Corporate Watch

Published July 31, 2015

Pacts signed to promote Islamic finance

KARACHI: The State Bank held a signing ceremony on Thursday for Financial Innovation Challenge Fund (FICF) Round 3 on promoting excellence in Islamic finance under its financial inclusion programme.

The ceremony marks the beginning of the implementation phase of the FICF innovative Islamic finance education and research projects in partnership with leading higher education institutions.

At the ceremony, three projects were signed with the Institute of Business Administration (IBA), Lahore University of Management Sciences (LUMS) and Institute of Management Sciences (IM Sciences).

Royal Bank of Scotland reports profits rise

LONDON: State-rescued Royal Bank of Scotland on Thursday announced a 27 per cent rise in net profits for the second quarter. Profit after tax climbed to 293m pounds ($457m) in the three months to June compared with a net gain of 230m pounds a year ago, the group said in a statement.—AFP

Sony’s June profits more than triple to $664m

TOKYO: Sony said Thursday its April-June net profit more than tripled to $664 million and kept its full-year forecast unchanged, as the company emerges from a painful corporate restructuring that included layoffs and asset sales.

The electronics giant logged a quarterly net profit of 82.4bn yen ($664m), while operating profit also jumped 38.8 per cent to 96.9bn yen, pointing to strong demand in its PlayStation games division. But overall sales were flat, edging down 0.1pc to 1.8 trillion yen.

Published in Dawn, July 31st, 2015

On a mobile phone? Get the Dawn Mobile App: Apple Store | Google Play

Opinion

Editorial

Slow start
Updated 15 Jun, 2024

Slow start

Despite high attendance, the NA managed to pass only a single money bill during this period.
Sindh lawlessness
Updated 15 Jun, 2024

Sindh lawlessness

A recently released report describes the law and order situation in Karachi as “worryingly poor”.
Punjab budget
15 Jun, 2024

Punjab budget

PUNJAB’S budget for 2024-25 provides much fodder to those who believe that the increased provincial share from the...
Budget and politics
Updated 14 Jun, 2024

Budget and politics

PML-N, scared of taking bold steps lest it loses whatever little public support it has, has left its traditional support — traders — virtually untouched.
New talks?
14 Jun, 2024

New talks?

WILL this prove another false start, or may we expect a more sincere effort this time? Reference is made to the...
A non-starter
14 Jun, 2024

A non-starter

WHILE the UN Security Council had earlier this week adopted a US-backed resolution calling for a ceasefire in Gaza...