Supernet Limited ("Supernet") has been awarded three equipment supply projects consisting of equipment and services in the domains of satellite communications, telecommunications, and power with a combined equivalent value of…
A press release of IMF on November 21, 2021 confirmed that the IMF staff and Pakistani authorities have reached a staff-level agreement on the sixth of IMF Extended Fund Facility…
The continuation of the IMF program leads to implementing economic reforms and previous initiatives, particularly fiscal and institutional reforms that may be favourable to economic growth. The IMF's economic reforms…
Power generation went up by 10.3% YoY to 11,296 GWh (15,183 MW) during Oct'21, compared to 10,243 GWh (13,767 MW) during Oct'20. The rise in generation was owed to higher…
In some sections of the media, SBP's average inflation forecast of 7-9% in FY22 is being interpreted as the "inflation target" and being compared to the inflation targets of other…
The government should immediately act to bring down the medicine prices in the country to ensure their availability to underprivileged people who have been facing acute problems in getting access…
Established in 1860 originally to meet the demand for liquor in the British Military, Murree Brewery Company Limited (MUREB) has diversified into other categories including juices and water (under Tops…
Outlook and Recommendation Following clarity in the monetary policy post yesterday's meeting, experts believe the market will react accordingly next week. The recent bill to make SBP autonomous as well…
President of Korangi Association of Trade and Industry (KATI) Salman Aslam while reacting to SBP's interest rate hike from 1.5 percent to 8.75 percent said that rapid rise in monetary…
Governor State Bank of Pakistan, Dr. Reza Baqir, chaired a meeting today with Director General FIA Sanaullah Abbasi to strengthen and coordinate efforts of SBP, banks and Federal Investigation Agency…
Leading renewable energy company Beacon Energy (Pvt.) Ltd. is bringing its premium solar energy solutions to Pakistan's largest city. After conducting successful inaugurations in Lahore and Islamabad, Beacon Energy Limited…
In continuation of efforts to make the process of monetary policy formulation more predictable and transparent in line with international best practices, the State Bank of Pakistan (SBP) has decided…
In line with its global vision for a waste-free future, Nestlé Pakistan recently stepped-up efforts under the Clean Gilgit and Hunza Project by installing benches and waste bins made from…
The State Bank of Pakistan (SBP) in its latest Monetary Policy Statement (MPS) has increased the Policy Rate by 150bps from 7.25% to 8.75%, which is higher than market expectations.…
Samrah Enterprises, one of the leading distribution companies in Pakistan, is all set to present their highly acclaimed brand Fresh St at the second Pakistan-Africa Trade Development Conference and the…
Deemah Al Yahya, the Secretary General of Digital Cooperation Organization (DCO) visited Jazz Digital Head Quarters to discuss Pakistan's Digital Transformation Journey, mutual interest in digital inclusion, and Jazz endeavors…
· Market mostly stayed in the green zone today mainly led by the banking sector. In the first session, positive momentum was observed as investors became optimistic due to the…
At today's meeting, the Monetary Policy Committee (MPC) decided to raise the policy rate by 150 basis points to 8.75 percent. This reflected the MPC's view that since the last…
To recall, Fauji Fertilizer Company (FFC) announced its 3Q2021 unconsolidated earnings of Rs6,452mn (EPS of Rs5.07), up 39% YoY and 78% QoQ. Agri sector growth during FY21 remained at 2.8%…
Al-Ghazi Tractors (AGTL) has reported 3QCY21 NPAT of PKR835mn (EPS: PKR14.40), up a sharp c.20% qoq and c.85% yoy. This takes 9MCY21 EPS to PKR38.21, up c.2.5x yoy from PKR15.34.…
· The General Tyre and Rubber (GTYR) held its analyst briefing session today to discuss its 1QFY22 results. To recall, the company posted NPAT of PkR131mn (EPS: PkR1.07) as compared to…
· Market continued to remain under pressure ahead of preponed MPS announcement. With further weakening of Pak rupee against dollar and mounting inflationary expectations, investors mostly stayed in the bearish territory.…
Jaffer Business Systems, one of the topmost Information technology Companies in Pakistan honored with the prestigious award for its unparalleled contribution to Huawei Ecosystem for the year 2020-21. The enthralling…
· Merit Packaging Limited (MERIT) held its analyst briefing session today to discuss its 1QFY22 result. To recall, the company posted a loss of PkR57mn (LPS: PkR0.65) in contrast to…
In order to create a favourable business environment, Punjab Revenue Authority decided to provide reduction in sales tax being charged on commissions for home based chefs. The rebate reduced sales…
