Karachi, July 23, 2019: As part of its Revival Plan PIA has established full fledge Maintenance facility Islamabad where the overhauling of its A320 aircraft will be carried out. In this regard, PIA Engineering for the first time successfully completed ‘Check A’ on one of its A320 aircraft after completion of 750 flying hours at…
Karachi, July 23, 2019: Pak Suzuki Motors is most likely to post loss in the second quarter of this calendar year (2QCY19). According to Spectrum Securities report, the board of directors of Pak Suzuki Motor Company Limited (PSMC) have scheduled to meet on July 24, 2019, regarding 2QCY19 results announcement. PSMC is estimated to post a…
Karachi, July 13, 2019: Honda Atlas Cars Limited (HCAR) posted 77 percent YoY decline in its 1QMY20 earnings where EPS clocked in at Rs1.69. Significant decline in earnings was mainly due to massive reduction in Revenue by 25 percent YoY. According to Topline, revenues were down as volumetric sales of the company witnessed decline of…
Karachi, July 23, 2019: Pakistan Stock Exchange (PSX) on Tuesday opened on a positive note with +17 points but faced selling pressure that took the index down by 129 points. Prime Minister’s ongoing visit to was well received by the media and political analysts, but failed to garner the support as anticipated by stock traders. By…
Islamabad, July 23, 2019: The government has recently announced to reduce truckload by 50 percent without realizing the devastating impact it will have on more than 45 local industries. Let’s start with the transport industry. Currently, Pakistan has approximately 330,000 Trucks on the road (310,000 trucks and 20,000 oil tankers). And after this axle limitation, Pakistan…