Karachi, March01, 2021: Agha Steel Industries has announced its financial results for the half year ended on 31st December 2020. Company has announced a total profit after tax of 1057 million for half year while its October to December’s Quarter after tax profit remained Rs. 548 million. The earning per share for the half year remained…
Karachi, March 1, 2021: The bank is following a flow deposit strategy, where the prime focus will be on acquiring Current Accounts and Savings Accounts, in order to improve overall deposit mix. In 2020, the bank was able to post 21 percent YoY increase in total deposits. The bank is planning aggressive branch expansion over…
Karachi, March 1, 2021: Pakistani Equities started the week on a bearish note with the KSE 100 Index settling at 45,593 (down 0.59 percent). Major negative contribution came in from the commercial banks sector under which UBL, HBL, BAHL, MCB, & NBP cumulatively dragged the index lower by ~107pts. On the results front, TRG posted…
Karachi, March 1, 2021: Falcon-i is Pakistan’s leading fleet management company, offering IoT (Internet of Things) based solutions that enables clients to monitor the movement and safety of their automobiles with more control and connectivity. With this progressive vision, it has recently added several industry-leading enterprises to its portfolio of over 200 corporate clients. Besides…
Karachi, March 1 , 2021: Pakistan cement sector posted profit of Rs11.3 billion during 2QFY21, up 114 percent QoQ due to increase in GP margins by 600bps QoQ, increase in sales by 18 percent QoQ, and decline in finance cost by 12 percent QoQ. Total profit during 1HFY21 clocked in at Rs17 billion compared to…