Hum Network is heading for growth
We initiate coverage on Hum Network Limited (HUMNL) with a Dec'22 target price of PKR 17.5/share, offering a noteworthy upside of 114% from current levels. Our liking for the stock…
ICI Pakistan likely to post earnings of PKR 22.0/share during 3QFY22
ICI Pakistan Limited (ICI) is scheduled to announce its 3QFY22 financial result on Apr 26th 2022. We expect the company to post a profit after tax (PAT) of PKR 2,032mn…
HUBC to announce a cash dividend of PKR 3.5/share during 3QFY22
The Hub Power Company Limited (HUBC) is scheduled to announce its 3QFY22 financial result on Apr 28th 2022. We forecast the company to post a consolidated profit after tax for…
ASTL plans to incase the capacity of melt shop to nearly 600kt/a
Amreli Steels Limited (ASTL) announced the financial result for 3QFY22 today, posting a profit after tax (PAT) of PKR 531mn (EPS: PKR 1.79) compared to PKR 503mn (EPS: PKR 1.69)…
Pakistan’s leather industry exports revenues maintained double-digit growth in 9MFY22
Pakistan's leather industry exports revenues maintained double-digit growth during the first nine months of FY22 (July – March 2022). The leather industry export revenue has surged to US$735.099 million in…
International Steels plans backward integration into an HRC plant
International Steels Ltd (ISL) has posted NPAT of PKR1.1bn (EPS: PKR2.60) in 3QFY22, down a sharp c.30% qoq and c.50% yoy. This takes 9MFY22 EPS to PKR12.31, down c.22% yoy.…
PSX market likely to be on Monday and beyond
Outlook After the downward correction faced by the market this week, we expect it to remain jittery in the near term. As the country settles into the new regime, economic…
Jubilee Life Insurance holds an iftar dinner at Dar Ul Sukun
Jubilee Life Insurance holds an iftar dinner at Dar Ul Sukun for physically and mentally challenged children and the elderly. Brand Ambassadors of Jubilee Life Bilal Ashraf, Fawad Alam and…
Indus Motor likely to pay PKR25/share in 3QFY22
We estimate Indus Motor to post PAT of PKR4,234mn (EPS: PKR53.59) compared to PKR PKR3,632mn (EPS: PKR 45.98) in the corresponding period last year, depicting the massive increase of 16%YoY…
Oil and gas prices have become a threat to the economy: Mian Zahid Hussain
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said the prices of imported oil and…
Witness the amazing action at the Free Fire World Series (FFWS) 2022 Sentosa, featuring a US$2,000,000 prize pool!
Free Fire's most iconic offline tournament, the Free Fire World Series (FFWS), returns in May! The highly-anticipated event will be held in Singapore for the second year running. Taking place…
NITL Funds are now available on Hysab Kytab
Pakistan's First Asset Management Company NITL has signed up with Hysab Kytab to provide end users/customers access to its family of funds within the consumer application. This collaboration will empower…
Earth Day: Jazz to achieve net-zero emissions by 2050
Today, as we celebrate World Earth Day it is essential for us to understand that responding to climate change is not an option anymore, in fact, there is a climate…
DP World wins global vaccine logistics award
DP World was awarded the prestigious "Best Logistics Technology & Cold Chain Delivery" award at this year's Vaccine Industry Excellence Awards, held in Washington DC. The award recognised DP World's…
KATI’s concern over the rise in the value of the dollar again
Acting President of Korangi Association of Trade and Industrial (KATI) Farrukh Qandhari has expressed concern over the rise in the value of the dollar once again. He said that the…
CEO Bagallery visits Sahara village
Bagallery team visited them and had Iftar with the Sahara Village family. At this occasion Salman Sattar CEO Bagallery also distributed gifts amongst the residents of Sahara Village and listened…
Lotte Chemical Pakistan PAT up by 60% YoY
Lotte Chemical Pakistan Limited (LOTCHEM) announced its 1QCY22 financial result today where the company posted a profit after tax (PAT) of PKR 2,615mn (EPS: PKR 1.73), up by 60% YoY…
Iftar reception in honor of Karachi based diplomats by KCCI
Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) Zubair Motiwala has urged the diplomatic community to portray the positive image of Pakistan as the…
A range bound secession was observed at PSX today
· A range bound secession was observed at PSX today due to further devaluation of PKR against US dollars and concerns over spike in T-Bill yields. The market opened in…
Rabel Sadozai becomes the first female Marketing Director of Fatima Fertilizer
Fatima Fertilizer is pleased to announce that Rabel Sadozai, a seasoned marketing professional, has been recently promoted to lead the Sales and Marketing function within the organization. Rabel has become…
The United States and Pakistan expand green energy and improve power supply
The United States government, through the United States Agency for International Development (USAID), is partnering with the Pakistani government to launch a $23.5 million, four-year power sector improvement project to…
Fauji Fertilizer Bin Qasim Profitability jumps up by 28% YoY in 1QCY22
Fauji Fertilizer Bin Qasim Limited (FFBL) announced financial result for 1QCY22 today where the company posted earnings of PKR 1,627mn (EPS: PKR 1.26) against PKR 1,266mn (EPS: PKR 0.98) in…
TikTok releases Q4 2021 report, more than 6.5 million videos removed from Pakistan
The ongoing reports highlight strides made in maintaining the platform as a safe and welcoming space across 2021 With 6,563,594 videos removed, Pakistan ranked third in the world for the…
Success story of Rashida with the support of MMBL
With rising inflation and the high costs of living, making ends meet on minimum monthly wage is extremely challenging for an ordinary citizen of Pakistan. Such was the case with…
Beaconhouse saves 4,000 megawatts-hours from successfully running 40 facilities on solar energy
Beaconhouse Group, Pakistan's largest network of private educational institutions and a host of diverse businesses, is successfully running 40 of the network's facilities on solar energy. Students of 26 Beaconhouse…
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