Bank Alfalah’s 25th Annual General Meeting (AGM) was held in Karachi on Tuesday, where the Bank’s shareholders approved the financial results for the year ended 31 December 2016, with the Bank registering Profit after tax of Rs. 7.900 Billion in December 2016 as against Rs.… Read the rest “Bank Alfalah posts EPS of Rs. 4.96, improving 4.8 percent YoY basis”
President of Federation of Pakistan Chambers of Commerce & Industry Zubair F. Tufail has appointed Ghazanfar Ali Khan as Chairman of FPCCI’s Standing Committee on Pakistan Vietnam Business Council (PVBC) for the year of 20017.
In the notification it is also said that Ghazanfar Ali Khan, MD Mehran Commercial Enterprise was serving on this slot since four years and had performed tremendously.… Read the rest “”
Pakistan main sea port – Karachi Port Trust (KPT) has categorically stated that there is no cargo congestion at port and there is no justification to impose surges. The port authority has taken this note following apprehension shown by Pakistan International Freight Forwarders Association (PIFFA) and Federation of Pakistan Chambers of Commerce & Industries intimated that Shipping Lines have planned to impose Port Congestion Surcharge on import consignments arriving at Karachi Port’s private terminals (KICT & PICT).… Read the rest “No congestion at port: KPT”
Pakistan Leather Industry pavilion at Hong Kong was inaugurated by Chief Executive, Trade Development Authority of Pakistan, Mr. S.M, Muneer, as Chief Guest alongwith Mr. Abdul Qadir Memon, Consul General, Consulate General of Pakistan, Hongkong, which was also attended by Mr.… Read the rest “Chief executive, TDAP inaugurates Pakistan pavilion at Hong Kong”
State Bank of Pakistan in their statement today recalled that Government of Pakistan launched National Debt Retirement Program (NDRP) with a view to discharge the ever increasing national debt liabilities. Amounts in NDRP were to be accepted from an individual, firm, company, body and institutions etc.… Read the rest “National Debt Retirement Program-Repayment of Deposits under NDRP-II”
Mr. Alamgir Firoz, Chairman Standing Committee on Diplomatic Affairs along with Mr. Gulzar Firoz Chairman Standing Committee on Environment and members of Pakistan-Germany Business Council of FPCCI welcomed Mr. Carsten Muller, Head of Mission of the German Consulate on his visit to Federation House Karachi.… Read the rest “Head of Mission of the German Consulate visits FPCCI”
The Executive Board of the National Highway Authority has approved the project for widening and up-gradation of Jaglot-Skardu strategic road during a meeting held at NHA head office today with Chairman Shahid Ashraf Tarar in the chair. The meeting was informed that 164 km road will be completed at a cost of Rs.… Read the rest “NHA executive board approves widening and up gradation of JAGLOT-SKARDU road”
ernor State Bank of Pakistan (SBP) Ashraf Mahmood Wathra has assured that SBP will look into the possibility of reviving SBP-KCCI Import Export Committee as the Karachi Chamber, being the most important chamber of Pakistan represents the largest city and plays a vital role in the economic activities of Pakistan.
Pak-Qatar Takaful Group has posted a net profit after tax of Pakistan Rupees 123 million in 2016. The Group’s Takaful funds also recorded the aggregate net surplus of Pakistan Rupees 196 million during the period that ended on December 2016, the company said after a recent meeting of its Board of Directors in Doha.… Read the rest “Pak-Qatar Takaful Group Posts Rs. 123 million net profit in 2016”
Khushhali Microfinance Bank has announced that they have signed an agreement to acquire the leading Core Banking System by Temenos (the software specialist for banking and finance). The system will be implemented by National Data Consultant (NDC) a specialized Fintech solution provider and Temenos Certified Partner in the MEA region.… Read the rest “Khushhali Microfinance Bank to overhaul Core Banking and Digital Platform with Temenos & NDC”