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Print - 2018-05-24
LCCI for including leading businessmen in interim setup

LCCI for including leading businessmen in interim setup

Lahore Chamber of Commerce and Industry has said that leading businessmen and experienced economists must be a part of the interim government to ensure economic integrity. Economy is in a sensitive mode and interim government cannot afford to run without
Published 24 May, 2018 12:00am
Careem partners with TCF

Careem partners with TCF

According to the National Education Management Information System (NEMIS), more than 22 million children in Pakistan have never seen the inside of a classroom. This leaves them destined to a cycle of illiteracy, poverty and street life. Careem has decided
Published 24 May, 2018 12:00am
Punjab's mega projects role model for others: CM

Punjab's mega projects role model for others: CM

President PML-N and Punjab Chief Minister Muhammad Shahbaz Sharif has said that mega projects of Punjab province have become the role model for other provinces. While talking to assembly members, representatives of local bodies and PML-N leaders, Shahbaz
Published 24 May, 2018 12:00am
Political parties urged to make their economic agenda public

Political parties urged to make their economic agenda public

Progressive Group in the Lahore Chamber of Commerce & Industry has called upon the political parties to make their economic agenda public because the next general elections are around the corner. Progressive Group President Khalid Usman and LCCI Executive
Published 24 May, 2018 12:00am
Pakistan capable of competing with India in all fields: Shahbaz

Pakistan capable of competing with India in all fields: Shahbaz

Punjab Chief Minister Muhammad Shehbaz Sharif Wednesday said that people are afraid of NAB's rod and some of them have even stopped working. Talking to media during his visit to the Pakistan Kidney & Liver Transplant Institute (PKLI), Shehbaz said, "NAB s
Published 24 May, 2018 12:00am
Dr Qadeer opens Roots Millennium School's Kingston campus

Dr Qadeer opens Roots Millennium School's Kingston campus

Renowned Pakistani nuclear scientist Dr Abdul Qadeer Khan here on Tuesday inaugurated Roots Millennium School's Kingston Campus at Sector G-15/4, Islamabad. Chief guest Dr A Q Khan also known as Mohsin-e-Pakistan was welcomed very warmly by Chief Executiv
Published 24 May, 2018 12:00am
Ahsan inaugurates NCRA at NUST

Ahsan inaugurates NCRA at NUST

Federal Minister for Planning and Development, Ahsan Iqbal on Wednesday inaugurated National Centre of Robotics & Automation (NCRA) at College of Electrical & Mechanical Engineering, National University of Sciences and Technology (NUST).
Published 24 May, 2018 12:00am
Bosan optimistic about cotton crop's prospects
Cotton

Bosan optimistic about cotton crop's prospects

Federal Minister for National Food Security and Research Sikander Hayat Bosan chaired the 86th meeting of all Pakistan Central Committee held at Ministry of National Food Security and Research. Before devolution this committee was dealt under Ministry of
Published 24 May, 2018 12:00am
Fata to be merged with KP in the best interest of tribesmen: PM

Fata to be merged with KP in the best interest of tribesmen: PM

Prime Minister Shahid Khaqan Abbasi Wednesday said FATA will be merged with Khyber Pakhtunkhwa in the best interest of the tribesmen and the country. He said a long process including financial and administrative matters has been initiated by the governmen
Published 24 May, 2018 12:00am
WUS syndicate approves Rs 544.29 million budget for 2018-19

WUS syndicate approves Rs 544.29 million budget for 2018-19

Syndicate of Women University Swabi (WUS) has approved Rs 544.29 million budget for year 2018-19 during its meeting held at the university campus in district Swabi on Wednesday. This was stated by the officials of the university after attending the meetin
Published 24 May, 2018 12:00am
KPRA accuses FBR of misleading centre about revenue collection

KPRA accuses FBR of misleading centre about revenue collection

Khyber Pakhtunkhwa Revenue Authority (KPRA) has said that the Federal Board of Revenue (FBR) is trying to mislead the Federal Government by presenting fake amount of revenue collection in current fiscal year. In the current fiscal year FBR is bound to pay
Published 24 May, 2018 12:00am
MMA completes district-wise organisation in KP

