President Dr. Arif Alvi called for promoting business practices based on transparency and ethics at the organizational and corporate level to contribute towards the development of the country, while addressing a discussion…
The Board of Directors of Shell Pakistan Limited (SPL) announced financial results for the year ended December 31st, 2021. The company posted a profit after tax of PKR 4,466 million…
As per the data reported by the Pakistan Bureau of Statistics (PBS), Pakistan textile exports surged to a record high of US$12.6bn in 8MFY22, up 26% YoY. In PKR terms,…
Oil and Gas Development Company (OGDC): We raise our OGDC earnings forecast by an average of 59% over FY22-24 after incorporating revised oil price assumption and 1HFY22 results. However, we…
Pakistan's cellular and digital services leader, Zong 4G, has now come up with a powerful 'Weekly Pro' Package for digitally savvy customers. Offering the biggest data option in the industry, the Weekly Pro Package will allow subscribers…
MLCF had signed a contract with Chengdu Design & Research Institute, China, to supply 7,000 metric tons a day (2.1mn tons p.a.) grey clinker line in late March last year,…
Arif Habib Limited (AHL) arranged a special session of MLCF with its clients and representatives of the investor community, for the company management to shed light on the changing dynamics…
Cement dispatches declined by 4.75 percent in February 2022. Total Cement dispatches during February 2022 were 4.36 million tons against 4.57 million tons dispatched during the same month of last…
Ufone 4G has emerged as Pakistan's No. 1 Voice and Data network in Pakistan Telecommunication Authority's (PTA), 'Mobile Networks Benchmark Report for 2022'. PTA used Network Performance Score (NPS) methodology…
During his successful visit to China from Feb 3 to Feb 5, Pakistan's Prime Minister Imran Khan met with the Chinese leadership, including President Xi Jinping, to discuss cooperation and…
Fatima Group, one of the fastest-growing industrial conglomerates in Pakistan, has signed two MoUs of over USD1 billion with two key global agriculture stakeholders – China Machinery Engineering Company (CMEC)…
Jazz, Pakistan's number one 4G operator, and the largest internet and broadband service provider invested PKR 13.9 billion under its '4G for all ambition' during 4Q21. Jazz's total customer base…
Engro Corporation, Pakistan's premier business conglomerate, has commenced office operations of its wholly owned subsidiary, Engro Eximp FZE, in the Jebel Ali Free Zone, Emirate of Dubai. Engro Eximp FZE…
Nishat Chunian Ltd (NCL) recently announced intentions to separate its subsidiary Nishat Chunian Power Ltd. (NCPL) as an independent entity. That is, it will transfer its holding in NCPL to…
Pakistan's cellular and digital services frontrunner, Zong 4G, held its Annual Business Conference 2022 digitally that was attended by over 250 employees from across the organization. Themed, 'Let's Get Digital',…
The Board of Directors of Indus Motor Company (IMC) met on February 24, 2022 to review, evaluate and announce the company's financial and operating performance for the half year ended…
Carrefour, owned and operated by Majid Al Futtaim in Pakistan, and Alkhidmat Foundation signed a memorandum of understanding (MOU) on 21 February, during a special ceremony hosted in Lahore. The…
The global trade in liquefied natural gas (LNG) increased 6% to 380 million tonnes during 2021 as many countries rebounded from the economic impact of the COVID-19 pandemic, according to…
· Another sluggish day for the Pakistan Stock Exchange, market opened positive but could not sustain the green zone and the KSE 100 index closed negative 313 points during the…
Meezan Bank Limited (MEBL) announced its CY21 results today where the bank reported NPAT of PkR28.4bn (EPS: PkR17.35) compared to PkR22.7bn (EPS: PkR13.77) in the same period last year. The…
Tariq Glass Industries Limited (TGL) has informed Pakistan Stock Exchange (PSX) today that one of the Tableware producing furnaces which was closed for a schedule rebuild has been fired /…
The State Bank of Pakistan (SBP) will be launching Electronic Warehouse Receipt Financing (EWRF) for Maize Crop on Tuesday, February 22, 2022 at the event in Tehsil Chunian, District Kasur.…
Fauji Cement Company Ltd. (FCCL) announced result for 2QFY22 where company posted an EPS of PkR1.07, up 63% on YoY basis while on QoQ basis it increased by 8%. For…
Zong has taken the industry by storm with its recently launched TV Commercial starring some of the most prolific Social Media influencers who unveil the new tagline for the brand-…
· The management told that FrieslandCampina Engro Pakistan Limited (FCEPL)'s earnings depicted a surge of 10x YoY in CY21 on account of i) increase in volumetric sales and ii) better control…
