All Entries Tagged With: "Finance"
Visa launches new Financial Literacy Initiative in Pakistan
Visa, a leading payment solutions provider, has launched its new MyMoneySkills website (www.mymoneyskills.pk) also featuring a free FIFA World Cup™ branded educational video game designed to help people of all ages across Pakistan strengthen their knowledge of personal finance. Unveiled at recently held press conference attended by leading print, electronic and online media, Visa’s dedicated [...]
LG Announces Second-Quarter 2011 Financial Results
LG Electronics (LG) announced unaudited consolidated financial results based on IFRS (International Financial Reporting Standards) for the three-month period ending June 30, 2011. The turnaround in net profit reflected steady improvements in its businesses and successful cost-reduction efforts, in line with analysts’ estimates. LG posted consolidated second quarter 2011 revenues of KRW 14.4 trillion (USD [...]
High inflation and low investment hampers recovery, ACCA survey shows
South Asian finance professionals more pessimistic amid disappearing opportunities Rising inflation and flat investment have kept the world’s economic recovery stuck in reverse, the latest Global Economic Conditions survey from ACCA (the Association of Chartered Certified Accountants) has shown. Of the 2,186 ACCA members surveyed between 16 May and 6 June 2011, only 26% reported increased confidence, [...]
JS Investments announces Total Payout of over Rs. 1.2 billion in Open End Funds for FY11
JS Investments Limited (JSIL) has announced a total payout for FY11 (as on June 30, 2011) of Rs. 1,272.8 million in selected open-end funds managed by the Company. The payout in Open-end Funds includes the final payouts of Rs. 1,087.2 million and interim dividend payouts announced during the year of Rs. 185.7 million. This payout [...]
Askari Bank becomes ACCA Gold Approved Employer
ACCA seeks to recognise and reward leading organisations that offer continual learning and development support to ACCA trainees. Having partnerships with over 8,500 employers across the world, ACCA Pakistan recently awarded Askari Bank Limited with Gold approved employer status. The approved employer certificate was presented to Mr M. R Mehkari, President and Chief Executive, Askari Bank [...]
Chief Executive of ACCA awarded OBE
Helen Brand, chief executive of global accountancy body ACCA (the Association of Chartered Certified Accountants) has been awarded the Officer of the Order of the British Empire (OBE) in the Queen’s Official Birthday Honours list today (11 June 2011). Speaking of the honour, Helen Brand says: “I am delighted to be honoured in this way. [...]
Pre-Budget is all about planning the World and Post Budget is about working the plan
ACCA Pakistan considers Pakistan’s Federal Budget 2011 to be aiming for increasing the tax base by acknowledging the need for rational, fair and equitable taxation. The devolution of certain significant budgetary decisions to provinces last year and with agriculture being a provincial subject, the provincial budgets to be announced shortly would assist in assessment of [...]
JS Investments announces successful Maturity of JS Capital Protected Fund IV
JS Investments has announced the maturity of JS Capital Protected Fund IV (JS CPF IV), after successfully completing its tenure of 3 years and 6 weeks on 30th May 2011. JS CPF IV, which was launched in 2008, has successfully achieved its objective of providing 100% security of initial investment to its investors and has [...]
‘World Islamic Finance Summit 2011’ unveils Logo in Karachi
The World Islamic Finance Summit – 2011, will be held in Pakistan on the 21st and 22nd of September, 2011. This is a high-profiled conference to devise collaborative strategies and solutions for the development and promotion of Islamic financing in Pakistan. A special ceremony was held at Karachi Sheraton Hotel on 4th of May, 2011, [...]
UPayments: Ufone & UBL join hands to provide easy to use Mobile Financial Services
UBL and Ufone joined hands to bring easy access to financial services to their common customers here on 21st April 2011. Ufone, one of the leading telecom operators in Pakistan offers Mobile Financial Services under the name of UPayments. This is USSD based secure session service that is extremely customer friendly and has no handset [...]
Allied Bank Limited announces major network award to Multinet Pakistan Pvt. Limited
Allied Bank Limited (ABL) today announced that it has awarded a major contract to Multinet Pakistan (Pvt.) Limited for the upgrade of its nationwide primary branch connectivity on Optical Fiber, thereby reinforcing ABL’s position as one of the top financial institutions of Pakistan. ABL initiated an intensive vendor evaluation to find the best solution to [...]
Nobel Peace Prize Laureate Muhammad Yunus Slated to Join* Microcredit Summit Campaign for Announcement
Nobel Peace Prize Laureate and Grameen Bank Founder Muhammad Yunus*, U.S. Ambassador-at-Large for Global Women’s Issues Melanne Verveer, and Spanish Secretary of State for International Cooperation Soraya Rodriguez Ramos are slated to join microfinance expert Larry Reed and Microcredit Summit Campaign Director Sam Daley-Harris to launch the State of the Microcredit Summit Campaign Report 2011. [...]
Vina Concha y Toro Agrees to Acquire Fetzer Vineyards from Brown-Forman, Expanding its Operations to California
Vina Concha y Toro S.A. (NYSE: VCO) and Brown-Forman Corporation (NYSE: BFA, BFB) announced today the acquisition by Vina Concha y Toro of Fetzer Vineyards and related assets from Brown-Forman in California. The purchase price for the transaction is US$238 million. The transaction is expected to close in April 2011. The acquisition includes a portfolio [...]
2010 Figures: Oikocredit Sharpens Financial and Social Return in 2010
In 2010, concerns have accompanied successes in the development finance sector. For Oikocredit – one of the world’s largest private microfinance financiers – the year was one of solid social and financial performance and further innovations in the field of social performance management. In its 35th year, Oikocredit’s total assets grew 19% to EUR 640 [...]
Nestle Pakistan Shows Strong Growth
The Board of Directors of Nestle Pakistan convened on February 14, 2011 to review the Company’s performance for the year ended December 31, 2010. The leading nutrition company announced good results heralding a prosperous year and sound financials backing its many initiatives. During the period under review, Nestlé’s sales revenue increased by 25 percent and [...]
