AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: The National Bank of Pakistan (NBP) hosted a significant program at its Head Office in Karachi to observe Eid Milad-un-Nabi, a day cherished by Muslims worldwide as it marks the birth of the Holy Prophet Muhammad (PBUH). The event underscored...
Read More »Flood Crisis Spurs Call for Action Against Hoarding and Profiteering
Karachi: Zubair Tufail, President of the United Business Group and former head of the Federation of Pakistan Chambers of Commerce and Industry, has called for stringent measures by the government to tackle hoarding and profiteering in light of the esc...
Read More »Pakistan Stock Market Surges Amid Bullish Momentum
Karachi: The KSE-100 Index, a key benchmark of the Pakistan Stock Exchange, surged to an all-time high, closing at 152,202 points on Thursday. This rise, fueled by a 1,226-point increase day-over-day, reflects ongoing bullish momentum despite a slight...
Read More »Industry-Startup Synergy Vital for Economic Revival, Say Experts at Karachi Conference
KARACHI: The Korangi Association of Trade and Industry (KATI) recently hosted the "KATI Industrial Edge 2025" conference, gathering an impressive array of industrialists, business leaders, startup founders, academics, and economic experts. The event h...
Read More »Faceless Customs System Gains Support from Business Community in Karachi
Karachi: In a move to modernize customs operations and reduce human interaction, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed strong support for the implementation of the Faceless Customs Assessment (FCA) system. ...
Read More »Pakistan Eyes Transformation into Regional Tech Powerhouse with Chinese Partnership
Lahore: The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) underscored the burgeoning partnership between China and Pakistan in digital entrepreneurship, e-commerce, and technology-driven economic development. Zafar Iqbal, Acting Presi...
Read More »Karachi: United Bank Limited (UBL) has demonstrated significant growth and performance, as revealed in a recent corporate briefing hosted by Topline Securities, with Mr. Muhammad Jawaid Iqbal, President of UBL, presenting the details. Over the past two years, UBL witnessed a remarkable 98% increase in deposit growth, substantially outpacing the industry average of 40%. Current deposits soared by 114%, further emphasizing the bank’s robust financial health.
UBL's revenue and pretax profit have seen remarkable increases, with 131% and 185% growth, respectively, marking the highest among the top 20 listed companies on the exchange over the last two years. The bank's stock performance has been impressive, y...
Read More »