The market slipped again this week as APG (Asia-Pacific Group, a regional affiliate of the Financial Action Task Force – FATF) retained Pakistan on its enhanced follow-up list based on the country’s performance up until Feb’20, while concerns over rising inflationary levels, news flow citing hurdles over continuation of the IMF program, and aggression from the opposition also dampened sentiment at the index.
We expect our Steel Universe to post cumulative 1QFY21 NPAT of PKR1,063mn, nearly double the NPAT of PKR531mn in SPLY. The overall profitability is expected to surge primarily due to increase in sales led by pent-up demand from the previous quarter and new demand generated by rising construction activity.
Emirates Skywards, the award-winning loyalty programme of Emirates and flydubai, has marked 20 years of excellence, innovation and unmatched rewards. Over the past two decades – the loyalty programme has continued to grow its membership base by offering value and rich, personalised experiences to its members around the world.
To make access to financial services easier and ensure convenience of customers, UPaisa reduced its charges for Mobile Wallet to CNIC transactions. Customers can now send in money anywhere across Pakistan at minimal rates without the need to step out of their homes.
Pakistan Association of Food Industries (PAFI), is a newly established body comprising most of the leading national and multi-national food-enterprises operating in Pakistan; formed to officially represent the food-industry of Pakistan.
On the occasion of this World Food Day, all members of PAFI have pledged their individual and collective efforts to the vision of Food and Agriculture Organization of the United Nations to Grow, Nourish, Sustain.
The index bore pressure of political uncertainty where Investors were found having apprehensions from Opposition parties’ protest rallies into full blown protests and sit-ins. Mid-day announcement of HBL’s financial results somewhat turned the tide and helped HBL trade near recent high levels.
The interaction of COVID-19 with the continued global rise in chronic illness and related risk factors, including obesity, high blood sugar, and outdoor air pollution, over the past 30 years has created a perfect storm, fuelling COVID-19 deaths. The latest findings from the Global Burden of Disease Study (GBD), published today in The Lancet, provide new insights on how well countries were prepared in terms of underlying health for the COVID-19 pandemic, and set out the true scale of the challenge to protect against further pandemic threats.
FrieslandCampina Engro Pakistan Limited (FCEPL) announced its results to the Pakistan Stock Exchange on October 16th, 2020. Despite challenging times due to the COVID 19 pandemic, the Company recorded an 8th consecutive quarter of robust topline growth and registered a 12% growth versus last year.
Easypaisa users can now conveniently pay their Vehicle Token Tax through the Easypaisa App for vehicles registered with Punjab, Islamabad or Sindh Excise Departments. The Easypaisa App is the leading digital payments app in the country making vehicle tax payments easy and hassle-free.
President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Prime Minister Imran Khan is determined to improve housing market which will resolve the issue of economic sluggishness. His efforts will tackle the shortage of houses in the country, balance price of plots and reduce unemployment while over fifty industries will get a boost.