Pakistan State Oil (PSO) has reached yet another technological milestone by introducing chip-based Smart Cards for customers. These fuel cards are the first of their kind to be launched by any Oil Marketing Company in Pakistan. The formal launch ceremony was organized under the theme of “Your World Just Got Smarter!” at DHA Golf Club, [...]
UBL Funds, under its Smart Investment Plans’ umbrella, has launched the UBL Wealth Builder Plan. The Wealth Builder is designed keeping in mind the need of investors for a lump sum and/or regular contribution plan that builds over time and is ideal for those who are not investment savvy but still want to capitalize on [...]
If its too good to be true – then it probably is. Well, who knows it for real? Just weeks ago, two listed companies including a consumer giant, UniLever Pakistan and Wateen Telecom, departed from Karachi Stock Exchange, hoisting concerns from investors’ community. Why are they leaving the exchange? Is it the worsening security conditions? Stringent [...]
Considering the need for Islamic Financial Institutions (IFIs) and Islamic Capital markets (ICMs) to innovate and operate within the purview of Shariah principles and to ensure that aforesaid organizations’ business dealings are in line with Islamic principles, the Securities and Exchange Commission of Pakistan deemed it necessary to have a central advisory body to guide [...]
MCB Bank (MCB) is in the process to open around 30 more branches across the country apart from planning to launch branches outside Pakistan. This was stated by MCB’s Department Head-Financial Reporting, Tax and Investor Relations Hammad Khalid while giving a presentation about financial performance and future plans of the company in the corporate briefing [...]
Her eyes shining with pride, smile with humility, graceful clothing and a firm posture. That is what I saw when I first entered into the office of Mrs Hina Usmani, who was sitting behind an Apple laptop on her desk, a small cabin with a glass covered wooden desk which was full of files. The [...]
One of the Premier Islamic Bank - Meezan Bank Ltd has recorded a modest 9 per cent growth in its profits of 1st quarter ended 31st March 2013 which increased to Rs 98 Crore compared to Rs. 90 Crore earned in the corresponding period of 2012. The Earnings per Share of the Bank increased to Rs. [...]
Tax experts fear that the lack of coordination between federal and provincial revenue authorities would lead to leakage of due taxes from the national kitty. The Institute of Chartered Accountants of Pakistan (ICAP) officials informed the Federal Board of Revenue (FBR) about the issue of sales tax on services. They said that there would be [...]
The Securities and Exchange Commission of Pakistan (SECP), Thursday, invited public opinion on Draft Companies (Distribution of Specie Dividend) regulations, 2013 (the “draft Regulations”). Companies (Distribution of Specie Dividend) Regulations, 2013 is meant to ensure protection of investors, provide enhanced transparency, and to facilitate companies. SECP stated that ‘Specie dividend’ is a form of dividend [...]
ZONG, one of the country’s fastest growing telecom operator, has launched a brand new postpaid service named BizXcess. The service provides its subscriber a simple communication and connectivity solution through which they can enjoy the best value for money and the right fit for their needs. BizXcess is suitable for individuals seeking convenience of postpaid [...]
