Karachi, February 15, 2020: During a speech at the Pakistan Energy Reform conference in Islamabad today the CEO of Engro Elengy Terminal Ltd (EETL) Jahangir Piracha announced the signature of heads of agreement (HOA) with Excelerate and with Shell for the expansion of the Elengy Terminal in Port Qasim. The EETL terminal is a joint…
Karachi, February 14, 2020: Naya Nazimabad Management has denied all allegations and termed the act of Deputy Commissioner West as contempt of court, which has already granted stay in favor of Naya Nazimabad. This has reference to several letters, purportedly, issued by DC West to different government departments, agencies and banks making rounds on social…
Karachi, February 14, 2020: Pakistan has made considerable progress in the last few months in advancing reforms and continuing with sound economic policies. According to a Statement issued by IMF at the Conclusion of the IMF Mission to Pakistan, all end-December performance criteria were met, and structural benchmarks have been completed. Steadfast progress on program…
Karachi, February 14, 2020: The government has reported a fiscal deficit of 2.3 percent of GDP in first half of this fiscal year (1HFY20) compared to a fiscal deficit of 2.7 percent of GDP in same period of last fiscal year (1HFY19). Importantly though, the primary balance during the period clocked in at 0.7 percent…
Karachi, February 14, 2020: The Board of Directors of Meezan Bank Limited in its meeting, held at Karachi on February 12, 2020 approved the audited unconsolidated financial statements of the Bank and its consolidated financial statements for the year ended on December 31, 2019. The meeting was presided by Mr. Riyadh S.A. A. Edrees –…