ABL profits up 59pc

Published October 31, 2006

KARACHI, Oct 30: Allied Bank Limited (ABL) has posted an operating profit of Rs6 billion reflecting a growth of 59 per cent as compared to the corresponding period of last year, says a press release.

The board of directors of the bank approved the accounts for nine months ended September 30, 2006 in the meeting held on Monday.

The profit after-tax was Rs3.4 billion against Rs2.1 billion during the same period last year registering a growth of 65 per cent. The earning per share jumped to Rs7.53 from Rs4.57.

Opinion

Editorial

Doctor attacked
09 Jun, 2026

Doctor attacked

AN act of reprehensible violence has shaken the medical community. On Saturday, an employee of the Provincial Civil...
AJK flare-up
Updated 09 Jun, 2026

AJK flare-up

The situation started deteriorating after a trader affiliated with the JAAC was reportedly shot in an altercation with law-enforcers.
Fault lines
09 Jun, 2026

Fault lines

THE April 8 ceasefire that halted hostilities between Israel and Iran has encountered its most serious test yet....
Soft on traders
08 Jun, 2026

Soft on traders

THE Fixed Tax Asaan Scheme for traders with an annual turnover of up to Rs200m has been designed as a ‘pragmatic...
Ceasefire in name
Updated 08 Jun, 2026

Ceasefire in name

Both sides accuse the other of violating the truce that was supposed to halt the conflict in April, yet neither appears willing to abandon negotiations altogether.
Damaged childhoods
08 Jun, 2026

Damaged childhoods

CHILD abuse is so prevalent that the UN ranked Pakistan as the least safe country for children. Even so, more than...