Panther Tyres Limited (PTL) announced its financial result for FY21 whereby the company declared a profit after tax (PAT) of PKR 851mn (EPS: PKR 6.08) compared to PKR 252mn (EPS: PKR 1.80) in FY20. On a quarterly basis, earnings clocked-in at PKR 199mn (EPS: PKR 1.42) against PKR 153mn (EPS: PKR 1.09) in 4QFY20 and profit of PKR 181mn (EPS: PKR 1.29) in 3QFY21.… Continue
According to a research report, cement prices in the North region have increased by PKR10/bag to a new all-time high of c.PKR660/bag. This is the second consecutive hike in the past week, taking total price increase to PKR20-25/bag. The major reasons for increasing cement prices is to pass on the recent increase in global coal prices (to US$133/ton, 13yr high) and transportation costs amid rising local petroleum prices.… Continue
FFBL posted unconsolidated NPAT of PKR2.61bn (EPS: PKR2.02) in 2QCY21 – massive improvement vs. a net loss of PKR1.16bn in 2QCY20 (LPS: PKR0.90). On a consolidated basis as well, FFBL posted net profits of PKR1.12bn (EPS: PKR0.87) in 1QCY21 as compared with losses of PKR2.62bn (LPS: PKR2.03) in 1QCY20.… Continue
S M Muneer Patron in-Chief, Iftikhar Ali Malik Chairman , ZubairTufail President, Zafar Bakhtawari Secretary General , Mr Khalid Tawab Chairman Sindh UBG, other leaders and members of UBG on Executive Committee of FPCCI 2021 have highly appreciated the joint efforts of Ministry of Commerce and Embassy of Pakistan in Italy resulting in a quantum record increase of Pakistan’s exports to Italy $ 786 million in 2020-2021 which is 49 percent higher than the previous year, revealed in report of Pakistan’s embassy.… Continue
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 Wednesday said there should be no secrecy in the purchase of LNG as everything should be transparent.… Continue
The Consul General of the Republic of Turkey Tolga Ucak met with Dawlance CEO Umar Ahsan Khan today. The two discussed matters of mutual interest including new investments being made by Dawlance, the effective COVID-19 response by the company and sustainable initiatives under ‘Dawlance for Humanity’.… Continue
While taking photos or videos on our phones has become such a big part of our lives, not everything we share needs to become a permanent digital record. On many phones, simply taking a photo means it will take up space in your camera roll forever.… Continue
· Market traded range bound today, oscillating between -49pts and +222pts, ending the session +32pts (unadjusted). Profit booking brought the index down from session’s high, which seems plausible after an ascent of ~600pts in the past couple of sessions. Technology, Fertilizer, Cement and Steel sectors saw profit booking, whereas Banks and O&GMCs moved up.… Continue
ICI Pakistan Limited (ICI) is scheduled to announce its 4QFY21 financial result on Aug 5th, 2021. We expect the company to post a profit after tax (PAT) of PKR 1,536mn (EPS: PKR 16.64) compared with profit after tax of PKR 144mn (EPS: PKR 1.56) during same period last year.… Continue
Emirates Skywards, the award-winning loyalty programme of Emirates and flydubai, has announced a special “Mile-A-Minute” offer in which members can register to earn up to 5,000 Miles during a stopover or holiday stay in Dubai. The offer comes as Emirates’ home and hub, Dubai, gears up to host Expo 2020 and as the UAE celebrates its Golden Jubilee.… Continue
Huawei’s latest fitness band, HUAWEI Band 6 goes on Sale today for PKR 9,999/- only. Huawei’s first ever smart sports band the HUAWEI Band 6 encourages users to get into new forms of exercise through a variety of animated fitness courses, workout modes and scientific health tracking features.… Continue
With a vision to combine its industry leadership with sustainable practices, National Foods Limited (NFL) has collaborated with World Wildlife Fund (WWF) in Pakistan to protect the environment by reducing its carbon footprint, encouraging tree plantation and reforestation.
Through this resourceful collaboration for NFL’s #Lets Plant Our Future campaign, thousands of mangrove saplings are being planted which are critical to the conversation of marine life and those dependent on it along Pakistan’s coastal areas, along with other public-awareness drives under the company’s Eco-Friendly Initiative.… Continue
Engro Polymer Chemicals Ltd (EPCL) is scheduled to announce its 2QCY21 result on August 10, 2021. The company is expected to post PAT of PKR4,602mn (EPS PKR5.06) relative to PKR4,143mn (EPS PKR4.56) in 1QCY21, implying an increase of 11%QoQ.
