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Making people economically self-reliant top priority: PM


Making people economically self-reliant top priority: PM
June 10, 2021
Prime Minister Imran Khan on Wednesday said that besides providing financial assistance to the downtrodden segments, the present government’s foremost priority is to make the people economically self-reliant.
“It is for the first time in Pakistan that a comprehensive strategy has been formulated to steer the economically weaker segments of society out of poverty,” the prime minister said while presiding over a high-level meeting of Kamyab Pakistan Programme here. He also cited the examples of China and India and said that unlike India which failed, China successfully steered millions of people out of poverty during the last 30 years. ....

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BankIslami Reports its Highest-Ever Profit During 2020


BankIslami Reports its Highest-Ever Profit During 2020
BankIslami has reported the highest-ever profitability during the financial year 2020.
The bank reported a profit after tax of Rs. 1.70 billion, up by 56 percent compared with the profitability of Rs. 1.09 billion during the financial year 2019.
Despite downward adjustment in the policy rate, net spreads of the Bank increased by 16 percent on account of 21 percent growth in earning assets and improvement in CASA deposit mix to 64 percent from 60 percent in December 2019.
Total deposits and current account deposits of the Bank rose by 23 percent and 33 percent, respectively, despite all challenges due to the spread of the COVID-19 pandemic. ....

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