Business
Indus Motor Declares Rs 4.8 Bn Profit After Tax for First Half FY20-21
Karachi, February 26, 2021: The Board of Directors of Indus Motor Company (IMC) released its financial results for the half-year ended December 31, 2020. IMC’s combined sales of Completely Knocked Down (CKD) and Completely Built-up Units (CBU) units increased by 82 percent to 26,362 units against 14,453 units sold in the same period last year. The Company…
KSE-100 closed decrease on 83pts
Karachi, February 26, 2021: Market traded in a narrow range today, oscillating between -213 points and +274 points, closing the session by -83 points (unadjusted). FATF’s decision to maintain status quo for Pakistan till June 2021 saw a lukewarm welcome from Investors. Profit booking was witnessed almost across the board, including Technology, Cement and Textile…
Nestlé Pakistan announces financial results for 2020
Lahore, February 26, 2021: Nestlé Pakistan posted a revenue of PKR 118.8 billion for 2020, a 2.4percent growth from 2019. Despite the unprecedented situation caused by the pandemic, the company was able to grow the revenue through undisrupted supply and availability of products, innovation and renovation initiatives, numeric distribution expansion and investments behind the brands….
Trade deficit declined by 15pc MoM in January
Karachi, February 25, 2021: During January 2021, the country’s trade deficit declined by 15 percent MoM to US$2.3 billion, as per the SBP data. Receding import payments (down 12 percent MoM) were the primary reason for the lower trade deficit, where the petroleum group recorded the most significant decline (down 31 percent MoM), followed by…
Haleeb Foods partners with Bank of Punjab for financial assistance to its dairy farmers
Karachi February 26, 2021: Haleeb Foods Limited (HFL) the pioneer dairy processing company in Pakistan and Bank of Punjab (BOP) have entered into a far reaching collaboration to deliver easily accessible financing to dairy farmers associated with HFL. This initiative will enable the dairy farmers to avail affordable financing from BOP, on soft terms and lowest…