Habib Bank’s earnings up 13% The Habib Bank Limited (HBL) announced the earnings for 2021 at Rs35 billion, depicting a surge of 13 per cent. The jump in the earnings on a yearly basis is primarily due to reduced provisioning charges, as last year saw elevated expenses, as part of building general coverage along with … Read more
KARACHI: Moody’s has assigned a B3 rating to the proposed US dollar-denominated trust certificates (Sukuk) issuance by the government of Pakistan, a statement said. The Sukuk will be issued through the Pakistan Global Sukuk Programme Company Limited, a special purpose vehicle, which is wholly-owned by the government and whose debt and trust certificate issuances are, … Read more
DUBAI: The growing demand in Islamic and environmental, social, and governance (ESG)-compliant investments is expected to increases asset inflows over the next 12 months, Arab News reported. This is according to the asset managers in Gulf countries, based on Moody’s 2021 survey of chief investment officers (CIOs) from eight leading fund firms. “Half of CIO … Read more
