Arab Bank Group reported a net income after tax for the first half of 2022 of $252 million as compared to $182.4 million for the same period last year, recording an increase of 38%. The Group loan portfolio grew by 6% to reach $35.7 billion as of June 30, 2022 compared to $33.8 billion for the same period last year, …

Daastan organized a Book Launch for budding authors at the Karachi Press Club. ‘Artist: The Art of Healing and Power of Love’ by Zainab Manzoor is a collection of poetry and prose that got featured along with Sana Sadiq’s Urdu travelogue of Azerbaijan namely, ‘Hakayat Az Sarzameen e Atish o Ishq’. Poet and Writer, Kiran Ashraf hosted the event along …

K-Electric Limited organized the Extra-Ordinary General Meeting (EOGM) on Friday, 29 July, at a local hotel. The purpose of the Meeting, which was attended by Shareholders in person and via a video link, was to elect the Directors in place of the retiring Directors. The following persons have been elected/appointed as Directors of K-Electric Limited for a term of three …

Emirates has announced further movements in its commercial team in the Middle East, Far East, Africa, and West Asia in line with the airline’s continuous expansion and accelerated operations. The new rotations will position talented and dedicated UAE Nationals in some of Emirates’ key markets, to help drive the airline’s commercial initiatives. The newly appointed commercial leads will each bring …

By Rafiq Vayani DUBAI/KARACHI: Sindh Healthcare Commission has awarded regular licence to Memon Medical Institute Hospital (MMI Hospital) following a thorough review and inspection process. MMI Hospital is the first not-for-profit tertiary care hospital in the province of Sindh to acquire this licence – a clear testament to the quality of healthcare provided by the hospital. At the ceremony, Dr. …

The Mohammed Bin Rashid Space Centre (MBSRC) announced that registration for the 17th International Conference on Space Operations (SpaceOps 2023) is now open. The conference, one of the world’s leading and premier events in the space sector, will be held at the Dubai World Trade Centre from March 6 to 10, with the underlying theme “Invest in Space to Serve Earth …

Careem, the Super App for the greater Middle East and Pakistan, has received donations worth PKR 10.3 million over the last two years through its rewards feature. These donations were made by customers using the Careem app to multiple reputable charities including, Indus Hospital, The Citizens Foundation (TCF), World Wide Fund for Nature-Pakistan (WWF-Pakistan), NOWPDP, SOS Children’s Village, CYTE Foundation, …

The bank announced profit after tax of PKR 8.703 billion, up by 25.5%. EPS stood at Rs. 4.90 (Jun 21: Rs. 3.90). The Board has approved an interim cash dividend of Rs. 2.5 (last year: Rs. 2.0) per share. The Bank’s deposit base stood at Rs. 1.318 trillion at the end of Q2’22, with YoY growth of 28.6%. The Bank …

Ethiopian Airlines Group, the flag carrier of Ethiopia, Africa’s largest airline group, has upsized four of its A350-900 on order to the largest variant of the A350 Family, the A350-1000, becoming Africa’s first customer for the aircraft. Ethiopian Airlines has already ordered 22 A350-900s, of which 16 aircraft have been delivered. With the A350-1000 upsizing, Ethiopian Airlines’ backlog consists of …

The Canadian Parliamentarian has termed Pakistan as a safer place not only to visit but for minorities, living in the country. “The international community has recognized the efforts of Pakistan for eradicating terrorism from the country,” a member of Canadian Parliament Sameer Zuberi said while meeting with Pakistani journalists at Karachi Press Club (KPC) here on Wednesday 27 July, 2022. …