Askari Bank posts record Profiton February 15, 2020Askari Bank announced its results for 2019 showing highest-ever profit of Rs. 7.03 billion, a 59% percent increase from last year. EPS for 2019 is reported at Rs. 5.58 compared to Rs. 3.51 last year. The Bank also announced a cash dividend of Rs. 1.5 per share that is 50% higher than last year. The […]
TAL JV to help rehabilitate Gurguri-Banda Daud Shah Roadon February 14, 2020The joint venture (JV) partners of TAL Block would provide financial assistance of Rs 400 million to the provincial government for repair and rehabilitation of a 40km operational road between Gurguri and Banda Daud Shah. An MoU was signed between the government of Khyber Pakhtunkhwa and the JV partners of TAL Block here at Chief […]
ICMA signs MoU with BZUon February 14, 2020Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) and the BahauddinZakariya University (BZU), entered into a Memorandum of Understanding. Vice Chancellor Prof. Dr. Mansoor Akbar Kundi (BZU) hosted the ceremony at BZU in Multan. President, ICMA Pakistan, Mr. Zia ul Mustafa, thanked Vice Chancellor Prof. Dr. Mansoor Akbar Kundi for his efforts in […]
Dr M Azeem Khan visits PARC-SARC Karachion February 14, 2020Dr. Muhammad Azeem Khan, Chairman, PARC and Dr. Attaullah Khan, Director General SARC, visited CDRI. Dr. Nasreen Sultana, Director CDRI, the officers and staff at CDRI gave warm welcome to Chairman PARC. The Chairman PARC visited experimental field at CDRI and was briefed about the wheat trial by Mr. Khalil Khanzada, SSO at CDRI. Chairman […]
Soneri Bank announces year-end results for 2019on February 14, 2020The Board of Directors of Soneri Bank Limited, in their 175th meeting held in Lahore on 13th February 2020, approved the Bank’s financial statements for the year ended 31 December 2019. The Bank posted profit before tax (PBT) of Rs. 3,247 million and profit after tax (PAT) of Rs. 1,906 million in the year 2019, […]
UBL’s Compliance Group first in Pakistan to become ISO 9001:2015 certifiedon February 12, 2020UBL has become the first bank in Pakistan whose Compliance Group has been assessed by SGS Pakistan and certified as meeting the requirements of ISO 9001:2015 Quality Management System Certification which is accredited by UKAS. This distinct accolade has been achieved by UBL’s Compliance Group under the scope of ‘provision of compliance risk oversight and […]
Social media flooded with fake information regarding gas billson February 12, 2020In the greater interest of the consumers, Sui Northern Gas has clarified that the consumers are being misled through messages on the social media and WhatsApp. An SNGPL spokesperson said that the advertisement issued by the Company shows estimated gas bills under various slabs only. These estimated amounts are wrongly attributed as slab rate by […]
Askari Bank signs MoU with NADRAon February 12, 2020Askari Bank Limited and National Database & Registration Authority (NADRA) have signed a Memorandum of Understanding through which Askari Bank will offer consumer products to the employees of NADRA at competitive mark-up rates across the country. The MoU was signed by Syed Taha Afzal, Head of Consumer Banking, Askari Bank, and Lt. Col (R) Muhammad […]
HUBCO-FFC’s 330MW Thar Energy Limited reaches financial closeon February 12, 2020Thar Energy Limited (TEL), a subsidiary of Pakistan’s largest Independent Power Producer, The Hub Power Company Limited (Hubco) has reached its Financial Close. HUBCO in collaboration with Fauji Fertilizer Company Limited (FFC) established Thar Energy Limited (TEL), to set up a 330MW mine-mouth lignite-fired power Plant, one of the first power project to utilize the […]
FBR holds event to create awareness about POSon February 11, 2020Federal Board of Revenue has organised an event at Packages Mall, Lahore to create awareness among people about the Point of Sale (POS – Linked Invoicing System) of FBR. The objective of this event was to apprise the people and the retailers about the installation and utility of Point of Sales machines at big retail […]