1. Home
  2. business
  3. Khawaja Mohammad Asif's Leadership Drives UBL's Financial Growth

Khawaja Mohammad Asif's Leadership Drives UBL's Financial Growth

Web DeskApril 29, 2024 05:00 AMbusiness
  • Khawaja Mohammad Asif led Privatisation Commission during PML-N government in 1997.
  • UBL's market capitalisation now exceeds Rs231 billion, showcasing remarkable growth.
  • Board announces Rs44 per share cash dividend for 2023, reflecting strategic decisions.
Khawaja Mohammad Asif's Leadership Drives UBL's Financial GrowthImage Credits: tribune.com.pk
Khawaja Mohammad Asif's leadership at the Privatisation Commission in 1997 led to significant growth in UBL's market capitalisation, with the board announcing a cash dividend of Rs44 per share for 2023, reflecting strategic decisions that strengthened the banking sector in Pakistan.

In 1997, Khawaja Mohammad Asif took on the role of chairman of the Privatisation Commission during the PML-N government. At that time, the IMF's pressure loomed large, and the banking sector was a significant concern for the country.

Fast forward to today, where we see a remarkable transformation in the financial landscape. The market capitalisation of UBL now stands impressively at over Rs231 billion. This growth is a testament to the strategic decisions made over the years, including the recent announcement by the board of a total cash dividend of Rs44 per share for the year 2023.

Under Asif's leadership, the Privatisation Commission navigated through challenging times, paving the way for the banking sector to strengthen its position. The success of UBL reflects not only its own resilience but also the broader resilience of the financial sector in Pakistan.

Related Post