Business
Pakistan Stock loss 44pts on Thursday
Karachi, April 24, 2020: Market traded in a narrow range on the last day of rollover week. The benchmark index oscillated between -111 points and +218 points and closed the session -44 points. Pre-open session saw announcement of financial results of OGDC, LUCK and MLCF as key triggers for the Cement and E&P sectors. OGDC…
Five hours for food delivery is insufficient during Ramadan
Restaurant owners appeal to Sindh CM to allow takeaway & delivery from 4pm to 5am Karachi, April 24, 2020: All Pakistan Restaurant Association (APRA) has welcomed the SOPs issued by the Sindh Govt for holy month of Ramadan and assures all possible cooperation, but at the same time, appealed to Chief Minister Syed Murad Ali…
Pak exports to Africa increases by 10 percent in last 10 months: Razak Dawood
Islamabad, April 24, 2020: The Prime Minister Adviser on Commerce and Investment, Abdul Razak Dawood on Friday said Pakistan’s exports to African countries have increased by 10 percent from July 1st , 2019 to April 21st, 2020, as compared to the same period during last Fiscal Year. The adviser said, “I would like to commend…
Cement Sector is posting huge losses industry sources
Karachi, April 23, 2020: Four cement companies namely Attock Cement, DG Khan Cement, Fauji Cement and Kohat Cement have announced their 3Q results so far. Their average profitability (after taxation) in third quarter has declined by 146 percent as compared to 3Q 2019 while in nine months period, the profitability has declined by 109 percent….
Engro Corporation Q1 2020 Results
Karachi, April 23, 2020: Pakistan’s premier conglomerate, Engro Corporation (PSX: ENGRO) announced its financial results for the quarter ended March 31st, 2020. On March 11, 2020, the World Health Organization (WHO) declared COVID-19 a pandemic. The management has responded well during this time of crisis and has taken necessary steps to ensure long term sustainability…