Amreli Steels saw higher-than-expected finance costs in 2QFY24
Amreli Steels Limited (ASTL) reported a NLAT of PKR462mn (LPS: PKR1.55) in 2QFY24, compared to an NLAT of PKR173mn (LPS: PKR0.58) in the previous quarter. The result was worse than…
Mughal Iron & Steel’s revenue remains robust.
According to IMS Research, Mughal Iron & Steel (MUGHAL) has posted 2QFY24 NPAT of PKR773mn (EPS: PKR2.30), up 64% YoY and 50% QoQ. The result was significantly higher than the…
PTCL Group announces Shoq TV Box Powered by Android TV
Pakistan's largest telecommunications and integrated ICT services provider, PTCL Group, is set to launch in Pakistan a cutting-edge Shoq TV Set-top Box powered by Android TV, to transform the TV…
Mobilink Bank’s “Change to Sustain” program drives sustainability with PKR 2.5 billion.
Mobilink Bank, a leader in digital financial services, launched its sustainability program, "Change to Sustain," signaling a step forward in its journey towards operational transformation and promoting environmental stewardship within…
WAPDA awards consultancy services contract to Quality Solutions Technologies
The Pakistan Water and Power Development Authority (WAPDA) signed a contract worth Rs. 46.5 million with Quality Solutions Technologies (Pvt) Ltd for consultancy services for the digitization of significant rock…
WaterAid unveils key health study on WASH in Pakistan.
WaterAid's latest Health Study, "Determining the Health Cost of Inadequate Water, Sanitation, and Hygiene in Pakistan," was unveiled in Islamabad today, marking a significant step towards addressing critical public health…
Nishat Chunian Power’s profitability in 1HFY24 rose by 32% YoY
Nishat Chunian Power Limited (NCPL) announced its 1HFY24 financial result today, where the company posted a profit after tax (PAT) of PKR 2,425mn (EPS: PKR 6.60), up by 32% YoY…
Gul Ahmed Textile Mills earnings beat on higher than expected GM’s
Gul Ahmed Textile Mills (GATM) has reported consolidated NPAT of PKR0.5bn (EPS: PKR0.74) for 2QFY24, down 34% YoY but flat QoQ. This takes 1HFY24 total consolidated NPAT to PKR1.0bn, down…
Millat Tractors profits rose by 30% in 2QFY24
Millat Tractors Limited (MTL) reported a consolidated NPAT of PKR3.2bn (EPS: PKR16.61) in 2QFY24, up 30% QoQ and 25.5x YoY. The result was higher than our expected EPS of PKR15.41,…
Mars BPO named to the top 100 list of Pakistan’s highest export remittance list
Mars BPO, a trailblazer in the BPO landscape founded by Shoaib Akram, celebrates this significant milestone with the Annual Dinner and Award Ceremony, held graciously in Islamabad. The spectacular event…
Al-Shifa Trust annually saves 1500 premature babies from blindness.
The majority of premature newborns born weighing less than 1.5 kg are at a higher risk of developing retinal blood vessel disorganisation, which can result in visual issues, including lifelong…
CIMPA School at LUMS – Fostering a global community for mathematical excellence
The Department of Mathematics at LUMS has been designated as the Emerging Regional Centre of Excellence (ERCE) for its significant contributions to the promotion of mathematics in the region. This…
easypaisa partners with Bank Alfalah for international remittances
Bank Alfalah, one of the largest commercial banks in Pakistan has partnered with easypaisa, Pakistan's leading digital financial services platform, to enable customers to conveniently collect international remittances into their…
DP World and Masdar partner to drive renewable power for port operations
DP World has signed a partnership agreement with Abu Dhabi Future Energy Company (Masdar), a global leader in clean energy, to explore and implement renewable energy systems across DP World's…
International Baccalaureate celebrates educational excellence in Pakistan.
The International Baccalaureate (IB), in collaboration with the Association of IB World Schools in Pakistan (IBPAK), hosted the IB Day Pakistan, an event that marked a significant leap towards advancing high-quality global…
OGDC reported earnings of the highest ever quarterly PAT of PkR74.25bn in 2QFY24
Oil & Gas Development Company Ltd (OGDC) reported its 2QFY24 earnings today, wherein the company posted its highest ever quarterly Profit After Tax (PAT) of PkR74.25bn (EPS: PkR17.27), higher by…
Dubai Islamic Bank & DHA City Karachi Collaborate to facilitate overseas Pakistanis
Dubai Islamic Bank (DIB) Pakistan and DHA City signed a Memorandum of Understanding (MOU) to become the Banking Partner for property purchases through Remittance and Opening of Roshan Digital Accounts…
Fidelity Insurance Brokers/Lockton sets Energy Summit 2024 in Karachi on March 5
Leading international and local experts in the energy, power, infrastructure, risk management, and insurance sectors are set to gather for the groundbreaking Energy Summit 2024, hosted by Fidelity Insurance Brokers/Lockton…
PSX saw another year of record profitability, surpassing PKR 1.5trn
The profitability of the KSE-100 index continues to soar to new heights, posting a robust growth of 51% YoY in CY23. The growth in profitability during the period was attributable…
KCCI slams NEPRA’s decision to allow Rs7.052 per kWh adjustment in fuel charges for Jan
President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh has strongly condemned NEPRA's decision to allow an increase of Rs7.0562 per kWh as an adjustment in fuel charges…
PML-N decision to contact all parties for a Grand Dialogue welcomed
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Monday that the decision…
Hexing participates in the Solar Exhibition in Pakistan
The Solar Pakistan Exhibition, a three-day event, commenced at the Lahore Expo Center on Tuesday, drawing a significant turnout from households and commercial and industrial entities seeking energy-efficient solutions. Hexing…
JS Bank appoints Atif Salim Malik as the new CEO
JS Bank, one of the fastest-growing banks in Pakistan, has appointed Atif Salim Malik as the new Chief Operating Officer (COO). Before his appointment as the COO, Atif served as…
Zong 4G’s offers affordable call packages for China & Afghanistan
Zong 4G, Pakistan's No. 1 Network operator, offers an international direct dialling bundle for China & Afghanistan at the most affordable price ever so that you can stay connected with…
Sunova Solar unveils cutting-edge solar products in Pakistan.
Sunova Solar, a global leader in renewable energy solutions, set the stage for a paradigm shift in the country's energy sector with the introduction of cutting-edge Tier-1 Solar products in…
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