President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Idrees, while referring to Finance Minister's tweet about latest Numbeo's cost of living index in which it has been claimed that…
Power generation went up by 8.9% YoY to 8,797 GWh (11,824 MW) during Jan'22, compared to 8,079 GWh (10,859 MW) during Jan'21.The rise in generation was owed to higher generation…
Carrefour, owned and operated by Majid Al Futtaim in Pakistan, and Alkhidmat Foundation signed a memorandum of understanding (MOU) on 21 February, during a special ceremony hosted in Lahore. The…
The global trade in liquefied natural gas (LNG) increased 6% to 380 million tonnes during 2021 as many countries rebounded from the economic impact of the COVID-19 pandemic, according to…
· Another sluggish day for the Pakistan Stock Exchange, market opened positive but could not sustain the green zone and the KSE 100 index closed negative 313 points during the…
Meezan Bank Limited (MEBL) announced its CY21 results today where the bank reported NPAT of PkR28.4bn (EPS: PkR17.35) compared to PkR22.7bn (EPS: PkR13.77) in the same period last year. The…
Tariq Glass Industries Limited (TGL) has informed Pakistan Stock Exchange (PSX) today that one of the Tableware producing furnaces which was closed for a schedule rebuild has been fired /…
The State Bank of Pakistan (SBP) will be launching Electronic Warehouse Receipt Financing (EWRF) for Maize Crop on Tuesday, February 22, 2022 at the event in Tehsil Chunian, District Kasur.…
Fauji Cement Company Ltd. (FCCL) announced result for 2QFY22 where company posted an EPS of PkR1.07, up 63% on YoY basis while on QoQ basis it increased by 8%. For…
Zong has taken the industry by storm with its recently launched TV Commercial starring some of the most prolific Social Media influencers who unveil the new tagline for the brand-…
· The management told that FrieslandCampina Engro Pakistan Limited (FCEPL)'s earnings depicted a surge of 10x YoY in CY21 on account of i) increase in volumetric sales and ii) better control…
· The management told that Engro Fertilizers Limited (EFERT) witnessed the highest ever urea sales of 2,295k tons in CY21 compared to 2,057k tons in SPLY. · As per the…
Interest in equities at the local bourse remained subdued amid thin volumes and low participation with the index hitting highs and lows of 45,732 pts and 45,441 pts, respectively, to…
Chief Petron UBG Mr. SM Munir, President United Business Group Mr. Zubair Tufail and other leaders and members of UBG have expressed their serious concern and anxiety over the exorbitant…
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 Friday said the import bill for…
Engro Corporation Limited (ENGRO) held its corporate briefing session today to discuss its CY21 annual result and future outlook of the company. To recall, the company posted unconsolidated NPAT of…
HUBCO held its Corporate Briefing session today to discuss the company's performance for 1HFY22. To recall, HUBC reported 2QFY22 consolidated NPAT of PKR4.8bn (EPS: PKR3.70), down 42% yoy and 35%…
Understand that Boskalis will provide emergency response assistance for two ships that are currently on fire. The first fire is on board a car carrier near the Azores and a second vessel is a large ferry near the Greek island…
· Market witnessed positive momentum along with improved trading volumes today due to decline in crude oil prices. After the approval of two new bills by the Senate pertaining to…
A ceremony was held at the State Bank of Pakistan (SBP) office in Islamabad to mark the issuance of a special 70 Rupee Commemorative Coin on the occasion of the…
MUGHAL has posted a decent result, although slightly lower than our expectations, mostly due to increase in input costs (scrap, ferro-alloys and utilities). Copper segment margins are likely to remain…
Mastercard has announced the expansion of its new interactive business intelligence platform Mastercard Market Trends in the Middle East and Africa. The new platform provides a comprehensive view of payments insights, competitive…
Getz Pharma, in collaboration with Dow University of Health Sciences (DUHS), has announced the launch of the first three courses on their brand new online medical learning platform MEDACE. 'MEDACE'…
The total liquid foreign reserves held by the country stood at US$ 23,490.2 million as of 11-February-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
Nestlé Pakistan Limited reported its annual results for 2021, continuing its journey towards recovery during 2021 with a revenue growth of 12.2% as compared to 2020. The company reported its…