Business
Shell Pakistan announces financial results for 2020
Karachi, March 02, 2021: The Board of Directors of Shell Pakistan Limited (SPL) announced financial results for the year ended December 31st, 2020. The company posted a loss after tax of PKR 4,821 million for 2020 compared to the loss of PKR 1,485 million in 2019. The second half of 2020 saw significant recovery with a profit after…
Agha Steel Announces Healthy Financial Results
Karachi, March01, 2021: Agha Steel Industries has announced its financial results for the half year ended on 31st December 2020. Company has announced a total profit after tax of 1057 million for half year while its October to December’s Quarter after tax profit remained Rs. 548 million. The earning per share for the half year remained…
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…