Business
Political jitters kept stock market on edge
Karachi, March 5, 2021: After remaining on edge in the initial trading sessions of the week, the market plunged by more than 800 points on Thursday before making a sharp recovery on the next day, ending marginally down by 0.1% WoW. According to JS global Thursday’s reaction was on the cards, given the hotly contested…
Pakistan Oil & Gas Exploration: Oil & Gas reserves up 1-2pc
KARACHI, March 05, 2021: Pakistan oil reserves (excl. Aminah, Ayesha and Zainab fields) increased by 1 percent (or 9mn barrels) in last six months due to induction of eight new fields. According to Topline, the increase is lower than the production of 13.5mn barrels during the same period. We have excluded Aminah, Ayesha and Zainab…
Pakistan Tobacco Company takes a giant leap towards reversing deforestation
Karachi, March 05, 2021: Pakistan Tobacco Company Limited (PTC) in collaboration with the Ministry of Climate Change inaugurated the Aerial Seeding Event on Monday 1st of March. The Chief Guest, Malik Amin Aslam, Special Assistant to the Prime Minister on Climate Change inaugurated this one-of-a-kind event; an afforestation activity that has never been undertaken before…
Pakistan Textile profits up by 32pc in 1HFY21
KARACHI, March 4, 2021: Pakistan’s textile sector profits posted an increase of 32 percent YoY in the first half of this fiscal year (1HFY21) supported by higher sales and lower finance cost supported earnings. Topline securities has presented profitability analysis of listed textile composite sector of Pakistan, based on a sample of 21 companies; representing 82 percent…
Faysal Bank, NCCPL ink MoU to facilitate employees’ home finance needs
Karachi, March 04, 2021: A Memorandum of Understanding (MoU) was signed between Faysal Bank Limited and National Clearing Company of Pakistan Limited (NCCPL), a capital market infrastructure institution of Pakistan. The Pakistan Mortgage Refinance Company (PMRC) collaborated on the said initiative. Mudassir H. Khan, MD & CEO, PMRC was the Chief Guest at the occasion. Under…