MMA completes district-wise organisation in KP

Secretary Information Mutahida Majlis-e-Amal (MMA) Khyber Pakhtunkhwa Noor ul Haq Wednesday said that the party organization has been completed unanimously in all district of the province. All officer bearers of the religious-political alliance have been
Published 24 May, 2018 12:00am
Hot to very hot weather likely in Karachi

Hot to very hot weather likely in Karachi

The continuing heat waves spell is expected to scorch the metropolis in the next 48 hours with a maximum temperature up to 42 degrees Celsius, the Met Office said on Wednesday.
Published 24 May, 2018 12:00am
Non- ADP scheme: Sindh allocates Rs 1.16 billion for tagging livestock

Non- ADP scheme: Sindh allocates Rs 1.16 billion for tagging livestock

In an astonishing move, the Sindh government has allocated Rs 1.16 billion for a pilot project of tagging livestock approved by CM Sindh under non-Annual Development Program (ADP) scheme, for FY 2018-19. According to sources, the Chief Minister Syed Murad
Published 24 May, 2018 12:00am
KS&EW hands over multipurpose tug to Navy

KS&EW hands over multipurpose tug to Navy

Karachi Shipyard and Engineering Works (KS&EW) here on Wednesday hosted the handing ceremony of 32 T BP Tug built for Pakistan Navy. The tug with a 34 meter overall length and a displacement of 481 tons has a maximum speed of 12 knots and is propelled by
Published 24 May, 2018 12:00am
Pakistani manufacturers, exporters showcasing products in Johannesburg

Pakistani manufacturers, exporters showcasing products in Johannesburg

With a vision to promote local goods and services in African continent, some twelve Pakistani manufacturers and exporters are showcasing their products in Securex & A-OSH being held at Gallagher Convention Centre, Midrand, Johannesburg from May 22 to 24,
Published 24 May, 2018 12:00am
First phase of K-IV project to add 260MGD of water to Karachi: Zubair

First phase of K-IV project to add 260MGD of water to Karachi: Zubair

Sindh Governor Muhammad Zubair has said that availability of water is one of the most significant concerns for Karachiites as the same was of pivotal impoortance for human consumption This, he said, during a briefing by HUBCO team led by its chief executi
Published 24 May, 2018 12:00am
Hesco's drive against defaulters

Hesco's drive against defaulters

The Acting Chief Executive Officer Hyderabad Electric Supply Company Abdul Sattar Memon has issued strict directives of discontinuation of power connections to defaulters without any discrimination. The Hesco is the commercial organization and managing it
Published 24 May, 2018 12:00am
Sabika Sheikh laid to rest amid moving scenes

Sabika Sheikh laid to rest amid moving scenes

Pakistani exchange student Sabika Sheikh,17, who was shot dead in Texas high school shooting last week, was laid to rest at Azeempura Graveyard located in the Shah Faisal Colony, amid tears and anguish. Her funeral prayers were offered at Hakeem Saeed Gro
Published 24 May, 2018 12:00am
D G Khan Cement sets up largest plant at Hub

D G Khan Cement sets up largest plant at Hub

D G Khan (DGK) Cement has completed the installation of Pakistan's largest cement plant at Hub, Balochistan. The largest vertical cement grinding mill with cope drive has started trail operations together with cement silos and packing plant. Also, success
Published 24 May, 2018 12:00am
Political leadership urged to formulate charter of economy

Political leadership urged to formulate charter of economy

Chairman of Businessmen Panel (BMP), Mian Anjum Nisar has said that the political leadership of Pakistan must unite in building up the economy of the country. He said, "Today, the electricity provided to our people and industry is neither affordable nor e
Published 24 May, 2018 12:00am
Sabzwari terms new province's demand 'just & constitutional'

Sabzwari terms new province's demand 'just & constitutional'

Muttahida Qaumi Movement (MQM) Pakistan' s Bahadurabad group on Wednesday condemned the language of Sindh Chief Minister Syed Murad Ali Shah against those who are demanding a separate province in Sindh and termed the demand of new province 'just and const
Published 24 May, 2018 12:00am
Model Town incident: LHC seeks record of complaints

Model Town incident: LHC seeks record of complaints

A full bench of the Lahore High Court on Wednesday seized with the matter of Model Town killing incident, sought record of the complaints against the encroachment outside the residence of Dr Tahirul Qadri and the police contingent dispatched to the scene.
Published 24 May, 2018 12:00am
Silkbank sign MoU with Jubilee Insurance

