All Posts by Nabila Mujtaba
MCB Bank to Spread Branches Inside and Outside Pakistan
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...
Meezan Bank Made 98 Crore in first Quarter of 2013
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. 0.98 (March 2012: Rs.0.90) on the enhanced share capital...
Lucky Enough Already: Lucky Cement Posted 700 Crore Profit
According to results announced on Monday - Lucky Cement posted yearly increase of 49 percent in profit to Rs 700 Crore in nine months of current Fiscal Year (FY) as against of Rs 470 Crore in the same period last FY – beating all analysts’ expectations. The staggering profits translates into Earnings per Share (EPS) of Rs 21.59 in nine...
MCB Bank Rocked the first Quarter of 2013 with 867 Crore
Despite the challenging operating environment, MCB Bank manages to post the highest ever quarterly profit in its corporate history of Rs 867 Crore and declared cash dividend of Rs 3.5 for the first quarter ended March 31, 2013. Board of Directors of MCB Bank met under the chairmanship of Mian Mohammad Mansha to review the performance of the Bank for...
Habib Bank Entered into Strategic Partnership with Chevron Pakistan
Habib Bank Limited (HBL), one of the largest Pakistani bank, entered into a strategic alliance with Chevron Pakistan Limited during a ceremony held at the HBL Head Office in Karachi. As per the agreement, HBL would provide ATM facility to customers at selected Chevron fuel stations countrywide. The agreement was signed by HBL President and CEO, Nauman...
UBL Omni and Orix Leasing Signed an Agreement
ORIX Leasing Pakistan Limited (OLP) and UBL Omni have signed an agreement to facilitate the customers of Orix Leasing in repayments of their finance facility through UBL Omni shops. The agreement signing ceremony was held at UBL’s head office with representatives from both organizations present at the event. Aameer Karachiwalla, Group Executive...
MCB Bank and Hashoo Group Join Hands
Two Industry giants MCB Bank and Hashoo Group has signed a Memorandum of Understanding (MoU) to provide exclusive facilities to its privileged customers at hotels across the country. According to the MoU signed by MCB Bank Limited Head of Alliances Sohail Malik and Hashoo Group’s Hotel One (Pvt) Limited Director Sales and Marketing Musharraf Riaz,...
SECP Issues Show Cause and Warning Letters to Insurance Companies
The Securities and Exchange Commission of Pakistan (SECP) has issued seven show-cause notices and three warning letters to various insurance/ takaful companies for failing to comply with corporate laws, insurance laws and accounting standards and regulations. The Commission has also passed two order under section 130(2) of Insurance Ordinance, 2000. These...
Mission Impossible II: ICAP Join Hands with LUMS After IBA
Pakistan’s leading accountancy body and accountancy regulator – Institute of Chartered Accountants of Pakistan (ICAP), has entered into a Memorandum of Understanding (MOU) with the top business school, Lahore University of Management Sciences (LUMS), on Wednesday 3rd April. In accordance with this MOU, the graduates of BSc (Honours) Accounting...
ACCA Pakistan Adds 250 New Members in 2012
On the eve of 27 March 2013, ACCA employers, Learning partners and workplace mentors gathered to celebrate the achievement of more than 250 new members that had reached the ACCA membership landmark in 2012. The ceremony was held at Dome Hall, Royal Palm Lahore. The ceremony was graced by the presence of many distinguished guests who were representing...
