The production facility is anticipated to be completed by the end of December this year. Reuters/File
KARACHI: Lucky Motor Corporation (LMC) has signed an agreement with Samsung Gulf Electronics Co, FZE for producing Samsung mobile devices in Pakistan.
In a stock filing on Friday, Lucky Cement Ltd (LCL) has said that its subsidiary LMC, which is currently engaged in business of manufacturing, assembly, marketing, distribution and sales of Kia and Peugeot vehicles, has also initiated the process of seeking necessary regulatory approvals to carry on the business and in this endeavor, it has filed an application with the Pakistan Telecommunication Authority (PTA) for securing the license.
Khan s Construction Bet Sees Cement Firms Boosting Investment bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
The Shariah-compliant REIT scheme envisages investment in undeveloped land in Karachi. AFP/File
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved registration of the first Shariah-compliant developmental Real Estate Investment Trust (REIT) scheme in Pakistan under the revamped REIT regulatory framework.
“The Arif Habib Dolmen REIT Management Ltd, a company having a successful track record of launching the only REIT scheme in the country, has successfully partnered with leading business groups for entering into an arrangement with a commercial bank, enabling launch of the Shariah-compliant developmental REIT Scheme called the Silk Islamic Development REIT (SIDR),” an SECP official told
Pakistan to See First REIT in Years on Khan s Construction Push bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.
KARACHI: National Bank of Pakistan on Wednesday announced profit-after-tax (PAT) for 1QCY21 at Rs7.8 billion (earnings per share at Rs3.67), depicting a whopping year-on-year increase of 90 per cent.
Net interest income (NII) growth for the bank has been impressive on a year-on-year basis but portrayed a sluggish behaviour on a quarter-on-quarter basis.
However, despite massive growth in profit the bank did not announce any dividend.
BAHL earns Rs4.6bn
Bank Al Habib Ltd (BAHL) on Wednesday announced PAT at Rs4.6bn (EPS at Rs4.14) for 1QCY21, down 2pc quarter-on-quarter basis.
The earnings are above market expectations, where variance has mainly come from higher than expected net interest income, provision reversals, and lower effective tax rate.