Banking / Investment in pakistan
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PAKISTAN, 2015/05/04
The Habib Bank Limited (HBL) on Saturday said it has delivered a record post-tax profit of Rs 10 billion during initial quarter 2015, representing a increase of 63% over the same period last year.
As a result, earnings per share for the quarter increased to Rs6.73 as against Rs 4.12 for the initial quarter of 2014. Along with the results, the Board declared a quarterly dividend of Rs 3.50 per share.
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PAKISTAN, 2012/12/30
The National Bank of Pakistan (NBP) said on Tuesday that it is ready to finance the Iran-Pakistan (IP) gas pipeline project if the National Bank of Pakistan (SBP) directs it to do so.
“The IP [gas pipeline] is a large project: a consortium of banks can finance it, and we can become a part of such a consortium if the SBP directs us,” NBP Senior Vice President and Divisional Chief of Consumer and Retail Banking Adnan Adil Hussain said while addressing a press conference in Islamabad.
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PAKISTAN, 2012/12/22
A national-owned Chinese bank that had agreed to finance the Pakistani section of a gas pipeline from Iran that is opposed by the United States is no longer interested in the project, a Pakistani finance ministry spokesman said Wednesday.
Finance Ministry spokesman Naveed Iqbal said he didn't know why the Industrial and Commercial Bank of China was apparently backing out, but said “the geopolitical situation” had before been cited by the petroleum ministry as the reason.
