Aziz Ahmed Kath takes oath as President of Okhai Memon Jamat
Oath Taking Ceremony of newly elected President for 2021-23 of The Okhai Memon Jamat "Aziz Ahmed Kath" took place on 1st November 2021 at Husainabad Family Park. Aziz Ahmed Kath…
Experts expect interest rate hike by SBP in the upcoming monetary policy – this caused mixed sentiment in PSX index today
· Market opened on a positive note due to strengthening Pak Rupee and down-turn of commodities price cycle. Institutional investors buying was witnessed in the Cyclicals (Cement and Steel) sector.…
Banks in Pakistan are the highest taxpayers in terms of rates
The corporate tax rate for banks is 35 per cent or 6pc higher than 29pc for non-banking businesses in Pakistan. Besides, capital gains and dividend income streams for banks are…
Trellis sets the target to deploy $100m housing loans over the next 5 years
Trellis Housing Finance Limited (Trellis), an SECP licensed Housing Finance Company based in Karachi, has raised an investment round led by local and international investors including Fatima Gobi Ventures, Insitor…
Nestlé Pakistan joins race to zero to achieve net zero by 2050
Nestlé Pakistan has become a member of United Nations-backed Race to Zero, a global campaign that aims to rally leadership and support from a whole-of-society actors in order to ensure…
PPL COVID-19 vaccination drive targets 150,000 individuals
As part of its Corporate Social Responsibility Programme, Pakistan Petroleum Limited (PPL) has launched a country-wide Covid- 19 mass vaccination drive in partnership with three reputable non-governmental organizations (NGOs). This…
Daily cargo handling report of Karachi port trust
The Karachi Port Trust handled 134,131 tons of cargo comprising 77,392 Tones of import cargo and 56,739 Tons of export cargo during last 24 Hrs ending at 0700 Hours. TOTAL…
Visa helping fuel ‘Buy Now, Pay Later’ growth around the World
As consumer demand for buy now, pay later (BNPL) solutions continues to grow, Visa (NYSE: V) today announced a growing list of issuers, acquirers and fintechs that are leveraging Visa's…
Zong Launches 20 MHz LTE in Azad Jammu & Kashmir
Pakistan's connectivity and digital services frontrunner, Zong 4G, has launched its 20 MHz LTE services in Azad Jammu & Kashmir, achieving exceptional results in user speed and traffic. Zong's LTE…
Daraz and partner brands gear up and reinvent themselves for biggest 11.11 Campaign
Pakistan's leading e-Commerce platform, Daraz, is gearing up for its biggest 11.11 sale ever with huge discounts across multiple categories supported by the platform, sellers, brands, and bank partners. Daraz…
Sarsabz Royals Awards 2020-21 rewards top performaning dealers
Sarsabz Fertilizer hosted a special awards ceremony at a local hotel in Bhurban on Thursday, October 28, 2021, as part of its loyalty program 'Sarsabz Royals', to reward and recognize…
The exports target for textile set at $25 billion by FY2023
Pakistan total textile exports reported mixed trend in last three years. It earned export revenue of $13.32 billion in Financial Year 2019 (July – June) but rose to $12.53 billion…
Pink October messages growing in Pakistan
In 2020, at least 2.3 million women had breast cancer and 685 000 deaths globally (WHO, 2021). At the same time, in Pakistan, about 36,000 breast cancer cases were diagnosed…
Avanceon Ltd results affected due to lower contracts executed during the quarter
AVN has posted 3QCY21 consolidated NPAT of PKR156mn (EPS: PKR0.61), down 51% yoy and 36% qoq. This takes the 9MCY21 net profits to PKR642mn (EPS: PKR2.50), up 55% yoy, The…
Saudi loan stabilising economy and rupee: 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 Friday said Saudi loan has improved…
Nishat Mills Limited earnings increased by 248% YoY and 44% QoQ
Nishat Mills Limited (NML) announced its financial result for 1QFY22 whereby the company declared a highest ever quarterly earnings of PKR 3,291mn (EPS: PKR 9.36) compared to profit of PKR…
A brief review of 9MCY21 results of Bank Of Punjab
BOP announced earnings today at PKR 8.7bn (EPS:PKR 3.26) for 9MCY21, depicting an impressive YoY uptick of 50% while down 16% QoQ (3QCY21 EPS: PKR 1.18). Earnings posted a sequential…
The Hub Power Company earning in 1QFY22, down due to 34% YoY decline in share of profit form associates
The Hub Power Company Limited (HUBC) announced its 1QFY22 financial result today where the company posted a profit after tax (PAT) of PKR 7,416mn (EPS: PKR 5.72), down by 9%…
AGP Ltd posts strong result despite an earnings miss in 3QCY21
AGP has reported 3QCY21 NPAT of PKR342mn (EPS: PKR1.22), down 17% yoy and 12%qoq. The result is lower than our estimated EPS of PKR1.60, where the deviation has stemmed from…
Gul Ahmed Textile Mills Ltd mixed result for 1QFY22
Gul Ahmed Textile Mills (GATM) reported consolidated NPAT of PKR1.2bn (EPS: PKR2.27) for 1QFY22, up a sharp c.70% yoy while down c.30% qoq. The 4Q result is lower than our…
Introducing Meta: A social technology company
Today at Connect 2021, CEO Mark Zuckerberg introduced Meta, which brings together our apps and technologies under one new company brand. Meta's focus will be to bring the metaverse to…
Octopus Digital no bonus but encouraging result for 09MCY21
The Board of Directors of Octopus Digital Limited in their meeting held on Friday, 29 October 2021 at 10:30 AM, at the Avanceon Building, 19-Kms, Main Multan Road, Lahore, online,…
OGDC announced an interim cash dividend of PKR 1.75/share for 1QFY22
Oil and Gas Development Company Limited (OGDC) announced its financial result today, posting a profit after tax (PAT) of PKR 33,629mn (EPS: PKR 7.82) in 1QFY22 in contrast to PKR…
Byco Petroleum named factors influencing refinery sectors
Byco Petroleum Pakistan Limited has named reasons that influenced its refinery sector. According to the Company quarterly detailed report released today, the current quarter (July – Sept) witnessed severe Pak…
KATI expressed gratitude of the firefighters responded timely at Korangi Sector 15 & 27
President Korangi Association of Trade and Industry (KATI) Salman Aslam has expressed his gratitude for the timely action of fire tenders in the Korangi Sector 15 and 27 fire incidents.…