WAPDA eyes on Rohtas Dam in Jhelum

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.

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Inflation become a threat to masses, economy: Mian Zahid Hussain

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.

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PTA urges government to restore DLTL scheme

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.

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PTCL in collaboration with Shaukat Khanum conduct Breast Cancer Awareness session

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.

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Aisha Steel takes the lead in the flat steel sector

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).

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Bank Alfalah posts PAT of Rs. 8.3 billion; operating profit up 11.4%

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.

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MD, Pakistan Software Export Board visited KCCI

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.

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