The exports target for textile set at $25 billion by FY2023
Pakistan total textile exports reported mixed trend in last three years. It earned export revenue of $13.32 billion in Financial Year 2019 (July – June) but rose to $12.53 billion…
Pink October messages growing in Pakistan
In 2020, at least 2.3 million women had breast cancer and 685 000 deaths globally (WHO, 2021). At the same time, in Pakistan, about 36,000 breast cancer cases were diagnosed…
Avanceon Ltd results affected due to lower contracts executed during the quarter
AVN has posted 3QCY21 consolidated NPAT of PKR156mn (EPS: PKR0.61), down 51% yoy and 36% qoq. This takes the 9MCY21 net profits to PKR642mn (EPS: PKR2.50), up 55% yoy, The…
Saudi loan stabilising economy and rupee: Mian Zahid Hussain
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said Saudi loan has improved…
Nishat Mills Limited earnings increased by 248% YoY and 44% QoQ
Nishat Mills Limited (NML) announced its financial result for 1QFY22 whereby the company declared a highest ever quarterly earnings of PKR 3,291mn (EPS: PKR 9.36) compared to profit of PKR…
A brief review of 9MCY21 results of Bank Of Punjab
BOP announced earnings today at PKR 8.7bn (EPS:PKR 3.26) for 9MCY21, depicting an impressive YoY uptick of 50% while down 16% QoQ (3QCY21 EPS: PKR 1.18). Earnings posted a sequential…
The Hub Power Company earning in 1QFY22, down due to 34% YoY decline in share of profit form associates
The Hub Power Company Limited (HUBC) announced its 1QFY22 financial result today where the company posted a profit after tax (PAT) of PKR 7,416mn (EPS: PKR 5.72), down by 9%…
AGP Ltd posts strong result despite an earnings miss in 3QCY21
AGP has reported 3QCY21 NPAT of PKR342mn (EPS: PKR1.22), down 17% yoy and 12%qoq. The result is lower than our estimated EPS of PKR1.60, where the deviation has stemmed from…
Gul Ahmed Textile Mills Ltd mixed result for 1QFY22
Gul Ahmed Textile Mills (GATM) reported consolidated NPAT of PKR1.2bn (EPS: PKR2.27) for 1QFY22, up a sharp c.70% yoy while down c.30% qoq. The 4Q result is lower than our…
Introducing Meta: A social technology company
Today at Connect 2021, CEO Mark Zuckerberg introduced Meta, which brings together our apps and technologies under one new company brand. Meta's focus will be to bring the metaverse to…
Octopus Digital no bonus but encouraging result for 09MCY21
The Board of Directors of Octopus Digital Limited in their meeting held on Friday, 29 October 2021 at 10:30 AM, at the Avanceon Building, 19-Kms, Main Multan Road, Lahore, online,…
OGDC announced an interim cash dividend of PKR 1.75/share for 1QFY22
Oil and Gas Development Company Limited (OGDC) announced its financial result today, posting a profit after tax (PAT) of PKR 33,629mn (EPS: PKR 7.82) in 1QFY22 in contrast to PKR…
Byco Petroleum named factors influencing refinery sectors
Byco Petroleum Pakistan Limited has named reasons that influenced its refinery sector. According to the Company quarterly detailed report released today, the current quarter (July – Sept) witnessed severe Pak…
KATI expressed gratitude of the firefighters responded timely at Korangi Sector 15 & 27
President Korangi Association of Trade and Industry (KATI) Salman Aslam has expressed his gratitude for the timely action of fire tenders in the Korangi Sector 15 and 27 fire incidents.…
Arts Council of Pakistan Karachi conducts music workshop
Arts Council of Pakistan Karachi conducts a workshop with the popular singer Jawwad Ahmed for the students of Arts Council's music academy in the Auditorium II. Speaking on the occasion,…
Careem further strengthen its safety protocols by on-boarding specialised agencies
100% of active captains now undergo criminal background checks (which will include checks by law enforcement agencies) All activated vehicles undergo criminal and physical inspections First Information Report (FIR) will…
Khushhali Microfinance Bank supports education in Rural Punjab
Khushhali Microfinance bank Limited (KMBL) is a leading financial institution, operating in Pakistan, with a commitment to elevate the quality of health, education and living-standards, for the deprived masses. Continuing…
Daily cargo handling report of Karachi port trust
The Karachi Port Trust handled 165,988 tons of cargo comprising 114,681 Tones of import cargo and 51,307 Tons of export cargo during last 24 Hrs ending at 0700 Hours. TOTAL…
Lucky Cement awarded MAP’s Corporate Excellence Award
Lucky Cement won the Management Association of Pakistan's Corporate Excellence Award in the Cement Sector category. Mr. Noman Hasan, Executive Director of Lucky Cement Limited received the award at the…
Zong4G becomes official connectivity partner of TCS
Zong 4G has become a connectivity partner of TCS, Pakistan's largest logistics network, further expanding its corporate clientele and boosting its position as a vital communications solutions provider for enterprises.…
Telenor Pakistan launches its B2B solutions to help businesses ‘get future ready’
Being a frontrunner in empowering societies in the country, Telenor Pakistan has launched its state-of-the art suite of business solutions to ensure its business customers stay future ready. With constantly…
Shell Pakistan and PAPCO to develop an advanced multi-grade pipeline to transport gasoline
Shell Pakistan Limited (SPL) has entered into a 10 year agreement with Pak-Arab Pipeline Company Limited (PAPCO) to upgrade transportation of fuel through a multi-grade pipeline. Currently, the pipeline system…
NBP posts a 27% growth in balance sheet and 8.4% in net assets
The Board of Directors of National Bank of Pakistan "NBP" "the Bank" met today to review the financial performance of the Bank and approve the condensed interim financial statements for…
Standard Chartered Bank Pakistan announces Q3 2021 results
Highlights: Profit before Tax of PKR 18.4 billion Strong growth in net advances of 26 per cent Healthy increase in deposits of 7 per cent Cost discipline continues with an…
SBP reserves decreased by US$ 346 million, Saudi impact would reflect next week
According to State Bank of Pakistan, the total liquid foreign reserves held by the country stood at US$ 23,933.8 million on 22-October-2021. The Saudi helps of $ 3 billion would…