Tag Archives: Declares

Soneri Bank declares strong profit before tax

LAHORE – Soneri Bank’s Board of Directors reviewed accounts for the period January-March, 2011 and were satisfied with results of the Bank, considering a very competitive market environment.
The Bank reported a profit before tax of Rs 435.084 million, up significantly from Rs 33.170 million generated in the same period last year. The profit after tax also rose to Rs 303.387 million from Rs 40.380 million in the previous corresponding quarter of 2010. This translated into earning

PML-N declares MQM’s Lahore rally ‘flop show’

LAHORE – PML-N senior leader Khawaja Saad Rafiq has called MQM’s public rally “a flop show,” saying Altaf Hussian’s “London-brand” revolution took its last breath at football ground of Gaddafi Stadium forever. It was not a Jalsa (public meeting), rather a Jalsi that pricked the imaginary publicity bubble that the MQM fantasised, he added.
Saad said the public meeting was a joint show of the MQM and PML-Q, but failed to create any ripple. He said the public meeting could not make

Sindh govt declares public holiday on April 4

KARACHI – The government of Sindh declared April 4 as a public holiday throughout the province on account of 32nd death anniversary of Zulfiqar Ali Bhutto. All government offices, autonomous and semi-autonomous bodies, corporations and local councils under the administrative control of the Sindh government would remain closed.

Bank Al Habib declares 20pc cash dividend

MULTAN – The Annual General Meeting of Bank Al Habib was held at its registered office in Multan on March 17, 2011. Shareholders approved the annual accounts for the year ended December 31, 2010. Payment of 20 percent cash dividend (final) and the issue of 20 percent bonus shares were also approved.
Deposits of the Bank, as on December 31, 2010, stood at Rs 249.774 billion, while profit after tax was Rs 3.602 billion. The Bank has a network of 303 branches/sub-branches, which

FROM THE COURTROOM – 155 lower staff of Edu Dept to be reinstated as SHC declares termination illegal

KARACHI – As many as 155 lower-grade employees of the Sindh Education and Literacy Department, who were appointed by former Chief Minister Arbab Ghulam Rahim and sacked by the Qaim Ali Shah-led government, were reinstated on Friday by the Sindh High Court (SHC). In its verdict, an SHC division bench comprising Justice Shahid Anwar Bajwa and Justice Tufail H. Ibrahim declared the Sindh Education and Literacy Department’s orders to terminate these employees as illegal, and ordered the

Bahrain declares martial law, violence flares

MANAMA – Bahrain King Hamad bin Isa Al Khalifa declared martial law on Tuesday as his government struggled to quell an uprising by the island’s Shia majority that has drawn in troops from Saudi Arabia. The three-month state of emergency will hand wholesale power to Bahrain’s security forces, stoking sectarian tensions in one of the Gulf’s most politically volatile nations.
Disturbances continued to shake the kingdom through the day. A hospital source said two men, one Bahraini