Silkbank sign MoU with Jubilee Insurance

Silkbank Limited, one of the major players in Consumer Finance and having a substantial market share of the credit cards and personal loans, signed a strategic partnership agreement with Jubilee General Insurance. Now Silkbank credit card holders can avai
Published 24 May, 2018 12:00am
PAC suggests probe into availability of illicit cigarettes

PAC suggests probe into availability of illicit cigarettes

The Public Accounts Committee (PAC) on Wednesday recommended inquiry into the matters related to increase in the use of tobacco and illegal cigarette availability in the market. The committee met here at Parliament House under the chairmanship of Syed Khu
Published 24 May, 2018 12:00am
Dr Cedwyn named Dubai's Middlesex Universities Pro vice chancellor

Dr Cedwyn named Dubai's Middlesex Universities Pro vice chancellor

Middlesex University Dubai's Director, Dr Cedwyn Fernandes, has been awarded the title of Pro Vice-Chancellor. With over a decade of experience in higher education in the UAE, he has showcased great leadership skills and has led the University to outstand
Published 24 May, 2018 12:00am
PQGTL's IFS rating maintained

PQGTL's IFS rating maintained

The Pakistan Credit Rating Agency (PACRA) has maintained Pak-Qatar General Takaful Limited's '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 c
Published 24 May, 2018 12:00am
Government mops up Rs 3.467 billion through auction for MTBs

Government mops up Rs 3.467 billion through auction for MTBs

The federal government Wednesday borrowed some Rs 3.467 billion through the auction for short-term government papers against the target of Rs 650 billion. Overall, very thin participation was witnessed in the auction conducted by State Bank of Pakistan (S
Published 24 May, 2018 12:00am
Government mops up Rs 3.467 billion through auction for MTBs

Government mops up Rs 3.467 billion through auction for MTBs

The federal government Wednesday borrowed some Rs 3.467 billion through the auction for short-term government papers against the target of Rs 650 billion. Overall, very thin participation was witnessed in the auction conducted by State Bank of Pakistan (S
Published 24 May, 2018 12:00am
Narrative of hate & divide Sindh not acceptable: Murad

Narrative of hate & divide Sindh not acceptable: Murad

Chief Minister (CM) Sindh, Syed Murad Ali Shah has said he has always promoted politics of brotherhood, fraternity, equality and humanity but some people are trying to earn political sympathies by advancing the arguments of hatred and divide but they won'
Published 24 May, 2018 12:00am
Admissions at SMIU programmes begin

Admissions at SMIU programmes begin

Admissions for Fall 2018 in MS, PhD, BBA and BS programs at Sindh Madressatul Islam University have been started. Admissions are being offered in Department of Business Administration and Management Sciences, Media Studies and Communication, Computer Scie
Published 24 May, 2018 12:00am
ATC withdraws pre-arrest bail of MNA Waseem, MPA Naeem

ATC withdraws pre-arrest bail of MNA Waseem, MPA Naeem

An anti-terrorism court (ATC) on Wednesday withdrew concession of pre-arrest bail earlier granted to MNA Wasim Akhtar Sheikh and MPA Naeem Safdar involved in case of staging an anti-judiciary rally in Kasur. The court also dismissed their applications cha
Published 24 May, 2018 12:00am
NAB okays two plea bargain applications, authorises seven inquiries

NAB okays two plea bargain applications, authorises seven inquiries

The Executive Board meeting of National Accountability Bureau (NAB) Wednesday authorised conducting seven inquiries, five investigations and also approved two plea bargain applications against various accused. The meeting chaired by former Justice Javed I
Published 24 May, 2018 12:00am
$10.5 million grant accord signed with Somalia

$10.5 million grant accord signed with Somalia

Prime Minister Shahid Khaqan Abbasi Wednesday witnessed the signing ceremony of an agreement between Pakistan and Somalia for a grant of US $10.5 million and provision of technical assistance for the development of Somalia's National Identification System
Published 24 May, 2018 12:00am
Nawaz asks people to end his disqualification through power of vote

