Karachi, 23rd May, 2018: The Pakistan Credit Rating Agency (PACRA) has maintained Pak-Qatar General Takaful Limited an ‘Insurer Financial Strength (IFS) Rating’ of ‘A’. This rating has been maintained since PQGTL’s initial rating in 2016. PQGTL’s Future Outlook has also remained constant at ‘Stable’. As per PACRA’s Report; Pak-Qatar being an early entrant in
Karachi, 21st May, 2018: The 38th meeting of Meezan Bank’s Shariah Supervisory Board (SSB) was recently held at Darul Uloom, Karachi under the Chairmanship of Justice (Retd.) Muhammad Taqi Usmani, along with other members of the Shariah Supervisory Board; Sheikh Esam Mohamed Ishaq and Dr. Muhammad Imran Ashraf Usmani. Meezan Bank’s Founding President and
Karachi, Friday 4th May 2018: Meezan Bank, Pakistan’s first and largest Islamic bank and Institute of Business Management (IoBM), Karachi recently signed a Memorandum of Understanding to facilitate capacity building in the country’s Small and Medium Enterprises (SME) sector. The MoU highlights a collaborative framework for launching specialized MBA Program in ‘SME Banking & Entrepreneurship’.
Karachi, 26th April, 2018: Meezan Bank, Pakistan’s first and largest Islamic bank, has now become the first Islamic Bank in the country to comply with Central Depository Company (CDC) Regulations regarding Centralized Cash Dividend Register as issued by the Securities and Exchange Commission of Pakistan (SECP). The Bank is therefore among the first in the
Karachi, April 26, 2018: Lucky Cement Limited reported net profit of PKR 9.80 billion for the nine months ended March 31, 2018 which is 6.0% lower as compared to the same period last year. Consequently, the earnings per share (EPS) for the nine months was recorded at PKR 30.31 compared to PKR 32.23 reported during
Karachi, April 23: Pak-Qatar Takaful Group has registered an immense growth during the preceding year with an aggregate turnover of around Rs. 9.0 billion. The Group posted a net profit after tax of Pak-Rs. 133 million during the year ended 31-December-2017, while its participant Takaful Fund generated the net consolidated surplus of Pak-Rs. 116 million.
Karachi, April 25, 2018: In order to further facilitate investors, CDC has started sending Dividend report (dividend counterfoil) to shareholders through email. The shareholders are going to receive their Dividend / Zakat & Tax Deduction Report via email once data pertaining to dividend disbursement by listed companies has been uploaded by respective Share Registrar on
The Board of Directors of MCB Bank Limited met under the Chairmanship of Mian Mohammad Mansha, on April 25, 2018 to review the performance of the Bank and approve the financial statements for the three months period ended March 31, 2018. During the three months period, MCB Bank Limited reported Profit Before Tax (PBT) of
Karachi, 18th April, 2018: Meezan Bank, Pakistan’s first and largest Islamic bank & FetchSky, a Pakistan based information technology services provider, recently signed an agreement to integrate FetchSky’s Peekaboo Connect platform to transform the way Bank’s discounts and promotions are presented to customers. Through this facility, which will be integrated on the Bank’s website,
[Karachi: 21st April 2018] MCB Bank Ltd, one of Pakistan’s largest private sector banks, has entered into an agreement with one of the country’s largest logistics services providers TCS Pvt. Ltd. for mutually beneficial services. With the collaboration, MCB customers will gain access to affordable holiday packages to premium destinations worldwide through TCS Intiana Travel