Revenue is expected to up by 4%QoQ to PKR16,341mn during 2QCY21 due to an increase in international PVC prices to USD ~1,494/MT by 13%QoQ.… Continue
More great videos are uploaded to YouTube today than ever before. New formats are being created and new stars and artists are being born every moment. With more than 1,000 creators crossing the 1,000 subscriber threshold every single day worldwide, new talent is constantly emerging.… Continue
At the 5th Stakeholders meeting on Digital Financial Services held on Monday, 2nd August 2021, Governor State Bank of Pakistan, Dr. Reza Baqir, announced two new initiatives to facilitate the introduction of digital financial products and services by financial institutions to benefit all segments of society.… Continue
Samba Bank Pakistan, a fully owned subsidiary of the largest bank in the Middle East (Saudi National Bank) has signed an agreement with NdcTechto modernize to the latest Temenos Core Banking Platform. This will allow the Bank to rapidly launch new innovative products, streamline its banking operations, drive homeownership through growth in Naya Pakistan, foster SME development and lending, and seek to be the foremost trusted partner for top-tier corporates and institutions.… Continue
According to the research report, Oil marketing Companies (OMC) sales jacked up 4%MoM amid record car sales and rising tourism in Jul-21. Pakistan State Oil (PSO) was the biggest beneficiary during this month.
The total sales volume of OMCs advanced by 4%MoM while it rallied by 15%YoY.… Continue
Pakistan cement sector posted negative growth of 19.41 percent in July 2021. The total cement dispatches in July 2021 were 3.899 million tons against 4.838 million tons during July 2020. Monsoon rains during the month and stoppage of construction activities due to Eid-ul-Azha has seriously affected cement demand.… Continue
PUBG MOBILE and Gamers without Borders have announced that Valdus Esports and Alpha 7 Esports have been crowned PUBG MOBILE World Invitational 2021 (PMWI). After four days of exciting matches, which saw the best teams from across the globe go head-to-head for a USD 3M charity pool, Alpha 7 Esports and Valdus Esports were crowned PMWI West and PMWI East champions, respectively.… Continue
MCB Bank Limited, one of Pakistan’s leading Banks, has entered into an alliance with Alchemative, an innovative and customer-centric technology company, for providing progressive financial and digital services to ecommerce companies. This strategic partnership is aimed at providing a one stop solution to eCommerce businesses for all of their online retail business needs.… Continue
· Market continued moving up today albeit with an improvement in traded volumes. The benchmark index added a total of 355pts during the session and closed +339pts (unadjusted). O&GMCs, Banks, Refinery, Technology and Textile sectors contributed positively to the index whereas E&P and Steel sector stocks remained under pressure.… Continue
Engro Fertilizers Limited, Pakistan’s premier seed-to-harvest solutions provider, has been recognized as the “Most Innovative Fintech Solution Provider”, “Best Payment Technology” and “Best Banking Tech of the Year” at the prestigious Pakistan Digital Awards 2021.
Faced with the challenges of COVID-19 pandemic, Engro Fertilizers was quick to adapt to the new normal and led the industry towards digitization in all respects, from customer and vendor support to digital payment solutions and virtual operations.… Continue
Huawei Pakistan organized the Pakistan Power ICT Summit with the aim to digitalize the power sector in Pakistan with modern practices and solutions that are used globally. The event was attended by Tariq Mahmood, CIO NTDC, Aamer Rashid, Additional DG, Muhammad Farooq Shaukat DG NTDC, Imtiaz Ahmed PITC CEO and Adnan Khadam PITC Company Secretary.… Continue
Pakistani nationals intending to travel to Turkey are advised that the quarantine rules pertaining to passengers arriving in Turkey from Pakistan, announced by the Turkish Government on 28 June 2021 that came into effect on 1 July 2021 are still applicable.… Continue
Federal Minister for Communications and Postal Services Mr. Murad Saeed has said that National Highway Authority has completed 1654 km roads portions during the last three years. Further, work on 6117 km long road sections is in progress or in the procurement stage.… Continue