Engro hosts the 2nd edition of talks@engro on IWD focusing on “Embracing Equity”
As a homegrown Company with a legacy of nearly six decades, Engro is committed to fulfilling its undeniable responsibility to help unleash Pakistan’s potential. The second talks@engro event was held to mark the International Women’s Day (IWD) and inspire positive action towards a more equitable future. The event featured thought leaders, change makers and futurists,…
Adil Aziz
Agriculture credit disbursement up by 28.3% in 7 months
The agriculture credit disbursement increased by 28.3 percent during the first seven months of the current fiscal year as compared to the corresponding period of last year, finance ministry said in a recent report. During July-January (2022-23), the agriculture disbursement stood at Rs.949.9 billion against the disbursement of Rs.740.3 billion during July-January (2021-22), showing a…
e& reports a record 7.4% growth in consolidated net profit to AED 10.0 billion in FY 2022
Board proposes dividend of AED 0.40 per share for H2 2022, representing a total dividend of AED 0.80 per share for FY 2022 e& today announced its consolidated financial results for fiscal year 2022 reporting an impressive growth in consolidated net profit by a record 7.4 per cent to AED 10.0 billion. Consolidated revenues reached…
TPL Insurance (WTO) and Takaful Bazaar Partner to Offer Shariah Compliant Services
TPL Insurance Limited – Window Takaful Operations (WTO), one of the leading insurance providers in Pakistan, has partnered with Takaful Bazaar, an upcoming Takaful digital platform, to offer shariah-compliant services to customers. The partnership aims to promote and offer Shariah Compliant products and smooth the customer handling journey via technology en-ablement. At an exclusive event…
MMBL and CASH1 join hands to boost Financial Inclusion in remote areas
Mobilink Microfinance Bank Ltd. (MMBL) has taken another step towards expanding its reach across Pakistan by partnering with CASH1 – owned by Webdnaworks Private Limited. Webdnaworks is the pioneer of Independent ATM deployment and operations in Pakistan and is the first non-banking entity to get the State Bank of Pakistan’s license of Payment Service Operator…
Pakistan has to give assurances on financing BOP deficit: IMF
Pakistan has completed almost all of the prior actions except for the external financing requirement the IMF wanted it to for clearing US$1.1 billion in disbursements under the US$6.5 billion Extended Fund Facility agreed in 2019. PAKISTAN will be required to give an assurance that its balance of payments (BOP) deficit is fully financed for…
PM, Qatari Amir discuss mutually beneficial cooperation, economic opportunities
Prime Minister Muhammad Shehbaz Sharif and Amir of Qatar Sheikh Tamim bin Hamad Al Thani discussed a wide array of mutually beneficial issues and exchanged views to further strengthen the excellent cooperation between the two countries in diverse fields including in the economic and investment sectors. During a meeting, the prime minister appreciated Qatar’s consistent…
Moody’s downgrades five Pakistani banks; deposit rating outlook changed to stable
Moody’s Investors Service (“Moody’s”) has today downgraded to Caa3 from Caa1 the long-term deposit ratings of five Pakistani banks: Allied Bank Limited (ABL), Habib Bank Ltd. (HBL), MCB Bank Limited (MCB), National Bank of Pakistan (NBP) and United Bank Ltd. (UBL). Moody’s has also downgraded the five banks’ long-term foreign currency Counterparty Risk Ratings (CRRs)…
Open letter to Prime Minister for revival of mobiles manufacturing industry
Former State Minister and Chairman Board of Investment (BoI), Muhammad Azfar Ahsan has sought the government’s intervention to revive the mobile manufacturing industry on a war footing. The industry is threatened with a complete shutdown including the CPEC-based assembling unit, Transsion Tecno Electronics. According to a letter sent to Prime Minister of Pakistan Mian Muhammad…
Agriculture investment symposium held to gather investors, farmers
The agriculture investment symposium was held here to bring together key stakeholders, including investors, policymakers, farmers, development partners, and researchers, to exchange ideas, knowledge, and experiences to drive investment in the agriculture sector. The symposium was attended by more than 300 participants and provided a platform for matchmaking and exploring opportunities for private investors and…