Tag: 12

National Bank of Pakistan After-tax Profit of Rs. 23.03 Billion, 1.2% up YoY Balance Sheet Grows to Rs. 2.37 Trillion

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PR:  Meeting of the Board of Directors (BoD) of National Bank of Pakistan (Bank) was held on February 20, 2018 at the Bank’s Head Office in Karachi. The BoD approved the financial statements of the Bank for the year ended December 31, 2017. Maintaining its position in the industry, the Bank reported highest ever profit after […]…Read More

12 scholars from Sindh set to leave for UK

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article image KARACHI: As much as twelve candidates from across Sindh collected their certificates and prizes during the pre-departure orientation of the Chevening programme held at British Deputy High Commission office. The scholars, who have been selected for the programme that is fully funded by the United Kingdom (UK) government, will be leaving to pursue degrees in master’s programmes in their respective fields. Shanzae Asif, who is the only…Read More

| 12 | leave | Scholars | set | Sindh | UK

Pakistans IT Exports ascends By 35%, Number Of IT Companies By 12%

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Staff Report ISD: Asim Shahryar Husain, MD Pakistan Software Export Board (PSEB) briefed the Minister of State for IT about recent achievements in IT sector. He told that Pakistan’S IT exports increase by 35%, over last year with an estimate of $500 million in IT remittances for 2014-15. He said that the number of software houses and call centers registered with PSEB has increased by 12% during the first 8 months of 2014-15. He mentioned that PSEB had setup a Pakistan Pavilion for the first…Read More

12 Pakistani firms win SAARC Corporate, Business Awards

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article image STAFF REPORT ISB: Almost a dozen companies from Pakistan are among the winners of the Saarc Corporate and Business Awards with Union Capital Ltd of Bangladesh clinching the top position in the region. The three-day SAFA Summit has recently been concluded with award ceremony where 80 Saarc Corporate and Business Awards presented to the leading South Asian companies in almost all sectors of economy. The awards covered almost all sectors of economy including private sector banks,…Read More

Teradata gives IT excellence awards in 12 categories

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article image STAFF REPORT IBD: Teradata Corporation, the leading data analytic solution company, has announced the winners for 11th Teradata National IT Excellence awards at an awards ceremony held in Islamabad and they have been given awards to the best in the information technology industry.Tariq Malik, Chairman NADRA, and Robert Ewing, Consular Economic Affairs, US Embassy, were the chief guest and guest of honor, respectively. They recognized Teradata’s efforts in encouraging IT professionals and IT…Read More

Telecom revenue reaches Rs 412b in 2011-12

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STAFF REPORT IBD: The annual revenue of Pakistan’s telecom sector crossed the figure of Rs 411.4 billion during the financial year 2011-12 from its earlier Rs 362.9 billion during 2010-11 showing a growth of 12 percent.According to a report released by the PTA, growth in telecom revenues this year is significant especially when growth rate was marginal during i.e. 5.4 per cent during FY 2011 and 3.1 per cent during FY 2010.The increase in revenues is largely attributed to increase in…Read More

| 12 | 2011 | 412b | reaches | revenue | Rs | telecom

PTCL posts Rs 7.24 billion net profit in FY2011-12

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article image STAFF REPORT IBD: PTCL has posted a net profit of Rs. 7.24 billion in the financial year 2011-12 posting a steady growth of 9 per cent in its revenue. The annual accounts were announced at the recently held meeting of the PTCL Board of Directors."The positive growth of PTCL’s revenue streams points to our dynamic corporate identity and strong customer base," said PTCL CEO and President, Walid Irshaid, following the BoDs meeting. "Our dynamic corporate leadership and talented…Read More

| 12 | 724 | billion | FY2011 | Net | posts | profit | PTCL | Rs

Telenor shows record revenue for Q2-12

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STAFF REPORT IBD: Telenor Pakistan, the country’s second largest cellular company, has posted record quarterly revenue of Rs 23 billion, say the fresh figures released by the Telenor Group.The company registered another 615,000 subscriptions during April-June, ending with 29.9 million subscribers, a growth of 12 per cent over the same quarter last year. The company’s EBITDA margin observed an impressive year-to-year growth of 26 per cent, while market share remained stable at 24 per cent.&…Read More

Connexions 12 connects academia, industry

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article image STAFF REPORT KHI: The IBA Web Society and Infosys Society, under the banner of IBA Faculty of Computer Science, has recently organized Connexions ’12 with the aim to connect the academia and the industry.The event was sponsored by Folio3 and Iknowl and was supported by IdeasEvolved, Big O Studios and AUF Studios.  PC World Pakistan, IDG was the official Technology Media Partner for the event.The organizing team strongly believes that a closer interaction between the two is crucial at a point…Read More

PTCL posts Rs. 1.4b net profit in 3QFY11-12

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article image STAFF REPORT IBD: PTCL has gained net profit of Rs.1.4 billion in its third quarter earnings for financial year 2011-12 for the period ending March 31, showing a growth of 11.3 per cent in revenue."PTCL’s profits and revenue growth during the third quarter of FY2011-12 is a strong indicator of our dynamic corporate direction as well as our customers’ continued satisfaction and trust," said PTCL CEO and President, Walid Irshaid, following a meeting of the company’s Board of…Read More

| 12 | 14b | 3QFY11 | Net | posts | profit | PTCL | Rs