NBP records Pre-tax Profit of PKR 33.9 bn, 21% up YoY
The Board of Directors of National Bank of Pakistan "NBP" "the Bank" met yesterday to approve the condensed interim financial statements for the six months period ended June 30, 2022.…
SBP’s reserves increased by US$ 67 million to US$ 7,897.3 million.
The total liquid foreign reserves held by the country stood at US$ 13,613.3 million as of 12-Aug-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
HUAWEI Band 6 offers all-day health monitoring
With society becoming more advanced, people are paying closer attention to their health, and self-health management has become one of the most important measures for people to help prevent diseases…
CPEC is the future of Pakistan: Zubair Hayat
China Pakistan Economic Corridor (CPEC) is the future of Pakistan, which will bring immense strategic benefits to Pakistan but a national consensus and political will is needed to move forward…
KATI expressed concern over the finance minister’s statement to further increase the petroleum levy
President of Korangi Association of Trade and Industry (KATI) Salman Aslam expressed his concern over Federal Minister of Finance Miftah Ismail's indication of a further increase in the prices of…
Amreli Steels Limited posts a loss after tax of PKR 509mn
Amreli Steels Limited (ASTL) announced the financial result for 4QFY22 today, posting a loss after tax (LAT) of PKR 509mn (LPS: PKR 1.71) compared to a PAT of PKR 443mn…
PSX market remained range bound throughout the day
· Market remained range bound throughout the day as investors opted for profit taking. The benchmark KSE-100 index opened in the green zone but profit taking was witnessed by the…
Federal Finance Minister unveiled 4 point plan to put Pakistan on the path of prosperity
Leaders in Islamabad are instrumental in bringing new thoughts and significant perspectives always. They had invited Dr Miftah Ismail, Federal Minister for Finance and Revenue, and Sherry Rehman, Federal Minister…
Etihad chooses Rassure as a partner to enhance its ability to identify lost revenue opportunities
Rassure, an innovative revenue rescue service provider based out of Sydney, has announced today that it has been selected by Etihad to support the airline in automating its sales audit…
Huawei Cloud signs strategic MoU with ORA Global Development Advisors
Huawei Cloud Pakistan signed an MOU with ORA Global Development Advisors Pvt. Ltd.at the formers Islamabad Headquarters. Present at the occasion was CEO ORA Global, Ms. Fiza Farhan, Managing Director…
PSX witnessed a positive session today
PSX witnessed a positive session today. The KSE-100 index opened in the green zone but investors opted for profit taking in the1st trading hour. Banking sector remained in the limelight…
Fatima Fertilizer receives international gold-standard acclaim for best HSE performance
Fatima Fertilizer recently received an international acclaim by the International Fertilizer Association (IFA) through the Green Leaf Award that recognizes outstanding performance in safety, health and environment (SHE) in fertilizer…
Allied Bank Limited (ABL) announced its 1HCY22 results today
Allied Bank Limited (ABL) announced its 1HCY22 results today where the bank reported consolidated NPAT of PkR6.8bn (EPS: PkR5.96) compared to PkR8.9bn (EPS: PkR7.75) in the same period last year.…
MCB’s PBT increased by 30% for the half year ended June 30, 2022.
The Board of Directors of MCB Bank Limited (MCB) in its meeting under the Chairmanship of Mian Mohammad Mansha, on August 17, 2022, reviewed the performance of the Bank and…
Shell Pakistan to discontinue its aviation operations across Pakistan
The Board of Directors of Shell Pakistan Limited (SPL) announced the Company's half year results on August 17th, 2022. The Company posted a profit after tax of PKR 7,469 million…
Lucky Cement Awarded Environment Excellence Award 2022
Lucky Cement Limited (psx: LUCK) won the Environment Excellence Award at the 19th Annual Environment Excellence Awards 2022, organized by The National Forum of Environment and Health (NFEH). The award…
Engro Corporation standalone revenue in 1H 2022, exhibiting a substantial growth of 92%.
Pakistan's premier conglomerate, Engro Corporation (PSX: ENGRO) announced its financial results for the first half of the year ending June 30, 2022. Overview of Financial Performance Engro Corporation's standalone revenue…
Engro Corporation announced a cash dividend of PKR 11.00/share in 2QCY22
Engro Corporation Limited (ENGRO) announced its 2QCY22 financial result with a consolidated loss after tax of PKR 558mn (LPS: PKR 0.97) in contrast to PKR 8,717mn (EPS: PKR 15.13) in…
Power Cement joins ACCA’s strong global community of Approved Employers
Power Cement Limited is pleased to announce inclusion in ACCA's 7,800 plus global Approved Employer Network under the Trainee Development – Gold Category. The Association of Chartered Certified Accountants (ACCA)…
The PSX market observed a range bound session today
· The market observed a range bound session today. The benchmark KSE-100 index opened in the positive zone although investors opted to book profit which resulted the index to close in…
Attock Petroleum posted a PAT of PKR 18,536mn, up by 277% YoY.
Attock Petroleum Limited (APL) announced the financial result for FY22, whereby the company has posted a profit after tax (PAT) of PKR 18,536mn (EPS: PKR 186.23) compared to PKR 4,920mn…
Spotify Commemorates 75 Years of Pakistan’s Independence with the melodies
As Pakistan completes 75 years of Independence, Spotify is marking the occasion with a distinct mix of tunes and exclusive content that celebrates the nation's pride and heritage. The music…
Pakistan Oilfields posts NPAT of PkR25,935 mn for FY22, higher by 95%
Pakistan Oilfields Limited (POL) reported its earnings earlier today, announcing NPAT of PkR25,935mn for FY22, higher by 95% compared to the same period last year. For the final quarter, the…
Workers send record emittances in July 2022
Workers' remittances recorded an inflow of US$2.5 billion during July 22, continuing their record streak of above $2 billion for the 26 consecutive months. In terms of growth, during…
Daraz launches Independence Day celebration sale
The leading e-commerce brand of Pakistan, Daraz, has launched its biggest Independence Day sale to celebrate the 75th anniversary of Pakistan's Independence. The 11-day mega sale will provide customers with…
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