Nawaz asks people to end his disqualification through power of vote

Quaid Pakistan Muslim League (PML-N) and former prime minister Muhammad Nawaz Sharif has asked the people to end his disqualification from holding public office through Parliament by voting in favour of his party in a large number during the upcoming gene
Published 24 May, 2018 12:00am
PPP, MQM trade barbs over Murad's remarks in National Assembly

PPP, MQM trade barbs over Murad's remarks in National Assembly

Members of Pakistan Peoples Party (PPP) and Muttahida Qaumi Movement-Pakistan (MQM-P) on Wednesday traded barbs in the National Assembly over recent remarks of the Sindh chief minister. Muttahida Quami Movement central leader Dr Faqoor Sattar said arrogan
Published 24 May, 2018 12:00am
CoAS visits Junior Leaders Academy Shinkiari

CoAS visits Junior Leaders Academy Shinkiari

Chief of Army Staff (COAS) General Qamar Javed Bajwa Wednesday visited Junior Leaders Academy (JLA), Shinkiari and got detailed briefing on the army's premium training institution. The JLA is a premium army institution which imparts training on basic prof
Published 24 May, 2018 12:00am
Nawaz raises his political agenda in accountability court: Fawad

Nawaz raises his political agenda in accountability court: Fawad

PTI has termed the deposed PM's statement a "disappointment" maintaining that Nawaz Sharif voiced his political agenda in the accountability court instead of answering the questions pertaining to his family's Avenfield Apartments in London.
Published 24 May, 2018 12:00am
Call for making tourism points more attractive

Call for making tourism points more attractive

Chairman of Federation of Pakistan Chambers of Commerce and Industry's Standing Committee on Tourism Raja Hassan Akhtar has stressed the need for development of tourism sites in Balochistan, Khyber Pakhtunkhwa, Sindh and Northern areas to attract tourists
Published 24 May, 2018 12:00am
Shahbaz condemns Indian firing at working boundary

Shahbaz condemns Indian firing at working boundary

President Pakistan Muslim League-N and Chief Minister Punjab Muhammad Shahbaz Sharif has strongly condemned the unprovoked firing of Indian army at the working boundary. Expressing a deep sense of sorrow and grief over the martyrdom of Hawaldar Shahid and
Published 24 May, 2018 12:00am
ATC testifies FIA official in Mumbai attacks case

ATC testifies FIA official in Mumbai attacks case

An anti-terrorism court on Wednesday recorded the statement of Federal Investigation Agency Additional Director General Wajid Zia in a case pertaining to the November 2008 Mumbai attacks. The ATC judge directed another witness Zahid Akhtar to appear on ne
Published 24 May, 2018 12:00am
'Clothe a Million Smiles'

'Clothe a Million Smiles'

CarFirst, the leading sales platform for used cars, has joined hands with Leisure Club and Akhuwat Clothes Bank to 'Clothe a Million Smiles' this Ramazan. The campaign encourages people from all walks of life to donate their old clothes which will reach t
Published 24 May, 2018 12:00am
106 beggars arrested in Peshawar

106 beggars arrested in Peshawar

District administration Peshawar has shifted 106 professional beggars during a crackdown against beggary. Deputy Commissioner (DC) Peshawar, Dr Imran Hamid Sheikh has imposed ban on professional beggars under Section 144 of the CrPC and has established a
Published 24 May, 2018 12:00am
231 Hazaras killed during 2013, Senate body told

231 Hazaras killed during 2013, Senate body told

Home Secretary Balochistan Wednesday informed the Senate Functional Committee on Human Rights that over 231 persons from Hazara community were killed during 2013. The home secretary told the committee that over 231 persons from Hazara community were kille
Published 24 May, 2018 12:00am
Two uplift schemes approved for Multan city

Two uplift schemes approved for Multan city

Punjab government approved two mega development schemes for Multan city with an estimated cost of Rs 4612.36 million here on Wednesday in a special meeting of its development forum just a week before termination of its five-year term. The Provincial Devel
Published 24 May, 2018 12:00am
PFA seals factory for producing fake bottles

PFA seals factory for producing fake bottles

The Punjab Food Authority (PFA) on Wednesday sealed a factory for producing fake bottles of a popular brand and confiscated 7,000 ready bottles and raw material in heavy quantity. Director General (Operations) Rafia Haider giving details to media persons
Published 24 May, 2018 12:00am
APNS condolence

APNS condolence

"Hameed Haroon, President and Sarmad Ali, Secretary General of the All Pakistan Newspapers Society have expressed profound grief on behalf of APNS office bearers and members of the Executive Committee over the sad demise of mother of Mohammad Anwar Farooq
Published 24 May, 2018 12:00am
The Weather

The Weather

The weather report on Wednesday (May 23, 2018) and the forecast for Thursday (May 24, 2018).

