The PSX market observed a range bound session today

·        The market observed a range bound session today. The benchmark KSE-100 index opened in the positive zone although investors opted to book profit which resulted the index to close in red. The refineries and E&P sectors remained in the limelight due to result announcement during the day.… Continue

Attock Petroleum posted a PAT of PKR 18,536mn, up by 277% YoY.

Attock Petroleum Limited (APL) announced the financial result for FY22, whereby the company has posted a profit after tax (PAT) of PKR 18,536mn (EPS: PKR 186.23) compared to PKR 4,920mn (EPS: PKR 49.43) in FY21, up by 277% YoY. On a quarterly basis, earnings clocked-in at PKR 7,289mn (EPS: PKR 73.24), up by 5.8x YoY and 57% QoQ in contrast to PKR 1,255mn (EPS: PKR 12.61) and PKR 4,638mn (EPS: PKR 46.60), respectively.… Continue

Spotify Commemorates 75 Years of Pakistan’s Independence with the melodies

As Pakistan completes 75 years of Independence, Spotify is marking the occasion with a distinct mix of tunes and exclusive content that celebrates the nation’s pride and heritage.

The music streaming platform will celebrate the day with some of the country’s hottest artists, starting with Spotify Pakistan’s captivating social media franchises “All About Qoumi Taranah” and “Only in Pakistan”.… Continue

Workers send record emittances in July 2022

Workers’ remittances recorded an inflow of US$2.5 billion during July 22, continuing their record streak of above $2 billion for the 26 consecutive months.  

In terms of growth, during July 2022, remittances decreased by 8.6 percent on a m/m and of 7.8 percent on y/y basis.… Continue

Daraz launches Independence Day celebration sale

The leading e-commerce brand of Pakistan, Daraz, has launched its biggest Independence Day sale to celebrate the 75th anniversary of Pakistan’s Independence. The 11-day mega sale will provide customers with competitive prices over a wide range of products from different categories.… Continue

Iqra University celebrates Independence Day

Professor Arfa Syeda congratulates Dr Waseem Qazi, Vice Chancellor of Iqra University, on Independence Day.

The country came into existence due to the sacrifices of our elders and the tireless work of Quaid-i-Azam. Dr Syed Ali Raza

Achieving Pakistan involves many sacrifices by our forefathers, which will not go in vain.… Continue

Martin Dow bleeds green to save lives

Martin Dow, a leading multinational pharmaceutical company of Pakistan commenced the 75th year of the country’s independence with a cause to save lives by carrying out a blood donation drive in collaboration with Indus Hospital.

Blood shortages are particularly acute in developing countries across much of the subcontinent, and Pakistan is no exception.… Continue

Pak-Qatar General Takaful signed MOU with ICAP

Pak-Qatar General Takaful Limited (Part of Pakistan’s Pioneer and the largest Takaful Group) recently signed an agreement with The Institute of Chartered Accountants (a professional accountancy body in Pakistan) in order to provide Takaful services on exclusive discount to Members, Affiliates, Students and Staff of ICAP.… Continue

Syngenta Pakistan plants thousands of trees across the country on the 75th anniversary of Pakistan

Syngenta is a globally leading agriculture innovation and technology company, providing crop protection, biologicals, seeds and crop-enhancement products. Being an environmentally and socially responsible entity, Syngenta has been nurturing its strong relationship with Pakistani farmers for the past 65 years with a commitment to make resourceful contributions towards sustainability.… Continue

Arts Council of Pakistan celebrates Independence Day

Arts Council of Pakistan Karachi and the Culture Department of Sindh Jointly organized a colourful “Arz-e-Pak” event in Ahmed Shah Building Studio on Independence Day. Provincial minister for labour and Manpower Saeed Ghani, writer and intellectual Anwar Maqsood, President of Arts Council Muhammad Ahmad Shah, Provincial minister for education & culture Sardar Ali Shah, Parliamentary Secretary Qasim Soomro and Ejaz Farooqui, besides a large number of participants participated, various artists gave wonderful performances and songs dedicated to the love of the country.… Continue

POL to announce a final cash dividend of PKR 60.00/share

Pakistan Oilfields Limited (POL) schedules to announce its financial result for FY22 on 16th Aug’22, where we project the company to post a profit after tax of PKR 25,013mn  (EPS: PKR 88.12), registering a surge of 87% YoY. The ascend in net profit comes from a 67% YoY hike in average realized oil prices tagged with a 10% YoY Pak Rupee depreciation against the greenback.… Continue

Platinum Azadi celebrations at Faysal Bank Limited

Faysal Bank Limited organized a heartwarming ceremony for flag hoisting on August 14th, 2022 to mark the 75th anniversary of Pakistan, at their iconic Abdullah Haroon Road branch. Celebrations of the 75th anniversary required a platinum edge, therefore FBL decided to showcase Pakistan’s inclusivity by inviting the Special Olympic athletes to grace the occasion.Continue

75th Independence Day celebrations at PNSC

PNSC organised a function to commemorate the 75th Independence Day of Pakistan. The celebration commenced with the recitation of the Holy Quran. Chairman PNSC, Rizwan Ahmed, hoisted the national flag and addressed the attendees.

Chairman PNSC, while addressing, emphasised that today was the day of reflection.… Continue

Pakistan State Oil celebrates 75 years of Pakistan’s Independence

The country’s leading energy company and national flag bearer, Pakistan State Oil (PSO), celebrated 75 years of Pakistan’s Independence at PSO House, Karachi. On this momentous occasion, Managing Director & CEO, Syed Muhammad Taha hoisted the national flag, which was followed by the national anthem and prayers for the country’s prosperity and progress.… Continue

Acting Governor unveils Commemorative Banknote to mark 75 years of Pakistan’s Independence

Acting Governor State Bank of Pakistan (SBP) Dr. Murtaza Syed unveiled the Rs75 Commemorative Banknote to mark the 75 years of Pakistan’s Independence in a graceful ceremony held at the SBP Museum, Karachi on August 14, 2022. He also inaugurated the Roshan Pension Plan (RPP) to augment the lifestyle banking under Roshan Digital Account (RDA) initiative for overseas Pakistanis.… Continue