ABPL earns Rs 505m gross profit

KARACHI Al Baraka Bank (Pakistan) Limited declares a pre tax profit of Rs. 505 million in its 1st year after merger, says a press release. Steady growth trajectories, comprehensive product portfolios, increasing network points all this has aided this niche market to gain popularity. Al Baraka Bank (Pakistan) Limited (ABPL) has not only pioneered in Islamic banking in Pakistan dating back two decades, but has also shown tremendous progress in the current economic mayhem, which is evident from the results for the period ended September 2011. The first year has been highly flourishing for Al Baraka, as the bank has witnessed a sea change in terms of burgeoning growth. The assets have increased by 31pc from Rs.52.5 billion at the time of merger, to more than Rs.68 billion as of September 2011. DuPonts medical support KARACHI DuPont Pakistan Operations (Pvt.) Ltd. under the DuPont Community Fund Program [DCF] will contribute to SOS Childrens Village Community Clinic and fund medical and clinical expenses for the year, says a press release. SOS Pakistan is a private social welfare organization providing orphans and abandoned children a home, good nurturing and a fair chance in life, a new and permanent home. Nivea completes 100 years KARACHI Management of the Nivea cream celebrated 100 years completion of the product, says a press release. 2011 marks the centenary of Nivea crme the cosmetic cream that has for decades been a symbol of trusted care for millions of happy customers. Nieva family now contains around 500 skin and beauty care products that are enjoyed by customers in more than 200 countries. NIVEAs successful history is full of highlights that make it one of the most loved skin care brands in the world .

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