Microsoft has announced that it has added several new features to its ‘Teams’ designed to support educators and students in creating a holistic learning environment for the next chapter of education. Among others, the new features will provide for personalized learning for each and every student, organize the online classroom experience and make assignments more engaging, organized and fun.… Continue
Pakistani telecom operator Ufone, has introduced a new member of the Super Card family, Super Card Max that will cater to growing need of calls, data & connectivity of millions of Pakistanis.
Promising absolute ‘befikri’ using the Super Card Max, Ufone offers all its subscribers hassle-free connectivity through this offer.… Continue
President Karachi Chamber of Commerce & Industry (KCCI) Shariq Vohra, while referring to FBR’s Letter dated May 6, 2021, stated that the extension in dates of payment and submission of Sales Tax and Federal Excise Return for the Tax Period of April 2021 up to May 18, 2021 and May 21, 2021 respectively were not enough which have to extended to May 30, 2021 to facilitate taxpayers.… Continue
Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has registered an extraordinary feat of being the only bank in Pakistan – microfinance or commercial – to secure a ‘Positive Outlook’ credit rating from Pakistan Credit Rating Agency (PACRA) in its latest Credit Rating Assessments for the Banking sector recently.… Continue
· Market opened on a positive note and after sustaining a short dip of 54pts below LDCP, bounced back, closing the session on a strong note at +300pts (unadjusted). Cement, Fertilizer, Refinery and Technology stocks kept the interest alive and despite a long vacation investors took a long bet.… Continue
Telecard Limited (TELE) conducted its corporate briefing session today to discuss latest financial result and business outlook. To recall, the company posted consolidated earnings of PKR 141Mn (EPS: PKR 0.47) in 3QFY21 as opposed to a loss of PKR 29Mn (LPS: PKR 0.10) in SPLY.… Continue
Al-Ghazi Tractors (AGTL) reported 4QCY20 NPAT PKR461mn (EPS: PKR7.95), compared with a net loss of PKR311mn (LPS: PKR5.37) SPLY, while up 2% qoq. This took CY20 NPAT to PKR1.4bn, up a sharp 41% yoy. The result is better than our expected 4Q EPS of PKR6.10, where the deviation largely stemmed from higher-than-expected gross margins.… Continue
Pak Suzuki Motor Company Limited (PSMC) held its analyst briefing session to discuss the key outcomes of 1QCY21 and CY20 results. To recall, the company posted a PAT of PKR 778Mn (EPS: PKR 9.45), compared to PAT of PKR 1,007Mn (EPS: PKR 12.23) and LAT of PKR 941Mn (LPS: PKR 11.44) in 4QCY20/1QCY20, respectively.… Continue
After much delay, the ECC had approved the disbursement of PKR90bn as the first installment from outstanding payments (c. PKR450bn) to 35 IPPs (under Power Policy 1994 and pre-1994 PP) and withheld disbursal for 12 IPPs (under PP 2002) presently undergoing NAB investigation.… Continue
ILMA pushed the limits of human potential with its Free webinar on Leadership Development by Lifeskills Coach AP Dr Ahmed Razman, Associate Professor & Manager Business Development, Putra Business School, Universiti Putra Malaysia. The University provided this amazing opportunity to learn from an international expert in matters of testing one’s limits as far as leadership skills are concerned.… Continue
AAA Associates, Pakistan Leading group of Companies, has been arranging Iftari from 1st of Ramazan till 30th Ramazan at Rawalpindi Chamber of Commerce and Industry Rawalpindi. The Iftari arrangement is meant to serve that section of society which has been deprived of food in this holy month of Ramazan.… Continue
During the month of Apr’21, data for provisional fertilizer offtake depicts that urea sales underwent a jump of 29% YoY to 312k tons compared to 242k tons in SPLY given lockdown imposed last year to counter COVID-19, which restricted movement across the country.… Continue
InfraZamin Pakistan Limited (InfraZamin) has been assigned the highest credit ratings possible by the Pakistan Credit Rating Agency (PACRA), with a long-term rating of AAA (Triple A) and short-term rating of A1+ (A One Plus). The strong positive rating by PACRA comes as InfraZamin is gearing up to launch business operations and lends further support for InfraZamin’s plans to develop the infrastructure financing market in Pakistan by offering credit enhancement solutions.… Continue
Strengthening its position as a key communications solutions provider for corporate and government organizations, Zong 4G has now joined hands with Gul Ahmed Textile Mills Pvt. Ltd., one of Pakistan’s largest textile mills, to become its connectivity partner.
The partnership between the companies was formalized, after the signing of contract between the senior management of Zong 4G and Zain Bashir, Vice Chairman of Gul Ahmed Textiles Mills in the presence of other senior representatives.… Continue
The Karachi Port Trust handled 99,979 tons of cargo comprising 51,329 Tones of import cargo and 48,650 Tons of export cargo during last 24 Hrs ending at 0700 Hours.
TOTAL IMPORT CARGO:
The total import cargo of 51,329 comprised of 29,345 Tons of Containerized Cargo, 2,207 Tons of Bulk Cargo, 3,900 Tons of Rock Phosphate, 3,860 Tons of Soya Beans Seeds and 12,017 Tons of Oil/Liquid Cargo
TOTAL EXPORT CARGO:
The total export cargo of 48,650 tons comprised of 47,850 tons of containerized cargo and 800 Tons of Oil and Liquid Cargo.… Continue