Islamabad, February 01, 2024 : Pakistan Stock Exchange performance from January 2024, KSE-100 down by 0.8% MoM. Foreign selling clocked in at USD 37mn: The market remained range-bound, with the index hovering around 62k level in Jan’24. The month commenced on a positive note with “January effect” kicking-in, which is primarily owed to the approval…
Karachi, February 01, 2024 : Fly Jinnah, Pakistan’s low-cost carrier, announces the commencement of its international operations with the launch of its inaugural flight connecting Pakistan’s capital city Islamabad with the city of Sharjah in the United Arab Emirates starting from February 17th, 2024.This step marks a significant milestone in the carrier’s growth journey after…
Karachi, February 01, 2024 : Mr. Atif Ikram Sheikh, President FPCCI, has represented Pakistan’s private sector in Makkah Halal Forum 2024; and, has apprised that the global Halal foods market size has reached a whopping $2.5 trillion. It doesn’t stop there as it will continue to grow at 13.5 percent per year for the next…
Islamabad, January 31, 2024 : The interim government has implemented a significant increase in petrol prices by Rs13.55 per liter and high-speed diesel (HSD) by Rs2.15 per liter. As per a notification from the finance ministry, the price of petrol has surged by Rs 13.55 per liter, and High-Speed Diesel has seen an increase of…
Pakistan, January 31, 2024: Bank AL Habib (BAHL) announced its 4Q2023 result today, where the bank recorded consolidated earnings of Rs6.3bn (EPS of Rs5.7), up 3.8x YoY while down 44% QoQ. This takes full year 2023 earnings to Rs35.9bn (EPS of Rs32.3) up 115%. 4Q2023 result came lower than industry expectations primarily due to higher…