Business
Shell Pakistan hosts 10th Tameer Awards to honour young Pakistani innovators
Karachi, November 03, 2023: Shell Pakistan Limited hosted the finale of the 10th Tameer Awards 2023 at Shell House to recognize the brightest, young entrepreneurs in Pakistan. This year, more than 400 applications were received for the awards program, and 30 finalists were shortlisted in six award categories. The event was attended by business leaders,…
Security Papers Limited achieved 74pc profit growth in Q1 FY 2023-24
Karachi, November 03, 2023: After a 110% dividend in FY 2022-23, Security Papers Limited (SPL) announced its financial results for the first quarter of the financial year 2023-24, ending September 30, 2023, recording a 74% growth in after-tax profit versus the same period last year and a substantial Rs. 2.62 increase in the earnings per…
Mobilink Bank witnesses a 38pc growth in lending to MSMEs
Islamabad, November 03, 2023: Mobilink Bank exhibited significant growth in the first three quarters of 2023, as evidenced by the Q3 financial statements. This milestone highlights the Bank’s dedication to supporting Micro, Small, and Medium-Sized Enterprises (MSMEs), supported by substantial deposit growth and improvements on multiple indicators. Mobilink Bank’s Q3 2023 growth trajectory exemplifies its…
Gold prices surge in Pakistan
Karachi, November 03, 2023: The gold rates moved up in Pakistan as per tola price witnessed an increase of Rs1100 in the domestic market. The price of the precious yellow metal of 24 karat increased by Rs1100 to settle at Rs214,400 per tola in Pakistan, the association said. Likewise, the rate of 10 grams of…
IMARAT Plans Pakistan’s Biggest REIT
Islamabad, November 01, 2023 : IMARAT Group, the leading real estate developer in Pakistan, is pleased to announce the establishment of a Real Estate Investment Trust (REIT) management company (RMC). This is a precursor to IMARAT’s launching its own REIT next year. The newly established REIT management company will initially incorporate four projects from IMARAT…