Daily cargo handling report of Karachi port trust

The Karachi Port Trust handled 106,961 tons of cargo comprising 69,683 Tones of import cargo and 37,278 Tons of export cargo during last 24 Hrs ending at 0700 Hours.


The total import cargo of 69,683 comprised of 38,657 Tons of Containerized Cargo, 7,242 Tons of Bulk Cargo, 1,157 Tons of Rock Phosphate, 3,464 Tons of Soya Beans Seeds and 19,163 Tons of Oil/Liquid Cargo


The total export cargo of 37,278 tons comprised of 33,578 tons of containerized cargo, 500 Tons of Bulk Cargo, and 3,200 Tons of Oil and Liquid Cargo.… Continue

Pakistan’s liquid foreign reserves decreased by US$ 830 million

The total liquid foreign reserves held by the country stood at US$ 22,742.6 million on 30-April-2021. The break-up of the foreign reserves position is as under: –

Foreign reserves held by the State Bank of Pakistan: US$ 15,597.9 million

Net foreign reserves held by commercial banks    : US$ 7,144.7 million

Total liquid foreign reserves             : US$ 22,742.6 million

During the week ended 30-April-2021, SBP reserves decreased by US$ 830 million to US$ 15,597.9 million.… Continue

Microsoft Teams unveils additional features to support educators and learners

Microsoft has announced that it has added several new features to its ‘Teams’ designed to support educators and students in creating a holistic learning environment for the next chapter of education. Among others, the new features will provide for personalized learning for each and every student, organize the online classroom experience and make assignments more engaging, organized and fun.… Continue

Ufone launches super card max

Pakistani telecom operator Ufone, has introduced a new member of the Super Card family, Super Card Max that will cater to growing need of calls, data & connectivity of millions of Pakistanis.

Promising absolute ‘befikri’ using the Super Card Max, Ufone offers all its subscribers hassle-free connectivity through this offer.… Continue

KCCI seeks extension in last date for ST & FE Return up to May 30

President Karachi Chamber of Commerce & Industry (KCCI) Shariq Vohra, while referring to FBR’s Letter dated May 6, 2021, stated that the extension in dates of payment and submission of Sales Tax and Federal Excise Return for the Tax Period of April 2021 up to May 18, 2021 and May 21, 2021 respectively were not enough which have to extended to May 30, 2021 to facilitate taxpayers.… Continue

PSX shows an increase of 231pts today

· Market opened on a positive note and after sustaining a short dip of 54pts below LDCP, bounced back, closing the session on a strong note at +300pts (unadjusted). Cement, Fertilizer, Refinery and Technology stocks kept the interest alive and despite a long vacation investors took a long bet.… Continue

Telecard Limited’s analyst briefing

Telecard Limited (TELE) conducted its corporate briefing session today to discuss latest financial result and business outlook. To recall, the company posted consolidated earnings of PKR 141Mn (EPS: PKR 0.47) in 3QFY21 as opposed to a loss of PKR 29Mn (LPS: PKR 0.10) in SPLY.… Continue

Earnings review of Al-Ghazi Tractors

Al-Ghazi Tractors (AGTL) reported 4QCY20 NPAT PKR461mn (EPS: PKR7.95), compared with a net loss of PKR311mn (LPS: PKR5.37) SPLY, while up 2% qoq. This took CY20 NPAT to PKR1.4bn, up a sharp 41% yoy. The result is better than our expected 4Q EPS of PKR6.10, where the deviation largely stemmed from higher-than-expected gross margins.… Continue

ILMA holds a free webinar on leadership development

ILMA pushed the limits of human potential with its Free webinar on Leadership Development by Lifeskills Coach AP Dr Ahmed Razman, Associate Professor & Manager Business Development, Putra Business School, Universiti Putra Malaysia. The University provided this amazing opportunity to learn from an international expert in matters of testing one’s limits as far as leadership skills are concerned.… Continue

InfraZamin Pakistan awarded ‘AAA’ Credit Rating by PACRA

InfraZamin Pakistan Limited (InfraZamin) has been assigned the highest credit ratings possible by the Pakistan Credit Rating Agency (PACRA), with a long-term rating of AAA (Triple A) and short-term rating of A1+ (A One Plus). The strong positive rating by PACRA comes as InfraZamin is gearing up to launch business operations and lends further support for InfraZamin’s plans to develop the infrastructure financing market in Pakistan by offering credit enhancement solutions.… Continue