Business
Engro Fertilizers takes lead to reduce Urea price by Rs 160
Karachi, January 31, 2020: Engro Fertilizers welcomes the decision of Government of Pakistan to reduce GIDC on urea. In line with the decision and to support the valued farmers of the country. Engro Fertilizers has decided to fully pass on the benefit of change in GIDC rates by announcing a 160/bag reduction in urea prices,…
Lucky Cement records consolidated earnings of PKR 3.21 bln for half-year ended Dec 31, 2019
Karachi, January 30, 2020: On a consolidated basis, Lucky Cement Limited reported net profit after tax of PKR 3.21 billion after taking out PKR 0.71 billion attributable to non-controlling interests for the half year ended December 31, 2019, which translates into earnings per share (EPS) of PKR 9.93 / share as compared to PKR 17.92…
PSX index closed with an increase of 5pts
Karachi, January 30, 2020: Market dipped again by 351 points during the session, but staged a recovery and closed the session +5 points. LUCK’s result at the opening bell, brought some relief to the sellers in past couple of sessions in which LUCK came down from ~500. LUCK’s price rebounded after touching day’s low of…
KATI sees higher policy rates as a hurdle for industrialization
Karachi, January 30, 2020: President of Korangi Association of Trade & Industry (KATI) Sheikh Umer Rehan termed higher policy rate as one of the biggest hurdles in the way of industrialization in the country. He was addressing a seminar on SMEs arranged by Dubai Islamic Bank at KATI. He said that industrial community has learnt…
Compliance with FATF not to hurt CDNS’ business
Islamabad, January 28, 2020: Ministry of Finance clarifying a news report captioned as “National Savings and FATF” which published in the section of the press on Monday said the contents of the news report as published by the media were likely to be misconstrued by the account holders and clients of the Central National Saving…