FDIBL

AcronymDefinition
FDIBLFirst Dawood Investment Bank Limited (Pakistan)
FDIBLFirst Dawood Islamic Bank Limited (Pakistan)
References in periodicals archive ?
The then chairmen Abid Javed Akbar and Ayaz Khan Niazi along with the then executive directors and members of the investment committee of the NICL have been accused of allegedly investing Rs100m illegally in the FDIBL in violation of the policy and favouring the private bank, thus causing a loss of Rs67.057m.
The spokesperson said that the investment was made by the accused persons in violation of policy and with the mala fide intention of illegally favouring FDIBL by boosting their financial health.
The said investment was made by the accused persons in violation of policy and with the mala fide intention of illegally favouring FDIBL by boosting their financial health.
Similarly in the Financial Services Sector, the cointegrating regression for FDIBL/FCSC pair exhibits a cointegrating coefficient of 0.1910 indicating the number of FCSC units to be held short for every one unit of FDIBL held long.
The NAB reference was made as the accused violated the policy with the malafide intention of illegally favouring FDIBL by boosting their financial health.
300 million, AGPL has already re-paid the significant balance to other institutions and completely paid off the balance repayable to FDIBL,' said the spokesman.
In a statement, NAB said that Shahab Siddiqui, a former manager of the investment policy at the NICL, was part of an in-house investment board that processed and approved alleged illegal investment of Rs100 million in the First Dawood Investment Bank Ltd (FDIBL) during 2008-09.
First Dawood Investment Bank Limited (FDIBL +14.42 per cent) followed with 10.98 million shares traded.
Volume leaders were: FDIBL, UNITY, SSGC, FCCL and BOP.
KARACHI -- The National Accountability Bureau (NAB) on Friday filed a corruption reference against 10 serving and former officers of the National Insurance Company Limited (NICL) and others in connection with Rs100 million alleged illegal investment made in the First Dawood Investment Bank Limited (FDIBL).
A major contribution to total market volume came from KEL (-4.78 per cent), FDIBL (+1.99 per cent) and BOP (-4.01 per cent) churning 29.64mn shares out of the All Share volume of 176.12mn shares.
Ltd 44m; Pace Pak Ltd 44m; Engro Fertilizer 36m; Dost Steel Mills Ltd 34m; FDIBL 29m; SSGC 24m; Bank of Punjab 22m; Lotte Chemical 20m; Japan Power and Engro Polymer 16 m each.