Karachi, Nov 01, 2018: First of its kind initiative by a Pakistan origin American to establish private International Cricket Centered Multi-Sports Complex in Houston will provide hundreds of jobs to skilled Pakistanis and promote bilateral trade, and business opportunities between USA and Pakistan. Managing Partner and President ICCMC & America Pakistan Business Forum Nawaid has…
Pakistan’s new government has finally gotten relief by securing a soft loan from Saudi Arabia, which will buy enough time for policies to be implemented which can direct the economy out of the deficit crunch. The policies that we need to focus on are industrialization and exporting policies. It’s time to gear up our industries…
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accounts The bank management has also confirmed TheBizUpdate’s earlier story that approximately $6 million fraud was withdrawn due to this cyber attack.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…