FFC-Al Shifa free eye camp

ISLAMABAD (PR): FFC CSR in collaboration with Al Shifa Eye Trust have initiated a programme for the treatment, cure and awareness on eye related medical subjects in the proximity of Rawalpindi District. FFC and Al Shifa are arranging 5 eye camps in remote and far off locations, which are deprived of basic as well as specialized medical facilities. In continuation with the successful first 3 camps arranged at Kotli Sattian, Kahuta and Chak Beli Khan, the 4th   camp has been arranged at the densely populated area of Khayyaban e Sir Syed, in the heart of Rawalpindi city.

The area was selected specifically considering the over stretched health facilities along with slums which are deprived of basic health facilities.

KASB Securities honoured

KARACHI (PR): KASB Securities has been ranked best for overall country research in Pakistan by Asiamoney Brokers’ Poll, receiving the majority of the votes and literally clean sweeping the individual sector categories by being ranked as the best in Strategy, Macroeconomics & Telecommunication Services. KASB Securities has also topped the Events and / or Conferences & Roadshows and Company Visits categories of the Brokers’ Poll. Testimony to the depth of services offered by KASB, Asiamoney had honored KASB with Best Equities House award, earlier this year.

NBP deposits up by Rs 131b

KARACHI (PR): The Board of Directors of National Bank of Pakistan in their meeting held on October 25, 2013 for the quarter and nine months period ended September 30, 2013.

During the quarter under review the bank provided further general provision of Rs4.0b making total general provision held at Rs6.8b. This charge reduced the pre-provision quarterly profit of Rs4.632b to Rs 57 million (pre-tax profit). For nine months pre-tax profit amounted to Rs. 8.06 billion as against Rs 17.977 billion of last year. Deposits compared to September 2012, increased by Rs 131 billion, whereas advances increased by Rs. 71 billion including high yielding advance salary, gold and agriculture loans. Total assets show yearly increase of Rs.107 billion. The bank is well capitalized with capital and reserves of Rs 145.850b and capital adequacy ratio of over 15pc.

BOPs’ Debit Mastercard

LAHORE (PR):  The Bank of Punjab has recently launched Debit Card powered by MasterCard that offers its customers a wide range of lifestyle benefits ranging from worldwide acceptance and an extremely safe and secure system. This cash alternative from BOP for everyday transactions further enriches their shopping experience. BOP is the first bank in Pakistan to go for Master Debit Card issuance over 1Link. This will also be BOP’s first set of branded debit cards. Through the launch of BOP Debit MasterCard, customers can now use their debit cards globally at all MasterCard accepting POS locations and ATMs.

MasterCard is accepted at over 36 million locations worldwide. Coming from one of the largest networks of payment cards, MasterCard’s debit card is a symbol of convenience, accessibility and control.

An official signing ceremony was attended by Raghu Malhotra, Divisional President, Middle East & North Africa – MasterCard and  Mustafa Hamdani, Group Head, Payment Services.

Head & Shoulders goes Boom Boom!

KARACHI (PR): Head &Shoulders recently unveiled special edition shampoo bottles for Pakistani consumers, featuring famous cricketer and Head & Shoulders’ long-term ambassador, Shahid Afridi at a star studded cricket event. These exclusive bottles will be available in the market for six months only.

The announcement was made at Moin Khan Academy, Karachi where Shahid Afridi unveiled a larger than life head & shoulders bottle in front of an extremely excited audience. The event was also a celebration of Cricket - the game that brings all Pakistanis together.

The unveiling of the bottle was followed by a very special T20 cricket match that saw Afridi XI come face to face with the Pakistan Showbiz Team, which was led by famous actor Adnan Siddiqui and celebrities like, Humayun Saeed, EjazAslam, Faisal Qureshi and Fahad Mustafa to name a few.

HBL declares 2nd dividend

LAHORE  (PR):  The Board of Directors of HBL in its meeting held on 25 October 2013 reviewed the performance of the Group and approved the financial statements for the nine months ended 30 September 2013.   The Board of Directors of HBL has declared second interim dividend of Rs.2 per share for the year ending 31 December 2013, making total dividend of Rs.6 for the nine months ended 30 September 2013.  The profit after tax for the quarter July - September 2013 at Rs.6.2 billion was up by 14.3% compared to previous quarter April – June 2013. 

The improvement in profitability during the quarter July – September 2013 was possible mainly due to increase in net interest income by Rs. 1.1 billion or 8.5% on account of increase in deposits and change in deposit mix.  Increase in Non-Interest Income by Rs.0.6 billion or 15.8% also contributed towards improved profitability during the quarter July – September 2013.  The pre-tax and after tax profit of HBL for the nine months ended 30 September 2013 was Rs.25.1 billion and Rs.16.7 billion respectively as against Rs.28.1 billion and Rs.17.4 billion respectively in the corresponding period last year. 

The earning per share after tax was Rs.12.43 for the nine months ended 30 September 2013 as against Rs.12.92 in the corresponding period last year.

The deposit of HBL as on 30 September 2013 stood at Rs.1268 billion showing growth of 4.4% compared to 31 December 2012.  The CASA of HBL improved to 74.3% as on 30 September 2013 as against 67% as on 31 December 2012. The Capital Adequacy Ratio was maintained above 15% as on 30 September 2013.