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Lucky Cement records Rs4.65bn profit in 9 months

ISLAMABAD, (TLTP): On a consolidated basis, Lucky Cement Limited reported net profit after tax (PAT) of Rs 4.65 billion after taking out Rs1.03 billion attributable to non-controlling interests for the nine months ended March 31, 2020. This translates into earnings per share (EPS) of Rs14.38/share as compared to Rs 28.64 / share reported during the […]

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21 VPs move IHC for ZTBL BoD completion

ISLAMABAD, (TLTP): While challenging their relegation before Islamabad High Court on Saturday over 21 vice presidents of the country’s largest agriculture sector financial institution Zarai Taraqi Bank Limited (ZTBL) urged the court to issue directives to the federal government to fill slots of Board of Directors so that affairs of the Bank are not left […]

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Engro donates Rs50m to Sindh corona fund

KARACHI, (TLTP): Engro Energy Limited (EEL) – a part of Engro Corporation – Tuesday donated Rs50 million to the government of Sindh Corona Emergency Fund. The donation was made in presence of the Chief Minister Murad Ali Shah, President & CEO Engro Corporation Ghias Khan and CEO EEL Ahsan Zafar Syed. The fund donated by EEL reflects the commitment made by […]

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ADB allocates $44m to help curb COVID-19

ISLAMABAD, (TLTP): The Asian Development Bank (ADB) Wednesday allocated $44 million in technical assistance resources to support its developing member countries, including Pakistan, in their response to the novel coronavirus disease (COVID-19) pandemic. The funds will be available for all ADB developing member countries in updating and implementing their pandemic response plans, including buying emergency […]

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Nasir Ali Syed appointed CEO Pak-Qatar General Takaful Limited

KARACHI, (TLTP): Pak-Qatar General Takaful Limited recently announced the appointment of Muhammad Nasir Ali Syed as its new chief executive officer (CEO). Nasir has been associated with the Pak-Qatar Takaful Group (PQTG) since its inception in 2007.  He was last serving as CEO Pak-Qatar Family Takaful Limited. Nasir Ali Syed, as new CEO of Pak-Qatar […]

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Engro Corporation, Dawood Hercules Group pledge Rs1bn to combat COVID-19

KARACHI, (TLTP): For the fight against COVID-19 in Pakistan, Hussain Dawood on behalf of Engro, Dawood Hercules and his family Thursday pledged a contribution in services, kind and cash of one billion rupees for the short, medium and long-term. Chairman Engro Corporation and Dawood Hercules, Hussain Dawood said, “We are committed to helping solve some […]

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Govt to outline guidelines for industrial workers amid COVID-19

ISLAMABAD, (TLTP): The government has decided to outline safety guidelines for the workers of those industries, which are required to be kept operational to ensure the supply of essential commodities. It was decided during a high-level videoconference chaired by Minister for Planning, Development & Special Initiatives Asad Umar on Saturday. The meeting discussed proposals for […]

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IMF decides two years debt service relief for poor states

ISLAMABAD, (TLTP): The International Monetary Fund (IMF) Executive Board decided on Friday to allow all member countries with per capita income below the World Bank’s operational threshold for concessional support to qualify for debt service relief for up to two years. According to a press statement, in direct response to the COVID-19 crisis the IMF […]

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Traders urged to focus on enhancing trade with Poland

ISLAMABAD, (TLTP): Malik Muhammad Farooq, Ambassador-designate of Pakistan to Poland, has said that Pakistan’s trade with Poland is negligible as compared to actual potential and stressed that business community should focus on further enhancing trade and exports in Polish market. Malik expressed these views during his visit to Islamabad Chamber of Commerce & Industry (ICCI) […]

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WB offers $12bn in support of countries’ response to COVID-19

ISLAMABAD, (TLTP): As COVID-19 reaches more than 60 countries, the World Bank Group is making available an initial package of up to $12 billion in immediate support to assist countries coping with the health and economic impacts of the global outbreak. This financing is designed to help member countries take effective action to respond to […]