KARACHI: The Union of Small and Medium Enterprises (Unisame) expressed disappointment over the economic advisory committee not having a single representative of the Small and Medium Enterprises (SME) sector, a statement said on Friday. Unisame President Zulfikar Thaver while felicitating Prime Minister Shebaz Sharif on constituting the 22 member economic advisory committee, lamented that the … Read more
KARACHI: Jazz has invested Rs14.9 billion under its ‘4G for all’ ambition during the first quarter of 2022, taking its overall investment in Pakistan to $10.2 billion, a statement said on Thursday. A majority of its capital expenditure during this quarter was on the addition of approximately 500 new 4G sites, reaching a population coverage … Read more
KARACHI: The Lucky Cement Limited reported consolidated profits of Rs26.53 billion of which Rs5.81 billion is attributable to non-controlling interests for the nine months ended March 31, 2022. This translates into the earnings per share (EPS) of Rs64.07, compared with Rs56.36 share reported during the same period of last year. On a consolidated basis, the … Read more
KARACHI: The Pakistan equity market closed lower on Thursday, as the T-bill yields recorded a 24-year high and fiscal deficit surging to 4 per cent of GDP during the first nine months of the fiscal year 2022. An analyst at Pearl Securities said that the local bourse witnessed mix sessions throughout the week due to … Read more
KARACHI: The Pakistani rupee’s three day winning streak ended on Thursday as it declined 42 paisas against the dollar amid gloomy economic situation in the country, dealers said. The local currency shed 42 paisas to close at Rs185.87 to the dollar from the previous day’s closing of Rs185.45 in the interbank foreign exchange market. Although … Read more
KARACHI: The unconsolidated profit of Nishat Mills Limited (NML) recorded a growth of 84 per cent to reach Rs3.45 billion translating into the earnings per share (EPS) of Rs9.8 during the third quarter of fiscal year 2022. The company recorded a profit of Rs1.87 billion (EPS: Rs5.3) during the same period of last year. This … Read more
KARACHI: The Pakistan Stocks observed a range bound secession on Wednesday, where the KSE-100 Index remained volatile throughout the day due to expectation of a rate hike in the upcoming policy as Kibor reached a 13-years high. An analyst at Arif Habib Limited said that a rally in the refinery sector was witnessed due to … Read more
KARACHI: The Pakistani rupee continued making gains for the third straight day showing a growth of 17 paisas on Wednesday as the investors welcomed the development in Pakistan’s talks with the International Monetary Fund (IMF), dealers said. The local unit gained 17 paisas to close at Rs185.45 to the dollar from the previous day’s closing … Read more
KARACHI: The Pak Suzuki Motor Company Limited (PSMC) recorded a loss of Rs460 million translating into the loss per share (LPS) of Rs5.59 during the first quarter of 2022. The company recorded a profit of Rs778 million translating into the earnings per share (EPS) of Rs9.45 during the first quarter of 2021 and profit of … Read more
KARACHI: The Karachi Tax Bar Association (KTBA) on Wednesday demanded the tax authorities to extend the date to file sales tax returns for March 2022, as the taxpayers are unable to file the returns due to the online system denying taxpayers without payment of POS service fee, a statement said. In a letter sent to … Read more
KARACHI: Bank Alfalah Limited (BAFL) declared record profit-after-tax of Rs5.019 billion, showing a double-digit growth of 45 per cent YoY that translated into an EPS of Rs2.82, compared with Rs1.95 during the same period of the last year, a statement said on Tuesday. The board of directors of the bank revealed BAFL’s financial results for … Read more
KARACHI: The profit of Kohat Cement Company Limited (KOHC) sharply increased 55 per cent to reach Rs1.64 billion translating into the earnings per share (EPS) of Rs8.19 during the third quarter of fiscal year 2022. This took the earnings to Rs4.63 billion (EPS: Rs23.05) during the first nine months of fiscal year 2022 compared with … Read more
KARACHI: The Pakistan bourse witnessed a profit-taking session on Tuesday as the blurry picture regarding the inflow from the International Monetary Fund (IMF) restricted the participants’ interest during the day. “On the political front, Imran Khan has said that his party would hold a sit-in at Islamabad until the announcement of the general election. As … Read more
KARACHI: The appreciation of the Pakistani rupee continued for the second straight day as it gained 43 paisas on Tuesday after Pakistan’s talks with the International Monetary Fund (IMF) progressed, dealers said. The local currency gained 43 paisas to close at Rs185.62 to the dollar from the previous day’s closing of Rs186.05 in the interbank … Read more
