Faysal Bank donates Rs10m to SIUT

KARACHI (PR): President & CEO of Faysal Bank Limited (FBL), Nauman Ansari, visited Sindh Institute of Urology and Transplantation (SIUT) where the Head of SIUT, Dr. Adeeb-ul Hasan Rizvi and his crew warmly received him. Dr. Rizvi took Ansari to the Transplant, Pediatric Urology & Nephrology, Oncology and several other departments for orientation purposes and briefed him on the integrated healthcare services being extended absolutely free to the patients who come to SIUT from all corners of Pakistan.

On the occasion Dr. Rizvi said, “The institute’s only challenge is its lack of access to those who cannot manage to come to them for the treatment due to limited resources. That’s why, they have started establishing diagnostic and dialysis centres in different places. At present, four centres in Karachi and one full-fledged unit in Sukkur have been put up for the patients’ ease. It is because of great organisations like Faysal Bank who help us achieve these objectives proficiently.”

Ansari aptly called the facility “a symbol of excellent care in urology and transplantation”, and added ‘Faysal Bank is very contented to be associated with such a remarkable institute, where patients receive their treatment with proper dignity”. Whilst meeting patients, he also met children who had undergone liver transplantation successfully.

Ansari profoundly appreciated Dr. Rizvi’s efforts for the welfare of the people. He donated a cheque of PKR 10 million towards the expanding operational expenses of this state-of-the-art facility. Head HR FBL, M. Merajuddin Ahmed was also present on this occasion.

Packages for CharJi and EVO customers

KARACHI (PR): Pakistan Telecommunication Company Limited (PTCL) on Monday introduced new economical packages for its new and existing CharJi and EVO 9.3 customers through ‘EVO Limitless Packages’. Through this new offer, PTCL customers can experience high-speed wireless broadband connectivity at even more affordable rates with higher data volumes. Customers can avail this offer by purchasing or upgrading to CharJi EVO or EVO Wingle 9.3 devices before 31st October 2015.

Aasif Inam, EVP Product & Pricing, PTCL said, “Our CharJi and EVO product portfolio is opening up new opportunities through high-speed wireless broadband internet connectivity in the country. The new economical packages are designed to meet the diverse data requirements of our customers and provide maximum value for money.”

The new low-cost, high-speed packages offer a range of options starting from as low as Rs. 1,000 with 15 GB limit, while catering to heavy data users with new unlimited packages for only Rs. 2,000 per month. The discounted packages are valid for a period of 6 months from the time of purchase.

NIB Bank’s results show 425pc growth

LAHORE (PR): NIB Bank announced financial results for H1 2015 on Wednesday, 26 August 2015. For the six months ended June 30, 2015, the Bank has posted an operating profit of Rs 3.34 billion compared to an operating profit of Rs 635 million for the same period last year, an increase of 425pc.

Key highlights for the half year ended June 30, 2015, compared to the same period last year are: Operating profit of Rs 3.34 billion, a 425pc increase.

Total revenue increased by 89pc to Rs 6.63 billion.

Net interest income increased by 25pc.

Non-funded income increased by 154pc.

Profit after tax of Rs 1,487 million as against profit after tax of Rs 421 million in H1 2014.

Commenting on the results Atif R. Bokhari, President & CEO, NIB Bank, said, “These results show that NIB Bank is on the right trajectory towards realising its full potential. In H1 2015, the Bank has maintained a strong focus on improving organisational efficiency and responsiveness to customer needs, while achieving revenue growth and rationalising costs. With continued focus, NIB Bank can achieve even better results going forward.”

BOK earns Rs710m PAT for half year 2015

ISLAMABAD (PR): As per financial results for the half year ended June 30, 2015, The Bank of Khyber (BOK)’earned Rs 710.035 million Profit After Tax (PAT) its first six months of 2015, showing 12pc growth over the PAT of corresponding period of 2014 which was Rs. 633.734 million.

The half year results were discussed in a meeting of the Bank’s Board of Directors, which was chaired by Dr. Hammad Uwais Agha, Additional Chief Secretary, Government of Khyber Pakhtunkhwa & Chairman BOK Board of Directors.

The meeting was also attended by Shams-ul-Qayyum, Managing Director & CEO BOK, Ahmad Hanif Orakzai Secretary Finance Government of Khyber Pakhtunkhwa, Members of BOK Board Maqsood Ismail Ahmad, Rashid Ali Khan and Asad Muhammad Iqbal.

