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Karachi, January 16, 2013 (PPI-OT): Meezan Bank, Pakistan’s first and largest Islamic Bank, has been awarded ‘ Pakistan Deal of the Year ‘ and ‘Musharakah Deal of the Year’ for 2012 by Islamic Finance News of REDmoney Group, Malaysia. The Islamic Finance News (IFN) Awards honour the best in the …
Read More »Daily Archives: January 16, 2013
Meezan Bank and Mashreq Bank sign accord
Karachi, January 16, 2013 (PPI-OT): Meezan Bank, the first and largest Islamic Commercial Bank, has entered into an agreement with Mashreq Bank PSC, UAE, under which Meezan Bank will earn Shariah-compliant profit on its US Dollar clearing account balance held with Mashreq Bank. The innovative arrangement utilises a Shariah-compliant principle …
Read More »Sindh government provides subsidy of Rs68 crore for wheat: Qaim Ali Shah
Karachi, January 16, 2013 (PPI-OT): Chief Minister Sindh Syed Qaim Ali Shah today presided a meeting regarding increasing price of Atta (flour), held today at Chief Minister House. The meeting was attended among others by Sindh Food Minister Mir Nadir Ali Magsi, Sindh Finance Minister Syed Murad Ali Shah, Chief …
Read More »Country’s first Independent Power unit in Korangi Creek Industrial Park to start production in March
Lahore, January 16, 2013 (PPI-OT): Country’s first Independent Power unit in Korangi Creek Industrial Park, Karachi, will start production in March this year. This was stated by Mohsin Syed, the Regional Director, National Industrial Parks Development and Management Company, a subsidiary of PakistanIndustrial Development Corporation, to a group of media …
Read More »Lahore Chamber of Commerce and Industry anguished at Indian Army Chief Remarks against Pakistan
Lahore, January 16, 2013 (PPI-OT): The Lahore Chamber of Commerce and Industry is greatly anguished at Indian Army Chief remarks against Pakistan and suspension of day-old new visa regime by the Indian Prime Minister and termed them a severe blow to trade normalization process being pushed by the business community. …
Read More »State Bank Governor calls upon banks to develop robust strategy for meeting banking needs of SMEs
Karachi, January 16, 2013 (PPI-OT): The Governor, State Bank of Pakistan, Mr. Yaseen Anwar has impressed upon the top management of banks to develop a more robust and focused strategy for meeting the banking needs of Small and Medium Enterprises (SMEs). ‘This will lead to better and improved banking solutions …
Read More »Commercial Attache of Turkey calls on Chairman Trading Corporation of Pakistan
Karachi, January 16, 2013 (PPI-OT): Ms. H. Betul Akin, Commercial Attache of Republic of Turkey called on Mr. Tahir Raza Naqvi, Chairman Trading Corporation of Pakistan (TCP) in his office today. She informed Mr. Naqvi about the existing business relationships between the two brotherly countries. She informed that she has …
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