Business
Nestlé Pakistan Limited announces financial results for H1 2020
Lahore (29 July 2020): Nestlé Pakistan Limited recorded sales of PKR 58.4 billion for the period January-June 2020, an increase of 1.0% compared to the same period last year despite the unprecedented circumstances caused by the COVID-19 outbreak. The Company recorded net profit of PKR 3.9 billion, a decline of 13.3% compared to the same period…
iTecknologi Group posts Rs 1 billion revenue
Karachi: July 27, 2020: iTecknologi Group of Companies has posted an annual revenue of Rs 1 billion during the FY 2019-20. The management lead by the Group Chief Executive Officer Salman Hussain, extended their gratitude towards all its personnel, partners, customers and stakeholders for their hard-work, commitment and patronage that resulted in this great success. Commemorating…
KIA Lucky Motor surpassing expectations
KARACHI, July 27, 2020: KIA lucky Motors has received an impressive response from the market on both its products including Picanto and Sportage. According to Topline, company is booking 1,500-2,000 cars per month, which can take sales to 18,000 to 24,000 units per annum as against earlier expectation of 12,000 units for this fiscal year…
PSX market remain positive on wednesday
Karachi, July 22, 2020: The market remained range-bound making an intraday high and low of +286 & -148 points respectively, to finally close at 37,805 levels, +0.3 percent. Traded value stood relatively low at $106 million, down 9 percent and volume stood at 405 million shares, down 11 percent. Furthermore, major contribution to total market…
SBP enhances scope of its Renewable Energy Refinance Scheme to encourage production of clean energy
Karachi, July 22, 2020: State Bank of Pakistan (SBP) has enhanced the scope of its Refinance Scheme for Renewable Energy by allowing financing under category III of the scheme to solar and wind based energy sale companies. In light of the feedback received from stakeholders, the size of the project established by vendor/ supplier/ energy…