LAHORE ( PRESS RELEASE ) The Board of Directors of BankIslami Pakistan Limited (‘The Bank’ or ‘BankIslami’) in their meeting held on February 27, 2020 in Karachi approved the Bank’s audited financial results for the year ended December 31, 2019. The year 2019 proved to be a remarkable year forRead More →
Highlights: Highest ever profit of PKR 27.2bn (before tax); up 47% YoY All time high income of PKR 39.1bn; up37%YoY Total assets crossed PKR 600bn milestone Advances (net) grew by 29% CASA to deposits ratio of 93%; one of the best in class Highest ever dividend pay-out KARACHI ( PRESSRead More →
The huge success of this mega event has inspired the stakeholders to put up an even bigger show in 2021. LAHORE (PRESS RELEASE) The Pakistan Auto Show 2020 concluded at the Expo Centre in Lahore. The three day grand event, organized by the Pakistan Association of Automotive Parts & AccessoriesRead More →
ISLAMABAD ( PRESS RELEASE ) The Competition Commission of Pakistan approved the Uber-Careem merger through a Phase-II Order, imposing pro-competitive and tough conditions ensuring a level playing field for the new entrants/competitors in the app-based Ride sharing market. The conditions will remain applicable on Uber up to three years afterRead More →
ISLAMABAD ( PRESS RELEASE ) The Competition Commission of Pakistan (CCP) based on discovery of fresh information made available visà-vis prima facie collusion in the Wheat Flour Sector, carried out a search and inspection of Pakistan Flour Mills Association’s (PFMA) premises in Lahore. The CCP in its recent Order datedRead More →
ISLAMABAD ( PRESS RELEASE ) The Competition Commission of Pakistan (CCP) has imposed PKR 5 million penalty on Irshad Trading Corporation for copying the registered trademark, brand name and other designs of Polycon Pakistan, in violation of Section 10 of the Competition Act, 2010. The CCP while passing the orderRead More →
ISLAMABAD ( PRESS RELEASE ) Senior representatives from ACCA (the Association of Chartered Certified Accountants) are in Davos promoting investment opportunities in Pakistan in emerging sectors such as Shared Services and outsourcing, pushing for sustainable business practices, and focusing on the value of the accountancy profession in Pakistan and beyondRead More →
LAHORE ( MEDIA REPORT ) Under an agreement signed a few months ago, the Lahore Development Authority (LDA) has gained access to the National Database and Registration Authority (NADRA) database for online verification of citizens visiting its office for property-related matters. A special counter of NADRA has been established atRead More →
FAISALABAD ( PRESS RELEASE ) Hyundai Nishat Motor (Private) Limited announced its mass production at the assembly plantin FIEDMC, M3 Industrial Estate, Faisalabad.With an annual production capacity of up to 15,000 units per annum in its initial phase, Hyundai’s manufacturing plant is now fully operational. The Start of Production takesRead More →
ISLAMABAD ( PRESS RELEASE ) The Competition Commission of Pakistan (CCP) has passed an order imposing a total penalty of PKR 45 Million on two snack food (Nimco) sellers for copying the registered trademark and other designs of another company and violating Section 10 of the Competition Act, 2010. “NimcoRead More →
LAHORE ( PRESS RELEASE ) Honda Atlas Cars Pakistan Limited (HACPL), and CarFirst, Pakistan’s most trusted used car trading platform, bring the “Exchange Program powered by CarFirst” to Pakistan. Customers will be able to bring their used cars of any brand and exchange with a brand new Honda at variousRead More →
ISLAMABAD ( PRESS RELEASE ) The Competition Commission of Pakistan (CCP) has held that Pakistan Flour Mills Association violated Section 4 of the Competition Act, 2010 by fixing the price of Wheat Flour, providing a platform to share commercially sensitive information and fixing the quantities of production of wheat flour. Accordingly,Read More →