KARACHI: The profits of Pakistan State Oil (PSO) registered the earnings growth of 4.6x to Rs20.3 billion, translating into the earnings per share of Rs43.27 during the second quarter of the fiscal year 2022 ended in December 2021. The company’s profits were recorded at Rs4.03 billion translating into the earnings per share (EPS) of Rs8.85 … Read more
Targeting 53,000 points by December 2022, Arsalan Soomro at KASB Securities project earnings growth of 12 per cent and a dividend yield of 6 per cent. Moreover, the index has the potential to re-rate once issues relating to the cash-starved energy chain are appeased. After considerable signs of economic overheating, the government and the central … Read more
KARACHI: The Special Technology Zone Authority (STZA) and Khadim Ali Shah Bukhari (KASB) Institute of Technology (KASBIT) have signed a memorandum of understanding (MoU) to develop a Special Technology Zone for the provision of a high-tech business environment to companies, including startups, SMEs and multinationals so that the innovation sector can be promoted in Pakistan, … Read more
KARACHI: Pakistan’s Oil Marketing Companies (OMC) off-take surged 26 per cent to 1.96 million tonnes during August 2021 because of higher high-speed diesel (HSD) and furnace oil (FO) off-take during the month, the official data revealed on Thursday. Motor spirit (MS) sales surged 9 per cent to 1.5 million tonnes during the two months of … Read more
KARACHI: The Indus Motor Company has declared a final cash dividend of Rs36.5/share for the year ended June 30, 2021, which is in addition to the interim dividend of Rs67/share already paid to the shareholders. Indus Motor posted a net profit of Rs12.82 billion, translating into the earnings per share (EPS) of Rs163.21 for FY21, … Read more
KARACHI: The state-owned Pakistan LNG Limited (PLL) has floated a tender, seeking delivery of eight cargoes of the liquefied natural gas (LNG) in September and October this year. The bids will be opened on July 5. According to the tender document, five cargoes up to 140,000 cubic meters in capacity each are spread over five … Read more
