A review of Faysal Bank Limited performance during 20

Faysal Bank Limited (FABL) held its analyst briefing where the management discussed key highlights of CY20 result and shared the progress of the bank relating to conversion into an Islamic bank.

• During CY20, the bank posted net markup income of PKR24,543mn up by 16.2%YoY, non-markup income increased by 14.8%YoY.… Continue

KP government launches Mustahiq APP

The Minister for Zakat & Ushr KP, Mr Anwar Zeb Khan, officially launched the Mustahiq app on Tuesday, 13 April 2021, in Peshawar. The ceremony was convened by Zakat & Social Welfare Department KP. It was attended by Minister for Zakat & Ushr KP, Secretary Zakat & Social Welfare Department and Code For Pakistan representatives.… Continue

ILMA arranged a quality-centric session on Writing and Publishing Research Articles in Academic Journals

ILMA arranged a quality-centric session on Writing and Publishing Research Articles in Academic Journals. This research relevant webinar was led by Dr Jalal Rajeh Mohammad, Assistant Professor Skyline University, UAE, Senior Lecturer at DRB-HICOM University of Automative, Malaysia.

Dr Jalal provided a deep insight into the research article elements that needed to be critically analysed for the best results.… Continue

Pakistan stock performances on Friday

· Market inched up further at the brink of earnings season, with an increase of 241pts during the session and closing +103pts (unadjusted). Financial results of key companies are due in the coming week, which kept the interest alive although trading volumes remained thin.… Continue

BankIslami and TPL Life come together to bring comprehensive COVID coverage for their customers

BankIslami, one of Pakistan’s fastest growing Islamic finance institutions has partnered with TPL Life to offer a consolidated COVID-19 coverage plan for customers. The package is a complete Shariah compliant takaful plan for the entire family with up to PKR 30,000 initial benefits upon diagnosis and further Hospital Cash Assistance for each member under the only COVID Protection Shield available to individuals.… Continue

FFBL will announce 1QCY21 financial results on April 16, 2021

FFBL will announce 1QCY21 financial results on April 16, 2021, we expect the company is likely to report a net profit of PKR1,143mn (EPS 0.89) as compared to the loss of PKR 3,084mn (LPS of PKR2.36/share in 1QCY20.

Sales revenue of the company is expected to up by 28%YoY to PKR12,192mn due to an increase in DAP off-take and Prices.… Continue

PSX index remains range bond today

· Market traded in a narrow range today between +136pts and -136pts, closing the session -46pts (unadjusted). Total traded volumes maintained a plateau with a general disinterest by investors disregarding the overnight increase in international crude oil prices and upcoming financial results due to be announced from April 20th.… Continue