Business
Pak Suzuki likely post over Rs2 billion loss
Karachi, March 19, 2021: JS Global expecting that Pak Suzuki Motor Company’s (PSMC) to announce a Loss after Taxation of Rs2.1 billion (LPS: Rs25.36) for the year CY20, compared to a net loss of Rs2.9 billion (LPS: Rs35.49) in CY19. Pak Suzuki Motor Company’s (PSMC) board meeting to announce CY20 results is scheduled for Monday,…
Pakistan local cement sales are expected to increase by 36-42 pc
Karachi, March 18, 2021: Pakistan local cement sales in Mar-2021 are expected to increase by 36-42 Percent YoY, taking 9MFY21 local sales growth to 16-20 Percent YoY. This is in line with our expectations, as we had also mentioned in our last month’s report that local cement sales are likely to grow by 40 Percent…
Cotton yarn exports increased 36 pc
Karachi, March 17, 2021: Despite the shortage of cotton, cotton yarn, and gas in our country, Cotton yarn exports increased by 35.86 percent in quantity terms during February 2021 and remained at 44,419 metric tons compared to 32,694 metric tons during January 2021 which is a low value-added product and is actually just export of…
Bank Alfalah signed an agreement with NS Cashpoint for fast remittance service
Karachi, March 17, 2021: NS Cashpoint recently entered into a partnership with Bank Alfalah, one of the largest private banks in Pakistan, to better serve the Pakistan remittance corridor. The association with Bank Alfalah will allow both the entities to mutually benefit from each other’s brand value and service offerings in the APAC region while…
KSE 100 close increase of 1.32pc
Karachi, March 17, 2021: Pakistani Equities clawed back the gains on Wednesday with the KSE 100 Index closing at 45,450 level (up 1.32 percent ). Over the past 4 days, the market has recovered 2,671points (6.24 percent ) against 3,057points lost amidst the senate elections. The rally is attributable to easing political noise owed to…