Published 24 May, 2018 12:00am
Cellular phones' July-April import up by 18.56 percent

Cellular phones' July-April import up by 18.56 percent

Mobile phones import witnessed a phenomenal growth of 18.56 percent in the first 10 months (July-April) of 2017-18 as it remained $678.6 million compared to $572.38 million during the same period of 2016-17 (July-April). Mobile phone imports in April 2018
Published 24 May, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (May 23, 2018).

Published 24 May, 2018 12:00am
One martyred, two hurt in Indian firing

One martyred, two hurt in Indian firing

India continues unprovoked firing along with Working Boundary on the consecutive fourth day, left a citizen martyred, 2 other women sustained injuries in Indian aggression on Wednesday. According to the details, India is continually targeting civilian pop
Published 24 May, 2018 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 24 May, 2018 12:00am
Attack on Afghan cricket stadium

Attack on Afghan cricket stadium

Afghanistan continues to bleed. In a recent violent incident, the terrorists targeted the venue of 'Ramadan Cup' cricket festival in Jalalabad, killing eight and wounding 45. The blasts exploded among spectators crowded into the stadium on Friday evening
Published 24 May, 2018 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 24 May, 2018 12:00am
Iranian officials split over response to US demands

Iranian officials split over response to US demands

For all of Iran's fierce verbal response to fresh U.S. threats of tougher sanctions, some senior officials in Tehran believe the door to diplomacy should stay open. On Monday, U.S. Secretary of State Mike Pompeo presented a list of sweeping demands for Ir
Published 24 May, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (May 23, 2018).

Published 24 May, 2018 12:00am
Foreign currency accounts: Post-2018 scenario
Currency

Foreign currency accounts: Post-2018 scenario

Pakistan's economy and its taxation system cannot be properly analysed unless there is proper understanding of Pakistan's foreign exchange regime. In Pakistan, unlike almost all the countries, fiscal policy concessions and protection have been directly re
Published 24 May, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (May 23, 2018)

Published 24 May, 2018 12:00am
Searching for truth: from despair to hope

Searching for truth: from despair to hope

In the old days the worst was 'bending the truth'. We have since progressed to 'burning the truth'- and "using the ash to create the perfect smoky eye" (Michelle Wolf on Press Secretary Sanders).In between we got 'post-truth' and 'alternative facts'. Fina
Published 24 May, 2018 12:00am
Abandonment of census audit

Abandonment of census audit

The government has in principle abandoned the audit of five percent of the Census 2017 blocks to check the results. It may be recalled that when the provisional results of the census were announced last year, some political parties, with the MQM and PPP l
Published 24 May, 2018 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (May 23, 2018).

Published 24 May, 2018 12:00am
Pakistan's growing indebtedness
Currency

Pakistan's growing indebtedness

External debt payment (inclusive of principal due) was estimated at 4.969 billion dollars according to the State Bank of Pakistan (SBP) website during the first nine months of the current fiscal year 2017-18. This is an extremely disturbing figure for two
Published 24 May, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 23, 2018).

Published 24 May, 2018 12:00am
Saudi-led coalition foils Houthi attacks on Red Sea ships

Saudi-led coalition foils Houthi attacks on Red Sea ships

A Saudi-led military coalition foiled attacks by explosives-laden speedboats deployed by Yemen's Iran-aligned Houthi movement against commercial vessels, including an oil tanker, in the Red Sea, Saudi and Emirati state media said on Wednesday.
Published 24 May, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 23, 2018).

