National Investment Trust Limited (NITL), the largest Asset Management Company of Pakistan has declared interim distribution for all Funds under its management for the year ending June 30, 2015. The announcements were made through a press release issued by NITL on June 24, 2015 after its Board of Directors approved the interim distribution for all Funds under its management.
Mr. Wajahat Husain, President & CEO, United Bank Ltd along with
Mr. Abrar Mir, Group Executive, Banking Products, UBL, Mr. Aameer Karachiwalla, COO-UBL and Ms. Maliha Anwer Khan, Head Wealth Management & NRP, UBL have launched bank’s new
innovative product – NRP Banking for non-residenace Pakistani in Karachi yesterday.
Mobilink has become the first Telco to expand its 3G network to 100 cities of Pakistan. The milestone has been achieved in less than a year after the commercial launch of 3G services by Mobilink which is in line with its commitment to focus on the growth of high-speed internet services in Pakistan.
Pakistan’s leading conference producer Terrabizis organizing the first-ever Internal Audit Summit – PIAS 2015 in a local hotel on June 16, 2015. Muhammad Zubair, Minister of State & Chairman, Privatization Commission of Pakistan would be the chief guest, whereas various eminent speakers will also address during the summit.
Karachi Port saw a record handling of containers during the month ending May 2015,which reflects the favourable policies practiced by port authority under the dynamic leadership of Chairman KPT Vice Admiral (R) Shafqat Jawed. The port has registered handling of 160,649 TEUs (Twenty Equivalent Unit) of cumulative imports and exports containers at its two terminals – the Karachi International Container Terminal (KICT) and Pakistan International Container Terminal (PICT) during the month of May surpasses the previous handling of 156,254 TEUs that it handled in the month of January 2015.
Pakistan Tanners Association (PTA) has announced that with the continued
support of Mr. S.M. Muneer, Chief Executive, Trade Development Authority
(TDAP) as well as cooperation and support of all the three leather related
Associations i.e. PLGMEA, PFMA and PGMEA, the Government has granted
exemption of Sales Tax on local supply of raw hides and skins in the Federal
Budget 2015-16, which was announced on 5th June’2015 under Financial Bill
K-Electric released details related to the ongoing Burq campaign which is targeting heavy defaulters and thieves from all pockets of the Karachi city. KE’s team along with the LEA’s has been working round-the-clock to end the menace of electricity theft and has reaped positive results from areas where previously KE’s team could not even enter due to resistance from public and defaulters.
There is an ample scope of Islamic banking and finance in western African region and Senegal can play a vital role in elevating it through the countries. It was spoken by Muhammad Zubair Mughal, Chief Executive Officer AlHuda Centre of Islamic Banking and Economics (CIBE) while attending an international seminar on Takaful that was held at Dakar Senegal.
K-Electric has expressed its pride in announcing that the KE SUKUK issue of PKR 22 billion, including a green shoe option of PKR 2 billion, has been fully subscribed on its launch day. The Sukuk has a tenor of 7 years and is rated AA+ by the JCR-VIS Credit Rating Agency Limited.