Business
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…
Industrialist demand revised bills minus ISPA charges
Power ministry must intervene to resolve ISPA issue: Suleman Chawla Karachi, April 23, 2020: President SITE Association of Industry, Suleman Chawla has demanded Ministry of Power to restrain K-Electric from collecting ISPA charges from the industrial consumers and immediately issue revise bills minus ISPA charges with one week extended, last date for payment for the current…
Stock gains 387 points on Wednesday
Karachi, April 23, 2020: Market traded range bound for most of the session, with Cement, Banks and Engineering (Steel) sectors facing selling pressure, whereas Oil & gas stocks trading green. International crude price rebounded overnight for WTI to trade +15 percent from its previous close and helped OGDC, PPL and HASCOL hitting upper circuits. Sentiment…