of Pakistan’s (SBP) posted a significant decline of some 26 percent during the last fiscal year (FY18) mainly due to rising foreign exchange losses. The SBP on Thursday released its annual performance review for the last fiscal year, which revealed that Pakistan’s central bank’s profit for FY18 witnessed…
Meezan Bank to Provide PKR 5.66 billion Islamic Finance Facility to Hyundai Nishat Motor
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….
Lucky Cement records PKR 2.96 billion for the first quarter ended September 30, 2018
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 /…