The World Health Organisation (WHO) predicts a staggering over 1 billion smokers into 2025 and beyond, indicating that tobacco control measures which are aimed at curbing adoption and encouraging quitting are proving to be not as effective. Countries are hence rethinking their traditional tobacco control policies; by adding a ‘harm reduction’ approach, to offer adults who would otherwise continue to smoke, scientifically substantiated less harmful products as alternatives.… Continue
ACCA is marking the Earth Day 2021 today with its activities around the world focusing on how professional accountants can play a key role in making businesses more sustainable. In Pakistan, ACCA has partnered with WWF-Pakistan to hold ‘Earth Day Conversation 2021’ featuring top thought leaders educating the business community on serious climate risks and sharing how professionals can address climate change impacts and promote sustainability.… Continue
Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said foreign investors are finding new investment destinations therefore Pakistan should try to lure them.… Continue
The Karachi Port Trust handled 154,036 tons of cargo comprising 109,526 Tones of import cargo and 44,510 Tons of export cargo during last 24 Hrs ending at 0700 Hours.
TOTAL IMPORT CARGO:
The total import cargo of 109,526 comprised of 54,000 Tons of Containerized Cargo, 2,742 Tons of DAP, 3,843 Tons of Rock Phosphate,4,871 Tons of Soya Bean Seeds and 44,070 Tons of Oil/Liquid Cargo
TOTAL EXPORT CARGO:
The total export cargo of 44,510 tons comprised of 38,677 tons of containerized cargo, 5,833 Tons of Clinkers.… Continue
committed to its mission of empowering Pakistanis across the length and breadth of the country, Pakistan’s top cellular and digital services company, Zong 4G, has introduced unbeatable call and data offers for Chiniot and Jhang.
Called ‘Apna Shehr Chiniot’ and ‘Apna Shehr Jhang’ offers, these new packages give users of the cities complete freedom to fulfill all their communications needs for the whole week.… Continue
· Market traded in a narrow range today between -174pts and +227pts, closing the session -35pts (unadjusted). Investors already appeared somewhat despondent of the financial results and indifference of pertinent stocks to those results, NCOC’s hint towards lock down of major cities added fuel to fire.… Continue
Maple Leaf Cement Factory Limited announced its results for 3QFY21, reporting a PAT of PKR 1,223Mn (EPS: PKR 1.11), up 53% QoQ. The 9MFY21 PAT clocked-in at PKR 2,849Mn (EPS: PKR 2.59), compared to LAT of PKR 2,727Mn (LPS: PKR 2.48) in 9MFY20.… Continue
Pakistan Press Foundation (PPF) is alarmed and concerned at the murder attempt on Absar Alam and strongly supports calls for a judicial inquiry into the attack so that the motives and identities of the perpetrators behind the attack are uncovered.
Alam, who is the former chairperson of Pakistan Electronic Media Regulatory Authority (PEMRA) and former editor of Daily Nation, Islamabad was shot in Islamabad on April 20, as he was taking an evening stroll near his house.… Continue
MEBL has posted 1QCY21 consolidated NPAT of PKR6.0bn (EPS: PKR4.28), up 20% yoy, and 47% qoq. An earnings beat vs. our projected EPS of PKR3.35 – led by (i) surprisingly flat net spread income (vs. an expected decline), (ii) lower-than-expected provisioning expenses, and (iii) strong rebound in fee income likely to be led by high trade commissions.… Continue
Habib Bank Limited (HBL) announced its 1QCY21 results today reporting above expected earnings of PKR 8.3Bn (EPS: PKR5.7), ↑104/46% YoY/QoQ respectively. Along with the result, the bank announced an interim dividend of PKR 1.75/sh.
Key high-lights of the result are summarized below:
Net Interest Income (NII) shot up by a sizable 16% on a YoY basis, which we opine, emanated from the high yielding investments book of the bank that kept NIMs de-cline under check despite the low interest rate environment.… Continue
ILMA projected the topic incredibly well in its webinar Living the Disruptive 21st Century with a 20th Century Education. This virtual session was conducted by Dr Hamid Ali Khan, Assistant Professor, University of Central Asia, Kyrgyzstan. This amazing webinar highlighted the stark disparity in education which was created by manoeuvring the 21st Century road map with the previous century’s outdated knowledge and tools.… Continue
FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results on April 20th, 2021. The Company reported Q1 revenue of Rs. 11.6 billion, registering 18%growth year-over-year, illustrating strong and sustained topline growth.
Facingsharp increases in commodity costs due to inflation, and Covid-19 related challenges, the Company took initiatives to improve cost-efficiencies and accelerate financial performance.… Continue
The Board of Directors of MCB Bank Limited (MCB) in its meeting under the Chairmanship of Mian Mohammad Mansha, on April 20, 2021 reviewed the performance of the Bank and approved the condensed interim financial statements for the first quarter ended March 31, 2021.… Continue
Emirates Skywards, the award-winning loyalty programme of Emirates and flydubai, has rolled out an exclusive offer to help members fast-track to a higher tier status. Members can automatically earn double Tier Miles on all Emirates and flydubai flights booked from 1 April until 30 June, for travel between 1 April and 31 December 2021 (Terms & Conditions apply)
To be eligible for the promotion, customers need to simply be existing Emirates Skywards members, or join as a new member before 30 June 2021.… Continue
Pakistan Telecommunications Company Limited (PTCL), signed an agreement with National Institutional Facilitation Technologies (NIFT), to enable and promote its online platform that will allow customers to pay their bills online conveniently and securely through NIFT’s ePay digital payment gateway on PTCL’s website.… Continue