NBP announced earnings today for 9MCY20 at PKR 26.2bn (EPS: PKR 12.28), depicting a YoY increase of 58% and QoQ surge of meagre 1%. NII growth for the bank has…

FFBL posted unconsolidated NPAT of PKR3.31bn (EPS: PKR3.54) in 3QCY20, much better than our expected NPAT of PKR1.22bn (EPS: PKR1.31). This is the first unconsolidated profit after six quarters of…

Kashmir has been under Indian occupation for 73 years. India's atrocities on unarmed Kashmiris are increasing. Muslim countries all over the world will have to stand with us for the…

GO has joined hands with Pakistan Post to launch a Digital Franchise Post Offices at its retail outlets. It is the first OMC in Pakistan to take such a step.…

Pakistan's largest Islamic bank kicks off its digital transformation programme with the upgrade of its legacy payment platform Partnership will also see BPC combat the growing threat of Enterprise Fraud…

Market could only add 72pts earlier in the session, however, post announcement of financial results of PSO, the market discounted the earnings growth and Investors resorted to profit booking that…

Pak-Qatar Takaful Group in collaboration with IBA-CEIF (Centre for Excellence in Islamic Finance) recently held a webinar on Understanding Takaful Products by the company Chairman, Shariah Advisory Board, Mufti Muhammad…

On a consolidated basis, Lucky Cement Limited reported net profit after tax of PKR 5.13 billion of which PKR 0.78 billion is attributable to non-controlling interests for the first quarter…

Bookme Tickets Private Limited (Bookme), a leading Pakistani travel platform has partnered with over 1800 hotels all over Pakistan including the northern hilly areas. The objective of this launch is…

The Board of Directors of MCB Bank Limited (MCB) met under the Chairmanship of Mian Mohammad Mansha, on October 27, 2020 to review the performance of the Bank and approve…

Mian Anjum Nisar, President FPCCI has expressed his concerns over the unkind upswing in natural gas prices. He said that this decision would seriously affect the industrial sector, especially exporters…

Turkey's unflinching support for Jammu & Kashmir dispute was once again reiterated at an event organized by the Embassy of Pakistan in Ankara today. Chairman of Turkey-Pakistan Friendship Group in…

Gul Ahmed Textile Mills (GATM) reported consolidated 1QFY21 NPAT of PKR697mn (EPS: PKR1.63), more than doubling from an NPAT of PKR347mn (EPS: PKR0.81) SPLY and vs. Net loss of PKR1.2bn…

Pakistan State Oil Company Limited (PSO) announced its financial result for 1QFY21 whereby the company declared a Profit After Tax (PAT) of PKR 5.1bn (EPS: PKR 10.96) compared to PKR…

The State Bank of Pakistan (SBP) has introduced a new mechanism to enable companies in Pakistan to conveniently remit out disinvestment proceeds to their foreign shareholders. The goal of this…

The COVID-19 pandemic has brought to the fore fault lines – particularly within the education space that has required educators, learners and parents alike to be aware of the realities…

As per NFDC data, Urea offtake during September 2020 clocked in at c.393k tons, down 3% yoy and 31% mom. On a cumulative basis, however, total Urea offtake in 9MCY20…

As per NFDC data, Urea offtake during September 2020 clocked in at c.393k tons, down 3% yoy and 31% mom. On a cumulative basis, however, total Urea offtake in 9MCY20…

The Karachi Port Trust handled 276,085 tons of cargo comprising 181,519 tones of import cargo and 94,566 tons of export cargo during last 48 Hrs ending at 0700 Hours. TOTAL…

"We will not respect those who do not respect our prophet, we strongly condemn the insolence of the prophet from France' said religious scholar Mohammad Zubair. "The spirit of religious…

Mrs. Samina Alvi visited Lady Dufferin Hospital to launch its remarkable Pink Tree initiative this Sunday, on the 25th of October. The Pink Tree will be lit up annually, each…

Millat Tractors (MTL) reported 1QFY21 NPAT of PKR1.1bn (EPS: PKR22.78), up 3.2x yoy, from an NPAT of PKR356mn (EPS: PKR7.15) and up 1.4x qoq from an NPAT of PKR790mn (EPS:…

The management of Pakistan International Bulk Terminal (PIBTL) held a Corporate Briefing session on 26th Oct'20 to discuss the FY20 financial result and future outlook. Highlights: · To recall, the…

Mangla Dam yet again proved to be instrumental in mitigating floods this summer, especially in the months of August and September, as it successfully absorbed River Jhelum flood peaks as…

The 8th Meeting of China Pakistan Economic Corridor (CPEC) Joint Working Group on Transport Infrastructure was held via video link at Ministry of Communications here today. Besides Federal Secretary Communications…