Holiday on May 01.
The State Bank of Pakistan will remain closed on May 1, 2023 (Monday) on the occasion of "Labour Day" as declared by the Government of Pakistan.
PPL: EPS of PKR 30.08 in 9MFY23
As per latest financial result announcement, Pakistan Petroleum Limited (PPL) posted a profit after tax of PKR 81,835mn (EPS: PKR 30.08) during 9MFY23 versus PKR 52,329mn (EPS: PKR 19.23) in…
APL: EPS of PKR 79.06 in 9MFY23
Attock Petroleum Limited (APL) announced the financial result for 9MFY23, whereby the company has posted a profit after tax (PAT) of PKR 9,836mn (EPS: PKR 79.06) against PKR 11,247mn (EPS:…
MUGHAL is scheduled to announce its 3QFY23 result on Monday
MUGHAL is scheduled to announce its 3QFY23 result on Monday, where we expect the company to record NPAT of PkR1.66bn (EPS: PkR4.95), up 2.5x/98% QoQ/YoY. It is worth noting that…
PSO: EPS of PKR 21.91 in 9MFY23
Pakistan State Oil Company Limited (PSO) announced its financial result for 9MFY23 posting a profit after tax (PAT) of PKR 10.3bn (EPS: PKR 21.91) compared to PKR 64.8bn (EPS: PKR…
Kohat Cement Company announced the financial result for 3QFY23 today
Kohat Cement Company Limited (KOHC) announced the financial result for 3QFY23 today, posting a profit after tax (PAT) of PKR 1,624mn (EPS: PKR 8.08) compared to PKR 1,646mn (EPS: PKR…
OGDC announced a cash dividend of PKR 1.80/share in 3QFY23
Oil & Gas Development Company Limited (OGDC) announced its financial result today, posting a profit after tax of PKR 159,639mn (EPS: PKR 37.12) during 9MFY23 compared to PKR 112,044mn (EPS:…
Uncontrolled exports and sugar smuggling would push the prices to Rs200 per kg.
Dr. Hanif Mughal, Senior Vice President of Pakistan Economy Watch (PEW), on Thursday, said the powerful sugar mafia is depriving poor masses of billions of rupees by constantly increasing the…
HUBC announced a cash dividend of PKR 2.75/share: 3QFY23
9MFY23: Earnings registered an increase of 57% YoY The Hub Power Company Limited (HUBC) announced its 3QFY23 financial result today where the company posted a profit after tax (PAT) of…
Zonergy Corporation global launched its Industrial and Commercial Energy Storage System-SCOPIO.
Zonergy Corporation, World's Leading PV Inverter & module manufacturer, has globally launched its Industrial and Commercial Energy storage system (Scopio) to cater growing needs of the European Renewable energy market.…
KAPCO: 3QFY23 EPS @ PKR 0.78
Kot Addu Power Company Limited (KAPCO) announced its 3QFY23 financial result today where the company posted a profit after tax (PAT) of PKR 689mn (EPS: PKR 0.78), down by 74%…
After Eid, the PSX resumed trading with a bullish session.
· Following a long Eid holiday, the PSX resumed trading with a bullish session. The benchmark KSE-100 index opened in the green as bulls took control, reaching an intraday high…
Karandaaz Pakistan partners with foodpanda to increase digital payments in the country
Karandaaz Pakistan and foodpanda Pakistan recently signed an agreement which aimed to increase financial inclusion in the country by facilitating the onboarding of customers, who are habitual users of the…
President KCCI seeks an extension on the last date of the electricity bills payment
President Karachi Chamber of Commerce and Industry (KCCI) Mohammed Tariq Yousuf has requested the management of K-Electric to extend the last date to pay electricity bills given the extended holidays…
PPL funds the Center of Excellence at UET, Lahore
Pakistan Petroleum Limited (PPL), a leading E&P company since the early 1950s and one of the largest corporate donors in the country, has funded the establishment of 'Center of Excellence…
Poor economic policies did not allow the economy to grow
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said the most important economic…
President UBG welcomed the surplus of $654 million in the current account.
President of United Business Group (UBG) and former president of FPCCI, Zubair F. Tufail has welcomed the surplus of $654 million in the current account in the third month of…
Pakistan’s private sector is playing a very responsible role, President SAARC CC&I
President of SAARC Chamber of Commerce and Industry, founder of Pakistan-US Business Council and former president of FPCCI Iftikhar Ali Malik said that Pakistan had fulfilled all the conditions of…
The current account surplus will not stabilise the economy
Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr Shahid Rasheed Butt on Monday said the first current account surplus in two years will not help stabilise the…
Pakistan Technology: IT exports post MoM recovery to US$223mn; 9MFY23 exports flat at US$1.94bn
§ Pakistan's Information Technology (IT) exports for March 2023 recovered by 14% MoM due to a 51% MoM increase in Telecom and 8% MoM in Computer Services. § Among Computer…
Pakistan Key Economic Indicators – Monthly Update
Pakistan posted a Current Account Surplus (CAS) of US$654mn in March 2023 against a deficit of US$36mn in February 2023. This is the first monthly surplus since November 2020, thanks…
International Steels has posted an impressive result in 3QFY23
International Steels Ltd (ISL) has posted NPAT of PKR1.5bn (EPS: PKR3.48) in 3QFY23 compared to NLAT of PKR388mn (LPS: PKR0.89) in 2QFY23. The result came in much higher than our…
KAPCO: Earnings of PKR 0.79/share expected during 3QFY23
Kot Addu Power Company Limited (KAPCO) is scheduled to announce its 3QFY23 financial result on Apr 26th 2023. We expect, the company to post a profit after tax of PKR…
HUBC: Profitability to climb up by 25% YoY in 3QFY23
The Hub Power Company Limited (HUBC) will announce its 3QFY23 financial result on Apr 27th, 2023. We forecast the company to post a profit after tax of PKR 11.6bn (EPS:…
Boskalis to remove oil from FSO Safer in Yemen to avert an Environmental and humanitarian disaster.
Boskalis, through its subsidiary SMIT Salvage has agreed on April 20 with the United Nations Development Programme (UNDP) for the oil removal from the FSO Safer moored off Yemen's Red…