Tag: billion

PTCL Group posted revenue of Rs. 30 Billion with 4 % YoY growth in Q1 2018

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article image Pakistan Telecommunication Company Limited (PTCL), the Country’s leading telecom and ICT services provider has announced its financial results for the Quarter ended March 31, 2018 at its Board of Directors meeting held in Islamabad on April 12, 2018. PTCL Group’s revenue for Q1 2018 has grown YoY by 4% to Rs. 30 billion as a result of positive […]…Read More

| 2018 | 30 | 4 | billion | group | growth | posted | PTCL | Q1 | revenue | Rs | yoy

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

PTCL injects PKR 1 Billion in U Microfinance Bank

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PR: Pakistan Telecommunication Company Limited (PTCL) has injected an additional equity of PKR 1 billion in U Microfinance Bank Ltd. (U Bank), which is a wholly owned subsidiary of PTCL. This capital injection will enable the Bank to further capitalize on the growth opportunities possible in Pakistan’s microfinance sector. Given the overall economic landscape, competitive environment […]…Read More

Floods cost US$2.7 billion losses equivalent to 1 percent of GDP

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PAKISTAN HAS varied geography with northern alpines covered with glaciers and southern plains bordering to the Arabian Sea, along with rivers flowing through the country from north to south. During monsoon season riverine flooding is usual in the low-lying areas along the rivers while flash flooding is also experienced in hilly and partial hilly areas […]…Read More

6 billion rupees allocated to convert 2500 schools of Sindh to solar energy

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In Sindh, 2500 schools shifted on solar energy and Infrastructure of 4000 schools will also be developed by giving basic facilities including compound walls, teacher rooms, drinking water, and electricity. Sindh Chief Minister Syed Murad Ali Shah has given 6 billion rupees for the project. The officials of education department informed that work to giving […]…Read More

PTCL posts profit of Rs. 6.5 billion for the first nine months of 2017

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PR:  PTCL announced the financial results for the nine months’ period ended Sept 30, 2017 in its Board of Directors’ meeting held in Islamabad on October 11, 2017. PTCL earned Rs. 52.8 billion revenue during first nine months of 2017. PTCL’s flagship Fixed Broadband service has started to grow at an accelerated rate, posting a […]…Read More

| 2017 | 65 | billion | months | posts | profit | PTCL | Rs

France provides 100 million euros (11.5 billion PKR) soft loan for the sustainable energy sector reform program

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article image On June 21st, 2017, Mr. Tariq Mahmood PASHA, Secretary of Economic Affairs Division (EAD), Mr. René CONSOLO, Chargé d’Affaire a.i., Embassy of France, and Mr. Jacky AMPROU, Country Director of the French Agency for Development (AFD), signed the €100 million Credit Facility Agreement (CFA) for the Sustainable Energy Sector Reform Program. The Asian Development Bank […]…Read More

610 projects of Rs 747 billion completed in last three years

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article image ISLAMABAD: As many as 610 development projects costing Rs 747 billion relating to all sectors of the economy have been completed during the last three years. According to official sources in the Ministry of Planning, Development and Reforms, out of total 610 completed schemes, 132 projects costing Rs 51 billion are in education, science and technology and Information technology (IT) sectors. Upto 32 projects with a total cost of Rs 9 billion were…Read More

CDWP to approve Rs26.69 billion PhD scholarship plan

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article image ISLAMABAD: The Central Development Working Party (CDWP) is likely to approve Rs26.69 billion PhD scholarship programme under the US-Pakistan Knowledge Corridor (Phase-I), which is to be executed by the Higher Education Commission (HEC). Another project construction of Lahore-Sialkot motorway (88km) of Rs52.66 billion, Red Line Project in Sindh (Rs1.29 billion) and another project of Rs777 million for enhancement of training capabilities of the…Read More

Pakistan eyes $2 billion through rice exports

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article image KARACHI: Pakistan is estimated to export 4.5 million tons of rice, fetching approximately $2.0 billion for the year 2016/17 as experts pin hopes on higher hybrid production as well as pro-agriculture and pro-export measures announced by the government. The office of Global Analysis USDA has raised Pakistan’s exports forecast by 0.1 million tons to 4.5 million tons on a stronger pace of trade. USDA projects around 20 percent larger purchases by Saudi Arabia and Azerbaijan from…Read More