Published 24 May, 2018 12:00am
Saudi-led coalition foils Houthi attacks on Red Sea ships

Saudi-led coalition foils Houthi attacks on Red Sea ships

A Saudi-led military coalition foiled attacks by explosives-laden speedboats deployed by Yemen's Iran-aligned Houthi movement against commercial vessels, including an oil tanker, in the Red Sea, Saudi and Emirati state media said on Wednesday.
Published 24 May, 2018 12:00am
THE RUPEE: dollar rises
Currency

THE RUPEE: dollar rises

As a result of higher demand for dollars, the rupee tumbled modestly versus the greenback on the money market on Wednesday in the process of trading activity, dealers said. The rupee was almost unchanged in relation to the dollar for buying and selling Rs
Published 24 May, 2018 12:00am
THE RUPEE: dollar rises
Currency

THE RUPEE: dollar rises

As a result of higher demand for dollars, the rupee tumbled modestly versus the greenback on the money market on Wednesday in the process of trading activity, dealers said. The rupee was almost unchanged in relation to the dollar for buying and selling Rs
Published 24 May, 2018 12:00am
Oil & gas development: Pakistan, China to hold joint study

Oil & gas development: Pakistan, China to hold joint study

China and Pakistan will hold a joint study and prepare ''Development Plan of Pakistan Oil and Gas Industry'' in order to provide guidelines and technical support for the promotion of oil and gas projects'' cooperation between China and Pakistan.
Published 24 May, 2018 12:00am
Oil & gas development: Pakistan, China to hold joint study

Oil & gas development: Pakistan, China to hold joint study

China and Pakistan will hold a joint study and prepare 'Development Plan of Pakistan Oil and Gas Industry' in order to provide guidelines and technical support for the promotion of oil and gas projects' cooperation between China and Pakistan.
Published 24 May, 2018 12:00am
Oil & gas development: Pakistan, China to hold joint study

Oil & gas development: Pakistan, China to hold joint study

China and Pakistan will hold a joint study and prepare 'Development Plan of Pakistan Oil and Gas Industry' in order to provide guidelines and technical support for the promotion of oil and gas projects' cooperation between China and Pakistan.
Published 24 May, 2018 12:00am
Kashmir Council: IHC suspends notification

Kashmir Council: IHC suspends notification

The Islamabad High Court on Wednesday suspended a government notification about abolishment of Kashmir Council and amendments in AJK Interim Act 1974. A single bench of IHC comprising Justice Aamer Farooq heard the petition moved by the members of Kashmir
Published 24 May, 2018 12:00am
Kashmir Council: IHC suspends notification

Kashmir Council: IHC suspends notification

The Islamabad High Court on Wednesday suspended a government notification about abolishment of Kashmir Council and amendments in AJK Interim Act 1974. A single bench of IHC comprising Justice Aamer Farooq heard the petition moved by the members of Kashmir
Published 24 May, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (May 23, 2018).

Published 24 May, 2018 12:00am
Meezan Bank to raise Rs seven billion through Sukuk issue

Meezan Bank to raise Rs seven billion through Sukuk issue

Pakistan''''s largest Islamic Bank - Meezan Bank has planned to raise some Rs 7 billion through the sale of Shariah-compliant Tier 1 Sukuk to improve its Capital Adequacy Ratio (CAR). Sources in banking industry told Business Recorder Wednesday tha
Published 24 May, 2018 12:00am
Meezan Bank to raise Rs seven billion through Sukuk issue

Meezan Bank to raise Rs seven billion through Sukuk issue

Pakistan''s largest Islamic Bank - Meezan Bank has planned to raise some Rs 7 billion through the sale of Shariah-compliant Tier 1 Sukuk to improve its Capital Adequacy Ratio (CAR). Sources in banking industry told Business Recorder Wednesday that
Published 24 May, 2018 12:00am
Meezan Bank to raise Rs seven billion through Sukuk issue

Meezan Bank to raise Rs seven billion through Sukuk issue

Pakistan's largest Islamic Bank - Meezan Bank has planned to raise some Rs 7 billion through the sale of Shariah-compliant Tier 1 Sukuk to improve its Capital Adequacy Ratio (CAR). Sources in banking industry told Business Recorder Wednesday that M
Published 24 May, 2018 12:00am
Meezan Bank to raise Rs seven billion through Sukuk issue

Meezan Bank to raise Rs seven billion through Sukuk issue

Pakistan's largest Islamic Bank - Meezan Bank has planned to raise some Rs 7 billion through the sale of Shariah-compliant Tier 1 Sukuk to improve its Capital Adequacy Ratio (CAR). Sources in banking industry told Business Recorder Wednesday that M
Published 24 May, 2018 12:00am
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