PTCL records robust performance in FY2015

ISLAMABAD - PTCL announced its annual financial results for the year ended December 31, 2015 in a meeting of PTCL Board of Directors held at Islamabad.
PTCL earned revenues of Rs 75.8 billion for the FY 2015. Data revenues significantly increased by 12% compared with last year. The company’s profitability continued to remain stable despite competition, especially in the broadband segment. Gross and net profit of the company stood at Rs. 22.0 billion and Rs. 8.8 billion respectively. PTCL group’s revenues for the year stood at Rs. 118.6 billion. PTCL cash flows remained healthy and stable in FY 2015 due to continuous efforts to optimize costs as well as strong market position. This impetus continued across all business activities of PTCL including the fixed and wireless broadband and enterprise solutions.
Walid Irshaid, President & CEO PTCL said, “Our robust results again demonstrate the ability of our diversified line of business to perform to the expectations of our shareholders.” He further added, “PTCL’s performance during the past year is a strong indicator of our dynamic corporate direction, as well as our customers’ continued satisfaction in company’s products and services”. PTCL has declared 20% final cash dividend, inclusive of 10% interim dividend.

BankIslami Pakistan joins hands with KFC Pakistan
KARACHI (PR): BankIslami Pakistan Limited has signed an agreement with KFC Pakistan to provide amazing discount deals to all BankIslami Visa cardholders. Now cardholders can avail BankIslami Zinger Deal & BankIslami Family Deal with an amazing discount of up to 40%. These deals can be availed from 18th February, 2016 onwards on all dine-ins & take-aways at all 62 KFC outlets nationwide.

Chinese food festival

LAHORE (PR): Five days Chinese food festival has been inaugurated at Taipan Restaurant, PC Hotel. A large number of Chinese, honorable guests, politicians, local and foreign tourists attended the ceremony. Chinese food festival will run till February 13th. Haseeb Amjad Gardezi, vice president (operation), Mohammad Jawad, newly appointed GM PC Hotel Lahore, and others were present on the occasion.

Universal McCann named ‘media agency of 2016’
KARACHI (PR): Following last week’s announcement that Universal McCann (UM) has been named “agency of the year” for 2016 by the advertising magazine, Ad Age, this week brings news of another triumph as ADWEEK has awarded the UM network “Media agency of the year”. This follows a number of high profile new business wins including Coke and Johnson & Johnson. “Winning both titles is quite a rare occurrence and thoroughly deserved in this instance and we look forward to exceeding the high standards we have set ourselves” commented Ian Majewski, Orient Universal McCann CEO for Pakistan .

FFC wins SAFA award
ISLAMABAD (PR): Fauji Fertilizer Company (FFC) has added yet another feather to its cap by being conferred with the Best Presented Annual Report Award 2014, in the Manufacturing Sector category by the South Asian Federation of Accountants (SAFA). The award is presented to recognize and nurture professional excellence in the field of financial reporting in the region and winners are selected after systematic evaluation of the published annual reports by an eminent panel of judges from leading professional institutions across the region, says a press release.

Finance Minister Ishaq Dar was presented to Munir Malik, CFO FFC, at an event held in Lahore.

FFC’s Annual Report 2014 had earlier won the first position in corporate reporting and sustainability at an event jointly organized by the Institute of Chartered Accountants of Pakistan and Institute of Cost and Management Accountants of Pakistan.
FFC has had the honour of receiving prestigious awards in the past as well. These awards are an addition and a testament of Company’s commitment to win recognition for transparency, accountability and governance of business in Pakistan while effectively pursuing multiple growth opportunities in an ethically and socially responsible manner.

RIS signs MoU with Turkish Airlines
ISLAMABAD (PR): Roots International Schools (RIS)signed a memorandum of understanding (MoU) with the Turkish Airlines at the school’s Wellington Campus on Wednesday.
Walid Mushtaq, RIS.CEO, and Ahmet Uludag from the Turkish Airlines signed the MoU.

The MoU has been signed to create a linkage between the airlines and the academia. This will be favourable for both the organisations, as they pursue long-term corporate relations Around 900 students visit nearly 160 destinations, every year, under the globally accepted scholarships, and the MoU serves exactly the same purpose.
The CEO informed the students how this understanding would help them chase their dreams.
RIS today has gone beyond education and schooling; it is changing the national educational landscape through its award winning curriculum, beyond the classroom teaching and learning initiatives, teacher training programmes, thus promoting ‘social change’ and ‘community re-engineering.’

Donation of Suzuki Bolan Van
KARACHI (PR): Pak Suzuki recently donated a Suzuki Bolan Van to JS (Jahangir Siddqui) Academy for the deaf to cater the need of transportation for deaf students. Deputy Managing Director Pak Suzuki Tetsuya Fujioka was the chief guest of the ceremony.