Zonergy signs cooperation agreement with M.I.C
Zonergy Europe has announced the signing of a strategic cooperation agreement with M.I.C., a company committed to promoting business between Italy and China with an already strong foothold in the…
PSMC to release its 9MCY22 financial result on 26th Oct’22
Pak Suzuki Motors Company Ltd. (PSMC) is scheduled to release its 9MCY22 financial result on 26th Oct'22. We expect the company to post a profit after tax (PAT) of PKR…
Indus Motor Company to announce financial result for 1QFY23 on 26th Oct’22.
Indus Motor Company Limited (INDU) is expected to announce financial result for 1QFY23 on 26th Oct'22. The company is projected to post a net profit of PKR 3.7bn (EPS: PKR 47.5),…
Fauji Fertilizer Bin Qasim 3QCY22 Result Review
Fauji Fertilizer Bin Qasim Ltd (FFBL) has posted an unconsolidated loss of PKR1.7bn (LPS: PKR1.31) for 3QCY22, compared to NPAT of PKR2.3bn (EPS: PKR1.76) in 3QCY21. The result is against…
FCCL, has registered decent margins and profitability post amalgamation of Askari Cement.
Fauji Cement Company Ltd (FCCL) has posted NPAT of PKR2.3bn for 1QFY23 (EPS: PKR0.94), up 70% YoY but down 24% QoQ. The result came in much higher than our estimated…
Pakistan key economic indicators – monthly update
Current account deficit (CAD) continued to decline for the third consecutive month dropping to US$316mn in Sep 2022 vs. US$676mn in Aug 2022 led by 24% MoM reduction in trade…
Pakistan Steel 1QFY23 result previews: Lower demand and inventory losses to dent profitability
IMS Steel Universe is expected to post cumulative NPAT of c.PKR1.6bn in 1QFY23, down 55% QoQ (-82% YoY), amid lower margins, inventory & exchange losses, and elevated finance cost. We…
KAPCO: Earnings of PKR 2.88/share expected during 1QFY23
Kot Addu Power Company Limited (KAPCO) is scheduled to announce its 1QFY23 financial result on Oct 25th, 2022. We expect, the company to post a profit after tax of PKR…
HUBC to announce its 1QFY23 financial result on Oct 27th, 2022
The Hub Power Company Limited (HUBC) is scheduled to announce its 1QFY23 financial result on Oct 27th, 2022. We forecast the company to post a consolidated profit after tax of…
ONE Network and Cybernet complete first phase of cross-country long-haul fiber network
A new ultra-low latency long-haul fiber network is being deployed jointly by One Network, the largest ICT and Intelligent Traffic and Electronic Tolling System operator in Pakistan, and Cybernet, a…
United States and Khushhali Microfinance Bank sign $25 million commitment to empower women and micro and small businesses
The United States government, through the U.S. International Development Finance Corporation (DFC) and the U.S. Agency for International Development (USAID), launched a new partnership with Pakistan's leading financial institution Khushhali…
Gwadar should be connected to the national grid: 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 Monday said it is important…
Pakistan Technology: IT Exports in Sep-22 down by 10% MoM
Information Technology (IT) exports of Pakistan for September 2022 declined by 10% MoM and by 4% YoY to US$206mn primarily due to lower computer services exports. IT exports peaked at…
SAIMA builders announce the launch of ZSZ midtown, their latest affordable housing solution
A leader in the real estate industry of Pakistan, Saima Builders officially announced the launch of their latest housing society, ZSZ Mid Town. Situated amid the Karachi-Hyderabad highway, the new…
PFA seeks KCCI’s assistance in dealing with Tier-I retailers’ issue
Senior Vice Chairman Pakistan Furniture Association (PFA) Rana Waheed Murad, while referring to several discussions and a meeting held on June 22 with the then Finance Minister Miftah Ismail and…
The realme C25Y is the ultimate budget-friendly solution
We use smartphones every day to simplify our everyday problems and fulfill our needs. We use them to book a ride service to get from place to place, make cashless…
PTCL Group engages IBM for business transformation through RISE with SAP on Amazon Web Services
PTCL & Ufone kicked off their corporate business transformation leveraging RISE with SAP at the core of their organization with the goal to drive efficiency, effectiveness, and innovation. The announcement…
NEPRA announces decision on KE’s petition of quarterly adjustments for April to June 2022
Based on KE's petition for Quarterly Adjustments for April to June 2022, NEPRA has determined Quarterly Tariff variation for the period applicable on the July 2022 to September 2022. NEPRA…
DEL wins multiple awards for its benchmark HSE initiatives
Pakistan's leading large-scale engineering company, Descon Engineering Ltd. (DEL), has worked towards becoming a benchmark for the industry by achieving excellence in Health, Safety, and Environment (HSE). Recently, the company…
Meezan Bank announces financial results for the 3Q2022
The Board of Directors of Meezan Bank, in its 100th Board meeting held on October 19th, 2022 approved the financial statements of the Bank for the nine months period ended September…
FrieslandCampina Engro Pakistan announces Q3, 2022 results
FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for Q3, 2022. The Company reported revenue of PKR 52.8 billion for the nine months ended, showcasing 37% increase versus same…
Ms Marriyum Aurangzeb represented Pakistan at the 12th Session of the Islamic Conference of Information Ministers held in Istanbul, Turkiye
Federal Minister for Information and Broadcasting, Ms Marriyum Aurangzeb represented Pakistan at the 12th Session of the Islamic Conference of Information Ministers held in Istanbul, Turkiye. The theme of the conference…
MAP to host marketing conference in Karachi next year
The Marketing Association of Pakistan (MAP) plans to organize an internarial standard of marketing conference in Karachi next year, followed by Lahore and Islamabad. This was disclosed by Muhammad Azfar…
Breast Cancer detection and treatment will be available in KP
The Public Health Association (PHA) Khyber Pakhtunkhwa in collaboration with the Institute of Radiotherapy and Nuclear Medicine (IRNUM) held an awareness session on the Breast Cancer Early Detection Initiative of…
International Rescue Committee aims to assist 1.5 million flood affected people
As the national coordinated efforts for provision of relief and subsequent rehabilitation of flood-affected people have been accelerated at all levels, there still needs much to protect flood victims from…
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