Karachi, June 12, 2020: Growing from strength to strength, JS Bank reported profit before tax of PKR 628.5 million for the quarter ended March 31, 2020 as compared to profit before tax of PKR 54.7 million over the corresponding period last year, an incredible 1000 percent increase. Profitability showed a marked increase primarily due to…
Karachi, May 20, 2020: Daraz and HBL have signed a strategic partnership agreement to enable the growth of Small and Medium Enterprises (SMEs) by inviting SMEs to set up online shops on Daraz, and avail HBL’s extensive banking solutions to meet their financial needs. HBL is Pakistan’s largest bank and a leader in the SME…
These may be uncertain times for the travel industry but that hasn’t deterred Pakistan International Airlines (PIA) from making Amadeus its mainstay long-term partner in travel distribution. Karachi, May 06, 2020: Pakistan International Airlines (PIA) has reached a landmark agreement in distribution with Amadeus, giving PIA full access to Amadeus’ global travel seller network. Through…
Karachi, April 22, 2020: The Board of Directors of MCB Bank Limited (MCB) met under the Chairmanship of Mian Mohammad Mansha, on April 22, 2020 to review the performance of the Bank and approve the condensed interim financial statements for the first quarter ended March 31, 2020. The Bank has declared first interim cash dividend…
Karachi, April 14, 2020: The State Bank of Pakistan today released its Second Quarterly Report for FY20 on the State of Pakistan’s Economy. According to the report, the stabilization efforts and regulatory measures yielded notable improvements during the first half of FY20. The current account deficit contracted to a six-year low, foreign exchange reserves increased,…