The Board showed their satisfaction over the performance and growth in all operational areas of the BOK during the period under review and approved the Half Yearly Accounts for the period 30th June 2015. The Board was also informed that during the period Bank’s operating profit was recorded at Rs 1,609.275 million showing growth of 63pc over Rs. 987.646 million of corresponding period of 2014. The BOK total assets recorded at Rs. 142.457 billion showing 32pc growth over corresponding period of 2014 which were Rs. 108.192 billion as compared with June 30, 2014 whereas BOK investment recorded at Rs. 82.682 billion registering growth of 55pc against Rs 53.363 billion of corresponded period of 2014. Dr. Hammad Uwais Agha Chairman BOK Board appreciated the Management for its continued positive performance in almost all areas of its operations and advised them to work with more dedication and devotion to further improve these operational achievements in the time to come. He advised that Branches should be opened as permitted by SBP during 2015, as increased net work of branches will further improve our operational growth across the country. The Chairman appreciates the efforts of branches in achieving the operational targets and advised the Management to guide & support field staff to work more with dedication to continue these achievements in rest of the year and ahead. He said increase in profitability is due to team work at all levels and we can get more good results with the collective efforts in all operational areas on regular basis He said that Rs.710.035 million profit after tax by the end of June 2015 show the confidence of general public on BOK policies and its vital role being played for socio-economic uplifts across the country.

Eni discovers gas field in Egyptian offshore

SAN DONATO MILANESE (PR): Eni has made a world class supergiant gas discovery at its Zohr Prospect, in the deep waters of Egypt. The discovery well Zohr 1X NFW is located in the economic waters of Egypt’s Offshore Mediterranean, in 4,757 feet of water depth (1,450 metres), in the Shorouk Block, signed in January 2014 with the Egyptian Ministry of Petroleum and the Egyptian Natural Gas Holding Company (EGAS) following a competitive international Bid Round.

According to the well and seismic information available, the discovery could hold a potential of 30 trillion cubic feet of lean gas in place (5.5 billion barrels of oil equivalent in place) covering an area of about 100 square kilometres.

Zohr is the largest gas discovery ever made in Egypt and in the Mediterranean Sea and could become one of the world’s largest natural-gas finds. This exploration success will give a major contribution in satisfying Egypt’s natural gas demand for decades.

Eni will immediately appraise the field with the aim of accelerating a fast track development of the discovery that will utilise at best the existing offshore and onshore infrastructures.

Zohr 1X NFW was drilled to a total depth of approximately 13,553 feet (4,131 metres) and hit 2,067 feet (630 metres) of hydrocarbon column in a carbonate sequence of Miocene age with excellent reservoir characteristics (400 metres plus of net pay). Zohr’s structure has also a deeper Cretaceous upside that will be targeted in the future with a dedicated well.

Eni’s CEO, Claudio Descalzi, has recently travelled to Cairo to update Egypt’s President, Abdel Fattah Al-Sisi, on this important success, and discuss this discovery with the Prime Minister, Ibrahim Mahlab, and the Minister of Petroleum and Mineral Resources, Sherif Ismail.

UC browser next

generation phone networks

LAHORE(PR): UC Browser, Pakistan’s number one mobile browser with over 26.3pc market share, has outperformed in a trial over NGMNs (The Next Generation Mobile Networks), delivering three times faster download speed comparing other mobile browsers. In a series of internet downloading demos conducted by leading sites, data download and web browsing was typically three times as fast as existing other mobile browsers, with the average download speed under 3G and 4G-LTE networks.

For millions of smartphone users around the globe, fast web browsing and downloading speed is critical in the selection of selection mobile browser app selection. UC Browser has therefore been delighted to enhance its downloading performance by leveraging the cloud technology to ensure super-fast browsing experience.

These trials are an imperative proof towards a super-powered mobile browser that can truly transform the mobile browsing experience by providing the unique UC technologies that can meet the capabilities of today’s smartphones.

Honoured

ISLAMABAD (PR): Summiya Najam of Roots Millennium School Flagship Millennium Campus I-9/3 Islamabad Obtained 6 A’s in A levels with the Subjects of Che, Eco, Hist, Maths, Sociology, Urdu. Flagship Millennium Campus I-9/3 is a Centre of Academic excellence for O, IGCSE, As and A Levels.