KARACHI: The annual profit-before-tax of banks climbed 42 per cent on a year on year (YoY) basis in the calendar year, while the pre-tax-profit before provisioning went up 50 per cent YoY, according to analysts at Topline Securities. Pakistan’s listed banks profitability (PAT) increased 15 per cent YoY to Rs307 billion in 2022. Despite record … Read more
KARACHI: The headline or food inflation based on the Consumer Price Index (CPI) has increased to a 22-month high of 12.3 per cent in December 2021, according to the inflation numbers released by the Pakistan Bureau of Statistics (PBS) on Saturday. The CPI inflation rose 12.3 per cent on a year-on-year basis in December 2021, … Read more
KARACHI: The headline inflation for December 2021 is likely to rise up to 12.3 per cent, despite soft food prices, analysts said on Tuesday. The analysts at Insight Securities said that despite soft food prices, the inflation based on the Consumer Price Index (CPI) for December 2021 will arrive at 12.3 per cent on a … Read more
KARACHI: The fuel cost component of the power generation during November 2021 surged 85 per cent YoY to Rs6.32/kWh, mainly due to a rise in the furnace oil, coal and regasified liquefied natural gas (RLNG)-based cost of generation, official data suggests. “[The] RLNG-based cost of generation increased 166 per cent YoY to Rs17.29/kWh due to … Read more
KARACHI: Large-scale manufacturing industries (LSMI) in October, 2021 showed big industry output inched down 1.2 per cent year-on-year, Pakistan Bureau of Statistics (PBS) data showed. “On yearly basis in October 2021, the decline in production of non-metallic mineral products i.e., cement declined 13.2 per cent, pharmaceuticals i.e., tablets 23.1 per cent, capsules 44.4 per cent … Read more
KARACHI: Site Association of Industries (SAI) president Abdul Rasheed rejected the Sui Southern Gas Company’s (SSGC) imprudent decision to suspend gas supply to all non-export general industries and demanded the gas utility to carry out staggered gas holidays along with better load management, which would help the non-export general industries to continue to run according … Read more
KARACHI: The headline inflation based on the Consumer Price Index (CPI) may remain around 10 per cent Year-on-Year (YoY) in June 2021, analysts said on Tuesday. The analysts at Insight Research estimated the CPI for June 2021 to arrive at 10.2 per cent against 10.8 per cent reported in May 2021. Similarly, urban CPI is … Read more
