Imported fuel, transmission issues increasing power tariff: Mian Zahid Hussain

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 Monday said cheap electricity is essential to improve the standard of living of masses.

Affordable electricity boosts industrial and agricultural production and makes services cheap, which helps the masses improve their lives.… Continue

The KSE100 index performed well today

· Disregarding the stringent COVID lockdown conditions, the KSE100 index performed well today, adding a total of 453pts during the session and closed the session on that note (unadjusted). Traded volumes remained thin in comparison with daily traded volumes. Activity was tilted towards Technology and Textile sectors, which was mainly due to the ascend in PKR parity against USD, climbing 163 in the kerb market.… Continue

PPL seeks new CEO

 

 

Pakistan Petroleum Limited (PPL) has issued a recruitment advertisement to seek applications for appointment of Chief Executive Officer. PPL is one of Pakistan’s largest publicly traded oil and gas producers. The Company’s Board is seeking a Chief Executive Officer to lead the organization.… Continue

Arshad Jamal becomes VP of United Business Group in Pakistan

The All Pakistan Customs Agents Association North Zone organized a function in Lahore to honour the country’s leading business personalities and central leaders of the United Business Group to discuss the country’s conditions and business difficulties. At the reception, Senior Vice Chairman APCAA, Arshad Jamal thanked all the distinguished guests and said that at present, the country has gone through a very difficult period and especially the business situation is extremely difficult.… Continue

NHA launches afforestation campaign

As per the vision of the Prime Minister of the Islamic Republic of Pakistan, Mr Imran Khan, and on the Federal Minister for Communications and Postal Services Mr Murad Saeed, the National Highway Authority (NHA) has launched an Afforestation campaign under Clean and Green Pakistan program.… Continue

Zong brings fantastic WhatsApp offer for My Zong App users

Offering customers exciting discounts, Pakistan’s cellular and digital services leader, Zong, has introduced an unbeatable WhatsApp offer for MZA users as part of its newly launched flash sale on My Zong App.

Under the promotion, Zong subscribers can now get a massive 35% off on the popular WhatsApp offer if they subscribed via My Zong App.… Continue

Industrial production has to be continued with SOPs, KATI

Korangi Association of Trade and Industry (KATI) President Saleem-uz-Zaman said that maintaining business and industrial process during the current Corona virus epidemic is a major challenge and wise steps have been taken at federal and provincial levels to address it. The government and the industrialists can come up with a joint strategy to ensure uninterrupted production in the industries.… Continue

SAPM visits Dredger Minhal

Special Assistant to Prime Minister Mahmood Moulvi visited Dredger Minhal at Chinna Creek. Chairman KPT was also present.SAPM was informed that dredging of around 50,000 cm has been done since February this year.… Continue

Pakistan stocks market outlook for next week

Karachi is set to observe a more stringent lockdown in place next week to contain the highly contagious delta variant of the novel coronavirus, and it appears the market may remain upwards sticky in the short term. Albeit, with the result season commencing, and cyclicals expected to post a robust jump in earnings on a YoY basis (given a nation-wise lockdown was enforced in 2Q last year), certain select stocks may come under limelight.… Continue

An outlook of the bank Habib Bank Ltd

HBL held their Analyst Briefing call today to discuss the financial performance and outlook of the bank. To recall HBL reported 2QCY21 NPAT of PKR9.3bn (EPS: PKR6.35), up 12%qoq but lower by 16%yoy. This took 1HCY21 NPAT to PKR17.6bn (EPS: PKR12.04) up 17%yoy.… Continue

An outlook of the bank Habib Bank Ltd

HBL held their Analyst Briefing call today to discuss the financial performance and outlook of the bank. To recall HBL reported 2QCY21 NPAT of PKR9.3bn (EPS: PKR6.35), up 12%qoq but lower by 16%yoy. This took 1HCY21 NPAT to PKR17.6bn (EPS: PKR12.04) up 17%yoy.… Continue

2QCY21 Review of Fauji Fertilizer

Fauji Fertilizer Company Ltd (FFC) has posted unconsolidated 2QCY21 NPAT of PKR3.62bn (EPS: PKR2.85), down 26% yoy. The result is below our expected EPS of PKR3.61, where the only deviation came from the unwinding of GIDC liability. The result is accompanied by an interim cash dividend of PKR2.60/sh (we expected PKR2.75/sh).… Continue

KCCI opposes lockdown, suggests forceful vaccination, strict implementation of SOPs

Chairman Businessmen Group (BMG) and Former President Karachi Chamber of Commerce & Industry (KCCI) Zubair Motiwala, who attended the provincial coronavirus taskforce meeting at CM House on Friday, said, “We strongly opposed the lockdown strategy to deal with the pandemic as we believe that the only workable solution for minimizing the number of covid cases is to forcefully get the people vaccinated and ensure strict implementation of SOPs instead of imposing lockdown.”… Continue

Systems Limited is honored by Microsoft for outstanding sales achievement and innovation.

Systems Limited, Pakistan’s leading information technology consulting and services company, has achieved the prestigious Microsoft Business Applications 2021/2022 Inner Circle award. Membership in this elite group is based on sales achievements that rank Systems Limited in the top echelon of Microsoft’s Business Applications global network of partners.… Continue

realme to launch Android’s first magnetic wireless charging MagDart

realme, the world’s fastest-growing smartphone brand, will introduce Android’s first magnetic wireless charging MagDart ​​on realme Magnetic Innovation Event on Tuesday, August 03 at 12:00 PM UTC (05:00 PM Pakistan Standard Time). 

MagDart will be the world’s fastest magnetic wireless charging, bringing magnet wireless charging to a fast charging era.… Continue

A review of Honda Atlas Cars earning for 1QFY22

HCAR reported a NPAT of PKR928mn (EPS: PKR6.50) for 1QMY22, vs. a net loss of PKR511mn (LPS: PKR3.58) SPLY but up 4% qoq, where the yoy comparison is distorted by complete lockdown in 1QMY21. This is an impressive result from HCAR, despite lower volumes (down 5% qoq), and has clocked in higher than our expected EPS of PKR5.88, mainly due to much higher-than-expected gross margins and lower Opex.… Continue