Magazine Features

The urea demands for 1HCY22 now stands at 3.2mn tons

Urea offtake jumped 47% MoM in Jun’22 to 736k tons as preemptive demand growth surfaced in anticipation of urea price hike. Earlier in Jun’22, government reduced urea prices whilst ensuring resolution of liquidity issues, especially the PKR80bn receivables pertaining to sales tax and subsidies.… Continue

ICI Pakistan likely to becomes sole PTA producer

ICI Pakistan Limited (ICI) has announced intention to acquire approximately 75.01% shareholding or (1,135.86mn shares) of Lotte Chemicals Pakistan Limited. A few weeks ago, ICI received a conditional bid from Morinaga Milk, Japan to acquire approximately 33.3% of NutriCo Morinaga Limited for US$56.6mn.… Continue

Honda Atlas Cars has reported a NPAT of PKR658mn for 1QMY23

HCAR has reported a NPAT of PKR658mn (EPS: PKR4.61) for 1QMY23, up c.3x QoQ. This is strong result from HCAR, where the deviation from our projected EPS of PKR0.20 is primarily due to higher-than-expected gross margin and lower taxation.

1QMY23 key highlights:

Net revenue reached PKR30bn (in line with estimates), up c.40% YoY owing to c.25% higher volumes to c.9,400 and multiple price hikes from Nov’21. … Continue

Savyour partners with leading home appliances brand PEL

Savyour, Pakistan’s leading shopping rewards and cashback platform, has entered into a strategic partnership with Pak Elektron Limited (PEL), the country’s pioneer manufacturer of electronic appliances. The brands have collaborated to offer consumers across the country a vast range of premium products with the convenience of ordering online, with additional savings on top in the form of cashback.… Continue

Fauji Fertilizer is expected to unveil its 1HCY22’s financial result on 28th Jul’22

Fauji Fertilizer Company Limited is expected to unveil its 1HCY22’s financial result on 28th Jul’22, where we expect earnings to clock-in at PKR 9,147mn (EPS: PKR 7.19), down by 3% YoY. On a quarterly basis, the bottom-line is projected to reduce by 20% YoY, settling at PKR 2,908mn (EPS: PKR 2.29) in 2QCY22 amid super tax being charged during the quarter.… Continue

Ufone 4G supports livelihoods of local community in Murree

Pakistani telecom company, Ufone 4G has donated pushcarts and food stalls to local community members in Murree to help them earn a decent livelihood for themselves and their families. The initiative is an extension of Ufone 4G’s Corporate Social Responsibility programme, designed to create a shared impact for society.… Continue

Bank Alfalah and ACE Money Transfer gives away Kia Sportage to SIX lucky remittance senders

Bank Alfalah, in partnership with ACE Money Transfer, is rewarding six lucky overseas Pakistanis for using legal remittance channels with a Kia Sportage Alpha SUVs each in a ceremony being held today.

A promotional campaign in this regard was launched for customers sending remittances via ACE Money Transfer between April 1 and June 30, 2022 from the UK, European Union, Switzerland, Canada, and Australia to any of Bank Alfalah account or for cash pickup at any of its over 790 branches in the country.… Continue

Pakistan weekly update, index breached 40,000 points

Political uncertainty took a toll on the market this week. The Pak Rupee continued to depreciate during the week, reaching an all-time low of PKR 228.37 amid depletion of foreign reserves and uncertainty over funding from friendly countries. Moreover, IMF is assessing which friendly countries are willing to provide financial aid to Pakistan before disbursing the loan of USD 1.2bn.… Continue

Hemani Fragrances introduces sports body spray

Hemani Fragrances’ Squad Collection now includes ten new deodorants, a collection of sports body sprays that are proudly and expertly made in Pakistan. Squad performance body sprays are the ideal deodorant choice for athletes or individuals who engage in any sport or physical activity.… Continue

KSE-100 closed in the green zone

·        The market witnessed a bearish momentum during the first session due to inflationary and political concerns. However, the bulls made a comeback in the second session for value hunting across the board as the benchmark KSE-100 closed in the green zone.… Continue

Green ICT and Infrastructure Solutions Launched

President of Huawei’s Carrier Business Group, and Dr. Philip Song, Huawei’s Carrier BG Chief Marketing Officer, discussed the role of sustainable ICT infrastructure in helping operators systematically build green network to simultaneously address traffic growth and support carbon emission reduction. This took place during the Green Development Solutions Launch, held on the second day of the Huawei Win-Win Innovation Week, followed by the launch of a new solution suite.… Continue