Pakistan Water and Power Development Authority (WAPDA) eyes on Rohtas Dam as it has decided to implement the Project for effective mitigation of floods and store flood water to be used for agriculture. With this in view, WAPDA has been evaluating the possibility to construct thisProject more vigorously.
“Arts Council stands with artists, writers, and poets in their joys and sorrows. Latif Manna was a perfect partner and a great actor. Be it TV or film, he has done a great job in every field,” said Ahmed Shah in the condolence reference of late television actor Latif Munna.
President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said runaway inflation has become a serious threat to the masses and economy.
Inflation and diminishing incomes have left people with no option but to take to streets regardless of virus threat which can spread infection at an alarming level leading to a lockdown which will bring masses and economy down once again, he said.
This is the third consecutive positive closing of KSE100 since the beginning of the week, where the Index has added ~1400pts from last week’s closing level. Though the weekend left vestiges of political uncertainty, institutional investors kept brisk buying activity on the back of quarterly earnings.
The New Chairman, Pakistan Tanners Association, Mr. Anjum Zafar has recorded apprehension on the declining trend in export of leather from Pakistan in ongoing fiscal year. He in a statement pointed out that the export figure of Aug-Sept’2020 shows a sharp negative (-) 40%, as compared to the corresponding period.
Engro Fertilizers Limited (EFERT) announced its 3QCY20 earnings of PKR 5.27/sh, up 1.81x/2.11x QoQ/YoY, taking 9MCY20 profitability to ~PKR 11.5Bn (EPS: PKR 8.61/sh).
The result was accompanied by a dividend of PKR 5.0/sh. Increase in profitability can mainly be attributed to higher tax benefit booked in 3QCY20.
Engro Fertilizers Limited (EFERT) announced its 3QCY20 earnings of PKR 5.27/sh, up 1.81x/2.11x QoQ/YoY, taking 9MCY20 profitability to ~PKR 11.5Bn (EPS: PKR 8.61/sh).
The result was accompanied by a dividend of PKR 5.0/sh. Increase in profitability can mainly be attributed to higher tax benefit booked in 3QCY20.
Pakistan Telecommunication Company Limited (PTCL) continued with its tradition to create Breast Cancer awareness in the organization across Pakistan. In collaboration with Shaukat Khanum Memorial Cancer Hospital and Research Center, a special webinar was conducted, not only for PTCL female employees, but also for female family members of company’s male employees.
The Board of Directors of Aisha Steel Mills Limited (ASL) announced the financial result for 1QFY21 today, where the company posted its highest ever quarterly profit since inception of PKR 660 million translating into EPS PKR 0.82
Pertinently, sales of the company grew by a stunning 82% YoY as the company undertook expansion in its CRC capacity to 700,000 tons per annum which augmented volumes and improved its sales mix (ASL now sells galvanized steel; a higher margin product).
The Board of Directors of Bank Alfalah Limited in its meeting held on October21, 2020, approved the Bank’s unaudited condensed interim financial statements for the period ended September 30, 2020.
The Bank’s operating profit at Rs.20.614 billion showed a growth of 11.4% compared to the corresponding period of 2019 despite lockdown in the country and drop in the policy rate by 625 bps during the year.
Lotte Chemical Pakistan Limited (LOTCHEM) announced its 3QCY20 financial result today where the company posted a Profit After Tax (PAT) of PKR 925mn (EPS: PKR 0.61), down by 45% YoY compared to PKR 1,682mn (EPS: PKR 1.11) during SPLY. On a QoQ basis, earnings went up by 17x.
President Karachi Chamber of Commerce & Industry M. Shariq Vohra presenting crest to Managing Director Pakistan Software Export Board Usman Nasir, who visited KCCI to discuss matters of mutual interest.
Senior Vice President KCCI M. Saqib Goodluck, Vice President KCCI Shamsul Islam Khan and others are also seen in the picture.
The recently announced Single National Curriculum (SNC) is claiming the best curriculum by the Government of what educationists are thinking about it still a mark.The new curriculum entails new patterns to be adopted by teachers for both teaching practices and assessment.
MEBL announced an EPS of PKR 4.53/sh in 3QCY20 (↑4/63% QoQ/YoY), that takes 9MCY20 earnings to PKR 12.8/sh, ↑77% YoY. The result was accompanied by a surprise cash dividend of PKR 4.0/sh in 3QCY20.
Main deviation originated from higher than expected Net Interest Income (NII) that remained sequentially flat to PKR 7.4bn (↓1/↑40 QoQ/YoY) in 3QCY20.
Chinese telecommunications giant Huawei is setting up a research and development centre in Budapest, Minister of Foreign Affairs and Trade Péter Szijjártó has confirmed. The investment, which will create jobs for at least 100 Hungarian engineers, is Huawei’s third in Hungary, Szijjártó said.