· Market saw aggressive selling today after spate of financial result announcements which had consistent earnings but declared lesser dividends than anticipated. Banking sector saw major attrition today, however, profit…
Meezan Bank Limited announced (MEBL) announced below expected earnings of PKR 2.9/sh (down 2.6/36.2% on YoY/QoQ), taking CY20 earnings to PKR 15.7/sh (up 45.5% YoY). Reason behind the decline in…
The Karachi Port Trust handled 119,804 tons of cargo comprising 86,051 Tones of import cargo and 33,753 Tons of export cargo during last 24 Hrs ending at 0700 Hours. TOTAL…
President of Korangi Association of Trade & Industry (KATI) Saleem-uz-Zaman has termed the increase in foreign remittance encouraging for the country and urged the government to take the initiative to…
Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Thursday welcomed unprecedented increase…
Pakistan Telecommunication Company Limited (PTCL) has established its official presence on WhatsApp to better connect with customers and provide them with a convenient and customer friendly communication platform. To start…
Greenstar Social Marketing (GSM) has signed a strategic collaboration with Muller & Phipps (M&P) Pakistan, one of the leading international distributing house, to continue to serve as the logistics partner.…
ILMA University moved ahead to strengthen the academic unity and community as it signed a strategic MoU with DHA Suffa University. This was a progressive stride in the expansion of…
Pakistan State Oil (PSO) has posted a NPAT of PKR4.4bn (EPS PKR9.32) for 2QFY21, down 15% qoq but up 51% yoy (greater inventory losses last year). The result is below…
The United States Government, through the U.S. Agency for International Development (USAID), in collaboration with the Government of Punjab, opened the 2021 Pakistan Water Conference today to highlight the challenges…
Engro Corporation Limited (ENGRO) posted consolidated earnings of PKR 6.8Bn (EPS:PKR 11.7) in 4QCY20, up 1.9x YoY today. This takes the aggregate profitability for CY20 to PKR 25.1Bn (EPS: PKR…
Allied Bank Ltd (ABL) has posted consolidated 4QCY20 NPAT of PKR5.7bn (EPS: PKR5.02), up a sharp 18%yoy and 38%qoq. This takes CY20 NPAT to PKR18.4bn (EPS: PKR16.05), up 27%yoy. The…
FFBL posted an NPAT of PKR2.2bn for CY20 (EPS: PKR1.70) – massive improvement vs NLAT of PKR5.9bn in CY19 (LPS: PKR4.59). On a consolidated basis, FFBL posted PKR6.45bn (EPS: PKR4.99)…
Pakistan Telecommunication Company Ltd held its corporate briefing session in which the management discussed the CY20 financial performance. Highlights · The consolidated profitability during CY20 witnessed a surge of 38%…
Total exports in January 2021 clocked in at US$2.1bn compared to US$2.4bn in December, down 9% mom while up 8% yoy. This took total exports in 7MFY21 to US$14.2bn (up…
The Karachi Port Trust handled 139,724 tons of cargo comprising 116,955 Tones of import cargo and 22,769 Tons of export cargo during last 24 Hrs ending at 0700 Hours. TOTAL…
Microsoft Pakistan and Higher education commission (HEC) has signed an Education Transformation agreement (ETA) at a virtual meeting held between Dr. Tariq Banuri, Chairman, HEC, Mark East, Vice President Education,…
· Market oscillated between +438pts and -141pts during the session that ended on a negative note -56pts (unadjusted). HBL's announcement of financial results became a major dampener for investors who…
Fatima Fertilizer Company Limited (FFL) has partnered with Multan Sultans for the sixth edition of Pakistan Super League (PSL). The Multan Sultans team boasts a stellar list of best available…
Emirates SkyCargo has signed an agreement with UNICEF to prioritise the transport of COVID-19 vaccines, essential medicines, medical devices and other critical supplies to help fight the COVID-19 pandemic. The…
Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) M. Zubair Motiwala, while expressing sheer dissatisfaction over the arrangements made to secure the National Stadium…
Based on feedback from the diaspora and recommendations from SBP, the Federal Government has introduced several amendments in the Income Tax Ordinance 2001 through Tax Laws (amendment) Ordinance 2021 to make the…
Chairman of Karachi Chamber's Ports, Shipping & Multi Modal Transport Sub-Committee Abdul Rehman Punjwani presiding over the first meeting of his Sub-Committee at Aiwan-e-Tijarat. In the Picture, President KCCI M.…
· Market added a total of 509pts during the session and ended at that note (unadjusted). Brisk buying was observed in Cement sector for the third day in a row…
Shell V-Power is the premium fuel offered by Shell Pakistan, it comes with technology that reduces engine dirt and friction. With over 100 years of experience in fuels research and…
