Business
Bank of Punjab (BOP): Corporate Briefing Takeaways
 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…
KSE-100 closed decrease on 0.59pc
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…
Falcon-i provide advanced fleet management solutions to industry-leading enterprises
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…
Pakistan Cements: Profit more than doubles in 2QFY21
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…
Faysal Bank sponsors 6th SOP Unified Marathon 2021
Karachi, March 1, 2021: Promoting its mission of inclusivity, Faysal Islami, one of the leading Islamic banks in Pakistan, was the platinum sponsor for the 6th Special Olympics Pakistan Unified Marathon 2021, held at Emaar Pakistan on 28th February, 2021. Identified as one of the big-scale social initiatives in Karachi, the event is held every…