Pakistan Oilfields along with partner operators has commenced the production of oil and gas from Tolanj West, Kohat District before… Read More
U Bank’s Profit Surpasses Rs. 1 Billion in 9 Months of 2022
U Microfinance Bank maintained its profitability spree in the current year as its profit surpassed Rs. 1 billion in the… Read More
SBP Hammers 6 Banks with Penalties of Rs. 290 Million Over Non-Compliance
State Bank of Pakistan (SBP) has imposed penalties to the tune of Rs. 290.3 million on six different banks in… Read More
Fauji Cement Adds New Production Unit to Increase Cement Production
Fauji Cement Company Limited has added successfully a new production unit of clinker to enhance its cement production to 8.4… Read More
Hum Network Eyes Acquisition of Ten Sports and Sphere Ventures
Hum Network’s board of directors has given its green signal to the company’s management to explore the feasibility of a… Read More
UBL Profits Drop By 18% to Rs. 18.6 Billion in 9 Months of 2022
United Bank Limited (UBL) has reported a decline of 18 percent or Rs. 4 billion in profit for nine months… Read More
Karachi Will Have An IT University: AlKhidmat Chief Vows
President AlKhidmat Foundation – Karachi Hafiz Naeem-ur-Rahman vowed that an IT university would be established in Karachi for promoting skilled-based… Read More
Askari Bank Posts Highest Ever Profit of Rs. 10.7 Billion in a 9-Month Period
Askari Bank Limited has achieved the highest-ever profit of Rs. 10.7 billion in the nine-month period that ended September 30,… Read More
SBP Identifies 5 Highways as Assets for Sukuk Issues
The State Bank of Pakistan (SBP) has structured five different highways under National High Authority (NHA) as assets to raise… Read More
Profitability of Islamic Banks Up by 70% In First Half of 2022
The Islamic banking industry witnessed handsome growth in profitability, as its pre-tax profit increased to Rs. 73.4 billion by the… Read More
HBL Claims Increasing Retirement Age Will Not Affect Costs
Habib Bank Limited (HBL) has enhanced the maximum age limit for its staff from 60 years to 65 years aimed… Read More
Avanceon Limited to Acquire Dawood Hercules’ Subsidiary
Avanceon Limited has planned to acquire a 100 percent stake in a subsidiary of Dawood Hercules, EmpiricAI (Pvt) Limited, through… Read More