KARACHI: The profit of Indus Motors Company Limited (INDU) recorded an increase of 42 per cent to Rs5.11 billion translating into the earnings per share (EPS) of Rs65.11 during the third quarter of fiscal year 2022. The upsurge in the profit is primarily driven by higher other income, up 122 per cent on a year-on-year … Read more
KARACHI: The profit of Mari Petroleum Company Limited (Mari) showed a growth of 56.7 per cent to Rs10.9 billion translating into the earnings per share (EPS) of Rs81.6 during the third quarter of fiscal year 2022. The company posted a profit of Rs6.9 billion (EPS: Rs52.1) during the same period of last year. “During the … Read more
KARACHI: The unconsolidated earnings of D G Khan Cement Company Ltd (DGKC) recorded a decline of 30 per cent to Rs1.4 billion translating into the earnings per share (EPS) of Rs3.3 during the third quarter of fiscal year 2022. The company recorded a profit of Rs2 billion (EPS: Rs4.7) during the third quarter of the … Read more
KARACHI: The tax practitioners have criticised the issuance of illegal notices by the office of Inland Revenue to deny adjustment of tax refunds. The Karachi Tax Bar Association (KTBA) in a letter to the Federal Board of Revenue (FBR) chairman on Monday sought urgent intervention for prompt resolution and for the sake of avoidance of … Read more
KARACHI: The Pakistan equity market showed positive momentum on Monday as the government succeeded in the resumption of the International Monetary Fund (IMF) programme. “The government was successful in increasing the loan amount by $2 billion, which increased investor confidence. Likewise, the rupee also gained stability as it clocked-in at Rs186.05 to dollar,” an analyst … Read more
KARACHI: The rupee gained 70 paisas against the dollar on Monday after Pakistan’s talks with the International Monetary Fund (IMF) for the revival of the Extended Fund Facility (EFF) showed progress, dealers said. The local unit closed at Rs186.05 against the greenback from Saturday’s closing of Rs186.75 in the interbank foreign exchange market. The IMF … Read more
KARACHI: Pakistan’s current account balance crossed $13 billion during the first nine months (July-March) 2021/22, owing to a huge outflow of dollars in the shape of import payments and external debt repayments. According to the balance of payments data released by the State Bank of Pakistan (SBP) on Saturday, the current account deficit for July-March … Read more
KARACHI: The Pakistani rupee on Saturday recorded a slight decline amid shrinking forex reserves, widening current account deficit and delay in the loan disbursement from the International Monetary Fund (IMF), dealers said. The local unit shed 5 paisas to close at Rs186.75 to the dollar from the previous day’s closing of Rs186.70 in the interbank … Read more
KARACHI: The unconsolidated profit of Fauji Fertilizer Bin Qasim Limited (FFBL) witnessed a growth of 28 per cent to Rs1.62 billion translating into the earnings per share (EPS) of Rs1.26 during the first quarter of 2022. The company recorded a profit after tax of Rs1.26 billion (EPS: Rs0.98) during the same period of last year. … Read more
KARACHI: The farmers’ unions urged the Commerce Ministry (Mincom) and the Ministry of Planning and Special Initiatives (MoP&SI) to allow the exports of khashkhash (white food grade), jaggery (gurr) and medicinal and industrial hemp (bhang), a statement said. The Union of Small and Medium Enterprises (Unisame) and the Small and Medium Enterprises Farmers Association (Smefa) … Read more
KARACHI: The Pakistan bourse witnessed a range bound secession on Friday as T-bill cut off yields were recorded on the higher side indicating another hike in the policy rate. An analyst at Arif Habib Limited said that the market opened in the green zone but failed to sustain the positive trend as profit selling was … Read more
KARACHI: The profit of Pakistan Oilfields Limited (POL) recorded a massive increase of 125 per cent to Rs6.57 billion translating into the earnings per share (EPS) of Rs23.16 during the third quarter of fiscal year 2022, a bourse filing showed. The company recorded a profit of Rs2.92 billion (EPS: Rs10.31) during the third quarter of … Read more
KARACHI: The Pakistani rupee on Fridayappreciated against the dollar after declining for four straightsessions amid inflows of workers’ remittances, dealers said. The local unit gained 27 paisas to close atRs186.70 to the dollar from the previous day’s closing of Rs186.97 in theinterbank foreign exchange market. The rupee recorded decline for the previousfour straight sessions during the outgoing … Read more
Disease is a condition of the living (animal or plant) body or of 1 of its parts that impairs normal functioning and is often manifested by distinguishing signs and symptoms. Polycythemia Vera is stimulating and rare blood issue during which there’s a rise within the amount of blood cells, especially the red blood corpuscles. This … Read more
