Nishat Chunian Power Q1 Profit Up 5.8%
Amid the hue and cry by the public over highly inflated electricity bills, Nishat Chunian Power Limited recorded a 5.8 per cent growth in its net profit despite a plunge…
Wafi Energy becomes the majority shareholder of Shell Pakistan
Wafi Energy Holding Limited (Wafi Energy) becomes the majority shareholder of Shell Pakistan Limited (SPL) after The Shell Petroleum Company Limited, a subsidiary of Shell plc (Shell), completes the sale…
Sindh Government to facilitate vanaspati manufacturers with full support: Jam Ikram Dharejo
The Sindh government has committed to providing comprehensive support to Vanaspati manufacturers, particularly those from Punjab, to establish industries in Karachi. Speaking at the general body meeting of the Pakistan…
KSE100 surged ahead and moved in new high territories during October: Spectrum Research
KSE100 surged ahead and moved in new high territories during October and recorded its highest monthly increase of 9.7% (+7852 points to close at 88,966) since Nov 2023. The market…
SBP reserves increased by US$ 116 million to US$ 11,156.4 million.
The total liquid foreign reserves held by the country stood at US$ 16,049.0 million as of 25-Oct-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…
Islamic Fintech Experiences Rapid Growth: Zubair Mughal
The Islamic Fintech sector is rapidly evolving, reshaping financial landscapes by blending technology with Shariah-compliant financial services. As digital platforms and innovative tools gain traction globally, Islamic Fintech stands out…
Pakistan can enhance manpower exports to the hospitality sector worldwide
Pakistan's government, in collaboration with the private sector, could provide training in various skills to thousands of youngsters and enhance manpower export to the hospitality industry of different countries for…
SEARL has reported net revenues of PKR7.6bn
SEARL has reported 1QFY25 attributable NPAT (both continuing and discontinued ops) of PKR408mn (EPS: PKR0.80), up 3.3x YoY and much higher than our estimated EPS of PKR0.2/sh. Attributable profits from…
Mughal Iron & Steel Industries upgrades its re-rolling mill
Mughal Iron & Steel Industries Ltd. (MUGHAL) reported a consolidated NLAT of PKR24mn (LPS: PKR0.07) for 1QFY25, compared to an NPAT of PKR515mn SPLY. While results exceeded expectations due to…
Maersk signs long-term Methanol sourcing deal for the Ocean Fleet
A.P. Moller - Maersk (Maersk) has entered into a long-term bio-methanol offtake agreement with LONGi Green Energy Technology Co., Ltd. The agreement will contribute to lowering GHG emissions from Maersk’s…
Saudia expanding services to Pakistan
Saudia, the national flag carrier of Saudi Arabia, has reported significant growth in its operational performance for the third quarter of 2024, as outlined in its latest performance report. The…
Reduce interest rates to promote local and foreign trade activities, Says Malik Khuda Bakhsh
Malik Khuda Bakhsh, a member of the United Business Group (UBG) Core Committee, convener of the FPCCI Central Standing Committee, and a prominent leader in the petroleum and CNG sector,…
Check which sector performance best in 3QCY24 amid earnings declined by 16% YoY
KSE-100 profitability declined by 16% YoY to PKR 400bn in 3QCY24. The decline is mainly attributable to a drop in earnings in the E&Ps, Chemicals, OGMCs, Food, Textile Composite, Refinery,…
DWP Technologies shines at Cisco and Ingram Partner award night 2024
DWP Technologies, a division of Pakistan’s leading business conglomerate, DWP Group, has secured two prestigious accolades at the Cisco and Ingram Partner Award Night held on October 23, 2024, in…
Hub Chamber of Commerce and Industry asks to reduce markup.
The President of the Hub Chamber of Commerce and Industry, Mr. Yakoob H. Karim, The former Presidents, Mr. Maqsood Ismail and Mr. Ismail Suttar, said that the State Bank must…
Korangi Industrial Zone, needs immediate action against rising crime: KATI President
SSP Korangi, Kamran Khan, stressed the importance of establishing a Business Facilitation Desk to enhance crime prevention efforts in the Korangi Industrial Area, saying it would streamline investigations and discourage…
Meezan Bank wins ‘Best Company in Financial Category’ Award
Meezan Bank, Pakistan’s leading Islamic bank, has been honored with the prestigious ‘Best Company in the Financial Category’ award at the 39th Corporate Excellence Awards, hosted by the Management Association…
Zong, in collaboration with DCode offers affordable access to 4G connectivity
Taking one step ahead in bridging the digital divide, Zong, in partnership with DCode, is offering an affordable device-data bundle. This initiative is taken to further the accessibility of connectivity…
KCCI delegation meets Chief Minister Sindh
Chief Minister Sindh Syed Murad Ali Shah along with members of his cabinet presided over a meeting at CM House on Wednesday with a delegation of Karachi Chamber of Commerce…
Infant Mortality in Sindh is half that of Pakistan
The Sindh Government, in partnership with ChildLife Foundation, has achieved a significant milestone of reducing the province’s infant mortality rate to half as compared to the rest of Pakistan. This…
HUBC: 1QFY25 earnings arrived at PKR 14.74/share, up by 12% YoY: AHL Research
The Hub Power Company Limited (HUBC) announced its 1QFY25 financial result today. The company posted consolidated earnings of PKR 19,125mn (EPS: PKR 14.74), up 12% YoY compared to PKR 17,082mn…
Al Shifa Trust inaugurates the Aesthetic Ophthalmology Centre.
As the need for cosmetic eye surgery grows, Al-Shifa Trust (AST) has transformed its beautification unit into a full-fledged Aesthetic Ophthalmology Centre to meet patients' medical and surgical needs. Cancer patients…
Citi Pharma 1QFY25 EPS at Rs0.88, up 32% QoQ
Citi Pharma (CPHL) announced its 1QFY25 result today. The company recorded earnings of Rs201mn (EPS of Rs0.88), up 114% YoY and 32% QoQ. The result was higher than expected due…
Govt to facilitate foreign and local investors: Minister for Industries and Commerce
Sindh Minister for Industries and Commerce Jam Ikramullah Khan Dharejo said the provincial government is working to facilitate foreign and local investors' investments in the food and allied sectors, generating…
Mashreq reports its strong financial performance for the 9MCY24
Mashreq is proud to report its strong financial performance for the first nine months of 2024, showcasing its commitment to its strategic priorities. These include placing clients at the forefront…
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