TIBL

AcronymDefinition
TIBLThermal Internal Boundary Layer
TIBLTrust Investment Bank Limited (Pakistan)
TIBLTactical Information Broadcast Line
References in periodicals archive ?
Thus total amount recovered by NAB from TIBL including the already deposited amount of Rs.
In February 2011, it was noticed that the investment made with TIBL was in breach of the Finance Division instructions, as well as the provisions of Section 14 of the PC Ordinance.
The TIBL was therefore requested for an early withdrawal of the invested amount in February 2011.
However, TIBL not only refused to return the amount but also expressed its inability to return the amount even upon maturity ie in May and June 2011, respectively.
After liaising with the Finance Division, State Bank of Pakistan (SBP) and Securities and Exchange Commission of Pakistan (SECP), PC and TIBL entered into a Settlement Agreement on November 28, 2011, whereby TIBL deposited eight post-dated cheques with PC spanning over a span of 12 months for the repayment of the principal outstanding amount of Rs 500 million, while agreeing to service mark up at 14 percent per annum on the outstanding amount.
In his application, he has submitted that total invested amount with TIBL was Rs.
60 million as profit has already been paid to Privatization Commission by TIBL and the remaining liability of Rs.
The sources said that during inquiry proceedings, TIBL moved a settlement plan of Rs.
Whereby, TIBL deposited eight post-dated cheque with PC spanning over a span of 12 months for the repayment of principal outstanding amount of Rs 500 million while agreeing to service mark up at 14 percent per annum on the outstanding amount.
Subsequently, the Supreme Court also took a suo motto notice of the matter and directed FIA and NAB to investigate the matter along with the Finance Division and the Privatization Commission to ensure that every effort would be made for recovery of the amount invested with TIBL along with markup.
After liaising with Finance Division, State Bank of Pakistan (SBP) and Securities and Exchange Commission of Pakistan (SECP), PC and TIBL entered into a Settlement Agreement on 28 November 2011, whereby TIBL deposited eight post-dated cheques with PC spanning over a span of 12 months for the repayment of principal outstanding amount of Rs.
Third against Javed Pervez, CEO IESCO, Najam javed, Director Finance, Asif Kamal, former President TIBL and others.