Tariq Glass Industries Ltd offering a potential upside of 66%

We reinstate coverage on TGL, one of the largest glass producers in Pakistan, with a Buy rating and June 2022 TP of PKR165/sh. We estimate a 5yr sales CAGR of c.16% for FY21-26f, supported by the recent c.50% increase in capacity, and rising glass consumption in Pakistan; while an oligopoly industry structure lends adequate pricing power.… Continue

Supernet Ltd obtains SBP contract worth Rs100 million

Telecard Limited’s 100% owned subsidiary, Supernet Limited (“Supernet”), informed Pakistan Stock Exchange Limited that it has been awarded contract by the State Bank of Pakistan (“SBP”) in IT and Cyber Security domain worth close to PKR 100 million. This contract involves supply, installation, maintenance and technical support of Next Generation Intrusion Detection and Protection Systems (“IDPS”) to secure SBP Infrastructure from Advance Persistent Threats (“APT”).… Continue

November was good month for domestic dispatches amid strong construction activity

·         Local cement dispatches clocked in at 4.82mnMT during the month of Nov’21 as against 4.51mnMT in SPLY , depicting a growth of 7%YoY during the month of Nov’21. This took the total dispatches during 5MFY22 to ~23.0mnMT, down 3.4%YoY.

·         Domestic dispatches from north increased to 3.47mnMT (11%/-9% YoY/MoM) while South based pants dispatched 0.65mnMT (7%/-15% YoY/MoM) in Nov-21.… Continue

Ufone 4G Khyber Pakhtunkhwa Football Cup 2021 Trophy

The Super 8 line up of Ufone 4G Khyber Pakhtunkhwa Football Cup 2021 is complete as was depicted by the coming together of the captains of all eight successful teams for trophy unveiling at the iconic Tehmas Khan Stadium, Peshawar.

Following the conclusion of the Eliminator round at the regional level, DFA Charsadda, DFA Abbottabad, Aatish Tank, DFA Chitral, DFA Karak, DFA Mardan, DFA Bannu and DFA Waziristan Combined have qualified for the Super 8 round.… Continue

Positive day for KSE 100 today

· Positive day for KSE 100 today, as the world has drifted towards a good news of reduced risk of OMICRON, which has helped the international commodities and equities to rally across the globe.

· KSE 100 opened on a positive news and rallied more than 785 points intraday as investor participated in E&P stocks amid expected resolution of gas circular debt.… Continue

Boskalis consortium secures EUR 24 million research grant to advance emission-free shipping

A broader maritime consortium in which Boskalis is participant has been awarded a EUR 24 million grant to conduct research into accelerating the use of methanol as a low-carbon fuel within the shipping industry. Methanol can enable significant reductions in CO2 emissions compared to traditional fuels and is viewed within the international maritime sector as one of the most feasible ‘clean’ fuels for large-scale adoption by the industry.… Continue

A review of Pakistan textiles sector

We upgrade our earnings estimates for the IMS Textile Universe by c.35%, maintaining our Overweight stance on the sector amid consistently strong earnings beats FY21td. The attractive present price levels of our Textile Universe (down 11% FY22td), further reinforce our liking for the sector.… Continue

Food and beverages that directly impact our health

Of late there has been stringent scrutiny of the potential negative impacts of social and digital media on users’ wellbeing. Apart from the recurring concerns, with regards to online privacy and safety. Regardless, the positive aspects of digital technology outweigh its negative aspects; what prods a curious mind is there is seldom any serious inquiries into the impact of giant conglomerates contaminating our food, drinking water and breathing air with explicit impunity.… Continue

Women’s access to banking services in Pakistan increased by 29% from 2008 to 2020,

An online workshop titled, ‘Financial Inclusion Gender Data in Pakistan: Today and Tomorrow’ was held under a partnership titled ‘Women’s Financial Inclusion Data’ (WFID) a key platform engaged in increasing awareness about the importance of sex-disaggregated financial services data and catalyzing action to increase women’s financial inclusion.… Continue

Sialkot tragedy is shocking: Mian Zahid Hussain

Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said the senseless lynching of a Sri Lankan factory manager in Sialkot is condemnable. The response of the government is timely and correct and the accused and those who provoked them should be punished so that no one dares to take the law into their hands again, he said.… Continue

PTCL & Ufone collaborate with Huawei on learning & development initiatives for its employees

Pakistan Telecommunication Company Limited (PTCL) and Ufone have signed a Memorandum of Understanding (MoU) with Huawei Technologies Pakistan, for providing strategic learning & development initiatives for its employees.

Syed Mazhar Hussain, Group Chief Human Resource Officer, PTCL & Ufone, and Ahmed Bilal Masud, Deputy CEO, Huawei Technologies Pakistan, signed the MoU during a ceremony held in Islamabad.… Continue

IFC Partners with Pakistan’s Engro Corporation to reduce plastic waste and minimize climate affects for a Mega Petrochemical Project

To step up the fight against climate change in Pakistan, IFC is partnering with Engro Corporation to help reduce plastic waste, promote recycling, and boost the company’s energy efficiency. The project is part of IFC’s Pakistan Resource Efficiency Program, which aims to improve efficiency, cost-competitiveness, reliability, and productivity in the manufacturing sector, particularly in energy-intensive industries.… Continue

Zubair Motiwala urges to shun SSGC’s request for hike in gas prices

Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) Zubair Motiwala has urged that this was not the right time to increase gas prices hence, the gas price hike request must be straightaway rejected while the SSGC should come up with pragmatic ideas to deal with its revenue shortfalls instead of requesting any increase in gas prices.… Continue

Emirates offers special fares on flights to Europe or the US from Pakistan

Emirates has announced special fares from Pakistan to multiple destinations in Europe and US. Passengers from Pakistan can plan their winter holidays in advance to save big on their air fares by booking early with Emirates. This is a suitable time for people who are traveling for leisure and to meet friends and family after a long wait to book their tickets on special fares.… Continue