Boskalis AGM of Shareholders adopts resolutions

Royal Boskalis Westminster N.V. (Boskalis) announces that the Annual General Meeting (AGM) of Shareholders (the Meeting) adopted the 2020 annual financial statements earlier this week. The Meeting discharged the members of the Board of Management for their management as well as the Supervisory Board for their supervision.  … Continue

TPL Life launches Roshan Zindagi for overseas Pakistanis & their families residing in Pakistan

Delivering on its commitment to bring first-to-market insurance products in Pakistan, TPL Life, a leading Insurtech in Pakistan, has launched ‘Roshan Zindagi,’ a unique insurance plan designed to facilitate Non Resident Pakistanis (NRP’s) and their families residing in Pakistan.

With a unique product which is new to Pakistan’s insurance landscape, TPL Life strives to be the only digital life & health solution for valuable contributors to Pakistan’s economy they reside abroad.… Continue

Demurrage/detention charges at Pakistani port incurring over the extended Eid holiday/lockdown to be waived: Ali Haider Zaidi,

Ali Haider Zaidi, Federal Minister for Maritime Affairs, has committed to FPCCI President that Demurrage/Detention charges incurring over the extended Eid Holidays/Lockdown will be waived. Mian Nasser Hyatt Maggo led the delegation, President FPCCI, who called on the Minister and Khurram Tariq Sayeed, Founder President of Pakistan Foreign Investors Forum (FIF) Sheikh Sultan Rehman, SG FIF.… Continue

FPCCI & APRA demand re-opening of dine-in with SOPs

Mian Nasser Hyatt Maggo, President FPCCI, has said with deep concern that the restaurant industry is in dire need of government support and facilitation as it is severely affected after its operations are forced shut and sales and revenues have been almost wiped out due to COVID-19.… Continue

Analyst briefing takeaways of Thal Ltd

Thal Limited (THALL) posted 3QFY21 consolidated NPAT of PKR1.6bn (EPS: PKR20.29), up 46% yoy due to an increase in sales of the Engineering segment amid surge in overall Auto industry volumes. Gross Margins, however, remained flattish at c.15% yoy. This took 9MFY21 NPAT to PKR4.0bn (EPS: PKR49.83), up 52% yoy.… Continue

Pakistan stocks likely to perform better after EID

According to analyst, the market to remain in the green after Eid. Progress on the circular debt clearance plan is likely to keep the energy chain in the limelight. Moreover, after a week of holidays, investors are likely to build new positions where we highlight cyclical sectors to be the most attractive.… Continue

Analyst briefing holds by Gul Ahmed Textile Mills Ltd

Gul Ahmed Textile Mills Ltd (GATM) posted 3QFY21 consolidated NPAT of PKR1.7bn (EPS: PKR4.00), compared with a net loss of PKR453mn last year (LPS: PKR1.06). This took 9MFY21 NPAT to PKR3.6bn (EPS: PKR8.41). Gross Margins rose c.3ppt qoq from c.19% to c.22%, due to significant improvement in Spinning margins, which are likely to remain healthy as the present demand-supply situation in the yarn market is likely to persist.… Continue

Sindh Govt. appealed to allow shops to operate during last two days before Eid from Iftar to Sehri

The Karachi Chamber of Commerce & Industry (KCCI) has appealed Sindh Government to have mercy on the perturbed shopkeepers and small traders of Karachi by allowing them to open up businesses during last two days before Eid from Iftar to Sehri so that they could be able to recover some of the grave losses suffered by them due to stiff curbs imposed to contain further spread of COVID-19 pandemic.… Continue

DP World to operate three Alsace Ports

DP World has significantly expanded its European inland network, adding three key ports in the Alsace region through its affiliate company, Swiss terminal. Earlier this month, the public authority Syndicat Mixte des Ports du Sud Alsace (SMO) awarded the concession contract of the Ports of Mulhouse-Rhin to the public-private company composed of the SMO, the Caisse des Dépôts et Consignations and Alsace team (joint venture of Swiss terminal and the two French seaports Grand Port Maritime de Marseille and Haropa Port du Havre).… Continue