· 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 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
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
Pakistan Oilfields Limited (POL) reported its earnings earlier today, announcing NPAT of PkR25,935mn for FY22, higher by 95% compared to the same period last year. For the final quarter, the company reported earnings of PkR8,439mn (EPS: PkR29.73), higher by 1.28xYoY and 28%QoQ.… Continue
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
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
Ministry of Federal Education and Professional Training (MoFEPT) and Pakistan Telecommunication Company Limited (PTCL) signed an agreement for the provision of 04 educational OTT channels in order to deliver educational content to students across the country, at a ceremony in Islamabad on Thursday.… Continue
ChildLife Foundation has organized medical camps to provide quality treatment to the flood-affected children of Balochistan. The first such camp was set up in the district headquarters hospital (DHQ) of Dera Allah Yar in the Jaffarabad District on August 13. ChildLife sent a team of child specialists to the camp for a full day.… Continue
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
Pakistan’s leading large-scale engineering company, Descon Engineering Ltd. (DEL), records significantly high growth in revenues on the back of major projects in Domestic and Overseas geographies as per its FY 2021-22 performance indicators.
DEL engineered equipment for the Oil & Gas sector in Qatar, Iraq, Bahrain, UAE, Oman, Eastern Europe and Pakistan.… Continue
President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Idrees has informed that the State Bank of Pakistan (SBP) has agreed to release all the containers which arrived at the Ports until July 5, 2022 but remained stuck up awaiting approval from SBP.… Continue
· Bulls triumphed today with gains of +1.78% to close @43,622. Pakistan is now +22% in USD terms in August and tops the global performance table during the period. KSE-100 index remained in the green zone throughout the day as value buying was witnessed across the board.… Continue
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 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
Nishat Chunian Power Limited (NCPL) announced its 4QFY22 financial result today where the company posted a profit after tax (PAT) of PKR 600mn (EPS: PKR 1.63), up by 35% YoY compared to PKR 446mn (EPS: PKR 1.21) in same period last year.… Continue
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
On the account of Pakistan turning 75 years young, leading Food Company, Shan Foods, has partnered with TCS, Pakistan’s largest logistics and E-commerce solutions provider, to distribute gift boxes across Pakistan as a symbol of inclusivity and unity as a nation.… Continue
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
Attock Petroleum Limited (APL) is scheduled to announce its FY22 financial result on 16th Aug’22, where we expect the company to report a PAT of PKR 18,577mn (EPS: PKR 186.65) in FY22, up by 278% YoY compared to PKR 4,920mn (EPS: PKR 49.43).… Continue
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
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
The 75th Independence Day of Pakistan was celebrated today in Ankara with traditional zeal and enthusiasm. Ambassador of Pakistan to Turkiye, Muhammad Syrus Sajjad Qazi, hoisted the national flag to the tune of the national anthem in the presence of the Turkish dignitaries, Pakistani community and media.… Continue
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
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 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