KARACHI: The Indus Motors Company Limited (INDU) registered a decline of 72 per cent in its profit-after-tax during the second quarter of the fiscal year 2022/23, a statement issued by the company said on Monday. The profit-after-tax of the company for the second quarter ended December 31, 2022 fell to Rs1.33 billion, compared with Rs4.75 … Read more
Clearing the rumours, TRG Pakistan (TRG) operations remain robust and will continue in the same manner. According to the company management, there will be no compromise on corporate governance. Regarding the liquid assets at TRGI, the management said that $34 million worth of shares (49 million shares) of TRG Pakistan have been purchased by the … Read more
KARACHI: The farmers are paying an extra price of around Rs600/bag of urea against the government fixed price of Rs1,800, a research report issued by the AKD Securities revealed. Currently, urea is being sold in the domestic market at an increased price of around Rs2,400/bag. The disparity in the domestic and international prices of Rs7,700/urea … Read more
KARACHI: The depreciating rupee, rising deficits and anticipation of sharp jump in interest rates dragged the Pakistan stocks down 2 per cent during the week ended December 3, 2021, dealers said. However, with the ease in the global commodities improving Pakistan’s macro-outlook, the International Monetary Fund (IMF)-related uncertainty largely behind and the MSCI-related rebalancing, the … Read more
