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  • Atlas Honda unveils Rs1.7bln investment plan to expand production capacity

    May 1, 2018 12:00 AM 10

    KARACHI: Motorcycle manufacturer Atlas Honda on Monday announced more than Rs1.7 billion in investment to expand its production capacity on growing demand of two-wheelers in the country. “Atlas Honda Limited, a joint venture of Atlas Group and Honda Motor Company, is pleased to announce an investment plan for the expansion of its motorcycle operations

  • Engro Foods wins Commonwealth Company of the Year Award

    April 29, 2018 12:00 AM 11

    Karachi: Engro Foods from Pakistan has been awarded the Commonwealth Company of the Year Award from the Commonwealth Businesswomen’s Network. The award recognises a company that has had a significant impact on women’s economic empowerment in the organisation and the wider community. The Award was made during the Commonwealth Heads of Government Meeting

  • Will oil prices finally give teeth to inflation’s bite?

    April 29, 2018 12:00 AM 13

    LONDON: The year 2018 was supposed to be the year inflation bared its teeth, finally emerging after years of unprecedented stimulus in a booming global economy. The Fed is well down the path of normalizing policy, with other central banks about to follow. And right on cue, the prices of oil and other commodities are accelerating sharply. But the latest

  • Silkbank maintains growth momentum: profit before tax up by 87pc in Q1 to Rs401 million

    April 28, 2018 12:00 AM 16

    The Board of Directors of Silkbank Limited, in its meeting held on April 26, 2018, reviewed the performance of the Bank and approved the financial statements for the first quarter ended March 31st, 2018. The Bank has posted a Profit before Tax of Rs. 401 million and Profit after Tax of Rs. 260 million. This translates into a growth of 87% and 91%, respectively

  • METRO celebrates business in Pakistan

    April 28, 2018 12:00 AM 13

    KARACHI: METRO Cash and Carry Pakistan along with its valued customers celebrated its 12th anniversary at all stores across Pakistan, a statement said on Friday. The occasion was celebrated for over a month at all stores, also provided its customers opportunity to win thousands of prizes in the form of electronic goods, in collaboration with ChanghongRuba

  • Habib Metropolitan appoints new CEO

    April 27, 2018 12:00 AM 12

    KARACHI: Habib Metropolitan Bank has appointed Mohsin A Nathani as president and chief executive officer of the bank with effect from April 23, a statement said on Thursday. Nathani is a seasoned senior banker with over 25 years of experience, covering Asia (East and South East), Middle East and Levant regions. He has also served as head of operations

  • PPL commissions well in record time

    April 27, 2018 12:00 AM 13

    KARACHI: Pakistan Petroleum Limited (PPL), operator of Adhi Field, together with its joint venture partners Oil and Gas Development Company Limited (OGDCL) and Pakistan Oilfields Limited (POL) commenced first oil production from well Adhi South X-1, a statement said. After discovery and subsequent rig release, construction work was carried out to tie in the well to Adhi LPG/NGL

  • Sri Lanka records slowest growth in 16 years

    April 27, 2018 12:00 AM 16

    Colombo: Sri Lanka´s economy grew at its slowest pace in 16 years to expand at a worse-than-expected 3.1 percent last year, the central bank announced Thursday. The bank had expected the economy to grow at 5.0 percent in 2017, but a drought and floods dragged down growth. At least 213 people were killed in the May 2017 rains that triggered over a dozen

  • Jubilee Life again teams up with CfC

    April 26, 2018 12:00 AM 9

    KARACHI: Jubilee Life, Pakistan’s leading life insurance provider, has once again partnered with Charter for Compassion (CfC) for their “Collaborative Libraries” project for the academic year May 2018–May 2019, a statement said on Wednesday. Jubilee Life’s collaboration with CfC began in 2016 and has facilitated setting up school libraries across various

  • SECP registers Al Hilal as first Shariah advisory company

    April 25, 2018 12:00 AM 11

    KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has registered Al Hilal Shariah Advisors (Pvt) Limited as the first Shariah advisory company in Pakistan under the Shariah Advisory Regulations 2017, a statement said on Tuesday. Al Hilal Shariah Advisors (Pvt) Limited became the first Shariah advisory company in the country, providing