Karachi, August 19, 2019: Bank Alfalah Limited (BAFL) announced earnings on Monday for the first half of Current Year (1HCY19) below expectations at Rs 6.5 billion (EPS: PKR 3.63), depicting a YoY uptick of 4 percent. According to Arif Habib Research on a sequential basis (EPS: PKR 1.84) the bank posted a meagre 3 percent QoQ…
Karachi, August 9, 2019: Pakistan received over two billion dollar on account of home remittances during the first month of this fiscal year. Overseas Pakistanis remit US$ 2 billion in the first month of FY20. Overseas Pakistani workers remitted US$ 2039.30 million in the first month (July) of FY20 as compared with US$ 1981.73 million…
The solid increase in profitability for the quarter was largely driven by higher net profits recorded by the Group’s Investment Bank and NBFI platforms, which posted 26 percent and 138 percent Y-o-Y net profit growth, respectively. Cairo, Egypt, August 8, 2019: EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), reported today…
Karachi, August 7, 2019: Jazz, Pakistan’s leading digital communications company, has announced its financial results for the second quarter of 2019. The company has recorded unprecedented total revenue growth of 20.5 percent year on year. In addition to an aggressive digital growth focus from the leadership, several factors have contributed to this solid growth. Jazz’s service revenue increase has been…
Karachi, July 31, 2019: JS Bank has joined hands with Network of Organizations Working for People with Disabilities, Pakistan (NOWPDP). An organization which focuses on inclusion and empowerment of persons with disabilities for the financing of loans under the JS Naya Aghaaz SME Loan program. Through this partnership, JS Bank will work with NOWPDP, to extend…