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
SBP About to Complete Probe Into Banks Involved in Dollar Manipulation
State Bank of Pakistan (SBP) is close to completing its investigations of eight banks that were allegedly involved in the… Read More
JS Bank Gets Nod to Acquire Additional 7.7% Stake in BankIslami
The State Bank of Pakistan (SBP) has granted approval to JS Bank for acquiring a 7.7 percent shareholding in BankIslami… Read More
WorldCall Plans to Raise Funds Through Listing On Nasdaq
The parent company of WorldCall Telecom Limited, WorldCall Services Limited has planned to raise funds through its listing on the… Read More
Islamic Banking Industry’s Assets Surge to Rs. 6.8 Trillion
Pakistan’s Islamic banking industry is consistently growing, beating the odds of the economic slowdown, as it witnessed an all-time high… Read More
Gul Ahmed Textile Records Highest Ever Profit of Over Rs. 9 Billion in FY22
Gul Ahmed Ltd. recorded an all-time high consolidated profit during the fiscal year that ended on June 30th, 2022 (FY22).… Read More
NETSOL Posts a Massive 377% Increase in Profits in FY22
NETSOL Technologies has reported a massive profit of Rs. 913 million in the outgoing financial year 2021-2022 which is 377… Read More
Interloop Launches $100 Million Master Project to Increase Capacity
Pakistan’s leading textile company, Interloop Limited has launched a master project with a capital outlay of $100 million for upscaling… Read More
HBL Completes Takeover of its Foreign Subsidiary
Habib Bank Limited has acquired a 9.50 percent stake in Habib Allied Holding Limited (HAHL) at the cost of Rs.… Read More
PSX Lists Rs. 2.1 Billion Sukuk Certificates of TPL Corporation
Pakistan Stock Exchange (PSX) notified the listing of Privately Placed, Rated, and Secured Sukuk Certificates (SCs) of Rs. 2.190 billion… Read More
