Daily cargo handling report of Karachi port trust

The Karachi Port Trust handled 121,165 tons of cargo comprising 95,981 Tones of import cargo and 59,836 Tons of export cargo during last 24 Hrs ending at 0700 Hours.

TOTAL IMPORT CARGO:

The total import cargo of 95,981 comprised of 79,193 Tons of Containerized Cargo, 2,326 Tons of Bulk Cargo, 2,833 Tons of DAP, 4,000 Tons of Rock Phosphate, 4,893 Tons of Soya Bean Seeds and 2,736 Tons of Oil/Liquid Cargo

TOTAL EXPORT CARGO:

The total export cargo of 25,184 tons comprised of 13,383 tons of containerized cargo, 11,801 Tons of Clinkers.… Continue

The good financial result of ACPL, expected in 3QFY21

Board meeting of Attock Cement Pakistan Limited (ACPL) is scheduled on 26th Apr’21 whereby the company will finalize earnings for 3QFY21. We expect the company to post a bottom-line of PKR 407mn (EPS: PKR 2.96) during the quarter under review against PKR 353mn (EPS: PKR 2.57) in SPLY and PKR 425mn (EPS: PKR 3.09) in 2QFY21.… Continue

Emirates commences IATA Travel Pass trials simplifying COVID-19 related travel requirements

Emirates today commenced trials of the International Air Transport Association (IATA) Travel Pass– a mobile app to help passengers easily and securely manage their travel in line with any government requirements for COVID-19 testing or vaccine information.

The first passengers travelling from Dubai to Barcelona on EK 185 today trialled the ‘digital passport’ to verify and share their pre-travel COVID-19 test status with Emirates.… Continue

Pakistan textile exports increases in March 20

Total exports in March 2021 clocked in at US$2.4bn, up 14% mom and 30% yoy (albeit from a low base, due to the Covid-19 lockdown last March). This took total exports in 9MFY21 to US$18.6bn (up 7% yoy).

Textile exports (about 60% share in overall exports) rose 10% mom to c.… Continue

Mobilink Microfinance Bank launches School Loan for delivering quality education

Mobilink Microfinance Bank Limited (MMBL), the largest digital bank in Pakistan, has launched a School Loan – an innovative offering aimed at financially empowering all non-state schools – local private schools, school chains, and technical educational institutions – operating in rural, semi-urban, and urban areas to continue delivering quality education.… Continue

Engro Polymer & Chemicals Limited discusses 1QCY21 results

Engro Polymer & Chemicals Limited (EPCL) management held an analyst briefing session on 19th Apr’21 to discuss the 1QCY21 financial result and future outlook.

Key Takeaways

· To recall, the company posted consolidated earnings of PKR 4,143mn (EPS: PKR 4.56) in 1QCY21 compared with PKR 193mn (EPS: PKR 0.21) in 1QCY20, up by 21x YoY.… Continue

YouTube celebrates the success of content creators in Pakistan

Over 2 billion users come to YouTube every month to get their dose of entertainment, educate themselves, learn skills and engage with their favourite creators and communities. Pakistanis are no different – not only do they love watching YouTube content, but they also create some amazing pieces that reach millions of fans globally.… Continue

Daily cargo handling report of Karachi port trust

The Karachi Port Trust handled 223,809 tons of cargo comprising 163,973 Tones of import cargo and 59,836 Tons of export cargo during last 48 Hrs ending at 0700 Hours.

TOTAL IMPORT CARGO:

The total import cargo of 163,973 comprised of 72,024 Tons of Containerized Cargo, 2,181 Tons of Bulk Cargo, 5,865 Tons of DAP, 6,650 Tons of Rock Phosphate, 6,836 Tons of Soya Bean Seeds and 70,417 Tons of Oil/Liquid Cargo

TOTAL EXPORT CARGO:

The total export cargo of 59,836 tons comprised of 36,233 tons of containerized cargo, 22,193 Tons of Clinkers, 1,410 Tons of Oil / Liquid Cargo.… Continue

EFERT announces a surprise dividend of PKR 4.0/sh today

Engro Fertilizers Limited (EFERT) reported an impressive earnings growth of 10.0x YoY to PKR 5.7Bn (EPS: PKR 4.3) in 1QCY21. Massive growth in profitability was primarily attributable to improved urea margins, higher urea offtake (↑ 3.5x YoY), and robust performance of its trading portfolio, including the DAP segment.… Continue

PSX index depressed due to law and order situation in country

·        Following the turmoil developed over the weekend on the law and order front, the KSE100 index dropped by 694pts during the session, however, recovered roundabout 600pts afterwards. New Finance Minister taking the charge today, helped boost investors’ confidence, however, selling pressure kept the recovery in Index in check.… Continue

The 87% of Faysal Bank’s branches offer dedicated sharia-compliant financial solution

Faysal Bank Limited recently conducted a virtual corporate briefing session. Through the session, the Bank’s Chief Financial Officer, Syed Majid Ali, briefed the analyst community and shareholders about the Bank’s business strategy, financial performance and its outlook.

The Bank has made significant progress on its strategy of conversion to an Islamic bank.… Continue