Allied Bank posts Rs20.118 Billion profit before tax
Allied Bank (ABL) continued its focus towards enriched technological infrastructures and digitally-induced financial offerings assisting in creating sustainable growth and value for the stakeholders. Thereby, contributing in achieving robust financial position with stable profitability. Positive volumetric growth in average earning assets coupled with positive rate variance assisted in 64% increase in mark-up income to reach…
Adil Aziz
CPEC is the future of Pakistan: Zubair Hayat
China Pakistan Economic Corridor (CPEC) is the future of Pakistan, which will bring immense strategic benefits to Pakistan but a national consensus and political will is needed to move forward on the account to the next level. This was stated by Zubair Mahmood Hayat, Former Chairman of the Joint Chiefs of Staff Committee while speaking…
Shell Pakistan to discontinue its aviation operations across Pakistan
The Board of Directors of Shell Pakistan Limited (SPL) announced the Company’s half year results on August 17th, 2022. The Company posted a profit after tax of PKR 7,469 million compared to the profit of PKR 2,153 million made in the same period last year. The encouraging turnaround is mainly driven by improved business performance…
MCB’s Profit BeforeTax increased by 30% for the half year ended June 30, 2022
The Board of Directors of MCB Bank Limited (MCB) in its meeting under the Chairmanship of Mian Mohammad Mansha, on August 17, 2022, reviewed the performance of the Bank and approved the interim financial statements for the half year ended June 30, 2022. The Board of Directors has declared a 2nd interim cash dividend of…
Fatima Fertilizer receives international gold-standard acclaim for best HSE performance
Fatima Fertilizer recently received an international acclaim by the International Fertilizer Association (IFA) through the Green Leaf Award that recognizes outstanding performance in safety, health and environment (SHE) in fertilizer production among the association’s members and is an integral part of its protect & sustain product stewardship initiative. The honor was claimed by Fatima Fertilizer…
PNSC announced the induction of two new vessels in its fleet
Pakistan National Shipping Corporation (PNSC) announced the induction of two new vessels in its fleet, it has emerged that the two expensively acquired vessels were good for only five and a half years while its chairman is refusing to vacate his seat even though a successor has been announced by the prime minister. This was…
Textile exports up by 0.67% in July
The exports of textile commodities increased by 0.67 percent during the first month of the current fiscal year as compared to the corresponding month of last year. The textile exports were recorded at $1,481.021 million in July 2022 against the exports of $1,471.185 million in July 2021, showing growth of 0.67 percent, according to the…
Federal Finance Minister unveiled 4 point agenda to put Pakistan on path of prosperity
Leaders in Islamabad are instrumental in bringing new thoughts and significant perspectives always. They had invited Dr. Miftah Ismail Federal Minister for Finance and Revenue and Sherry Rehman Federal Minister for Climate Change as guests of honor for their 5th edition titled “Imagineering The Future.” The Summit is jointly hosted by Nutshell Group and Martin…
IMF loan disbursement to start by August end: Miftah
Federal Minter for Finance, Miftah Ismail said here on Tuesday that loan disbursements under the Extended Fund Facility (EFF) would start by the end of this month as the International Monetary Fund (IMF) board is expected to meet on August 29. Addressing a press conference, the minister said that Islamabad had received Letter of Intent…
USAID Pakistan will provide $100,000 aid for flood affectees: U.S. Ambassador
United States Ambassador to Pakistan Donald Blome on Tuesday said that the U.S. stands with communities in Pakistan recovering from the devastation caused by severe flooding. In his tweet, he said, “I issued a declaration of humanitarian need, and in response, USAID Pakistan will provide $100,000 to affected populations.” This USAID International Disaster Assistance funding will…