Business
PSO’s Profit declines 16 percent in Q1FY19
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…
BankIslami Confirms Cyber Attack on its Debt Card Data
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accounts The bank management has also confirmed TheBizUpdate’s earlier story that approximately $6 million fraud was withdrawn due to this cyber attack.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…
Hackers steal $6 million from BankIslami Pakistan accounts
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…
PAKISTAN STATE OIL’S 42nd ANNUAL GENERAL MEETING HIGHLIGHTS
Karachi, October 19, 2018: Pakistan State Oil Company Limited, the country’s largest oil marketing company, held its 42nd Annual General Meeting (AGM) in Karachi where it shed on light on recent achievements and consistent growth trends in spite of some grave industry challenges. The meeting was chaired by Jahangir Ali Shah, Managing Director & CEO…
Rupee Depreciation; IMC Increases Car Prices
Karachi, October 19, 2018: After assessing the situation, IMC on Tuesday has announced revised prices for vehicles on which bookings will resume from 17th October. Customers who have paid full payment for orders of Oct / Nov will get cars on the same prices as the company will absorb the added cost. However, customers who have…