Karachi, 22 March 2021: HBL became the first Pakistani bank to open a branch and serve clients inBeijing, China’s capital city. The inauguration ceremony for HBL Beijing was attended by clients, regulators, and senior executives ofthe Bank from across HBL’s international network. From Pakistan, Jameel Ahmad, Deputy GovernorState Bank of Pakistan Sultan Ali Allana, Chairman…
Islamabad, March 22, 2021: The external account posted a recovery in February 2021, as a Current Account Deficit (CAD) of merely US$50 million (-0.2 percent of GDP) was seen, compared to US$210 million (-0.9 percent of GDP) in January. Cumulatively, for 8MFY21, there is still a net surplus in the current account of US$881 million…
Karachi, March 22, 2021: Pak Suzuki Motor Company (PSMC) declared a net loss of Rs1.6 billion (LPS: Rs19.31), compared to a net loss of Rs2.9 billion (LPS: Rs35.49) in CY19. However, during 4QCY20, the company returned back to profitability with a PAT of Rs1.0 billion (EPS: Rs12.26), which was well above market expectations Read More: Nestlé Pakistan LUMS…
Karachi, March 20, 2021: Nestlé Pakistan and LUMS pledged to continue playing their role as water stewards in a session for World Water Day, under this year’s theme ‘Valuing Water’. The webinar featured speakers from WWF, Hisar Foundation, and Pakistan Agricultural Research Council, and focused on valuing water in agrarian economies like Pakistan by encouraging…
Karachi, March 19, 2021: Federal B Area Association of Trade and Industry has appreciated the expertise and efforts of Pakistan Atomic Energy Commission experts and hoped that connectivity of Karachi Nuclear Power Plant Two to the national grid will help to overcome the energy crisis and improve the power supply. President FBATI Muhammad Ali has congratulated Pakistan…