Karachi, August 29, 2019: In a much awaited development, the Govt. has issued ordinance of Gas Infrastructure Development Cess (GIDC), wherein the Govt. has waived 50 percent of outstanding amount for fertilizer sector, captive power plants, KESC/GENCOs, and IPPs sector. History of GIDC can be traced back to 2011 when the Govt. imposed additional Cess…
Karachi, August 29, 2019: Pakistan Fertilizer Sector posted cumulative growth of 48 percent YoY in their earnings during 2Q2019 due to increase in gross profit margin by 2 percent YoY, lower selling & distribution cost by 13 percent YoY, and increase in other operating income by 31 percent YoY. Topline in a report revealed that urea…
Karachi, August 29, 2019: The Management, Teachers & Board of Trustees of Habib Public School are saddened and grieved by the tragic drowning accident that occurred on August 27, 2019, in which we lost our dearest and most precious student, Usman Ahmed Durrani. He was a bright and diligent student who had been with us…
Karachi, August 29, 2019: Pakistan Stock Exchange (PSX) witnessed negative sentiments on Thursday and index lost 479 points. According to Arif Habib Research quite an eventful day it was, from divestment of GOP’s stakes in OGDC and PPL to resolution of GIDC issue for Fertilizer Sector and HASCOL’s result announcement. Re-iteration of GOP’s intent to…
Karachi, August 29, 2019: The Managing Committee at PSX Stockbrokers Association (PSA) on behalf of its members and TREC Holders / Stock Brokers of Pakistan Stock Exchange (PSX) felicitates Prof. Khalid Mirza, for being reinstated as Chairman – Securities and Exchange Commission of Pakistan – Policy Board. He is fully aware of the issues contributing…