Economy
Interloop Limited (ILP): 4QFY24 EPS at Rs1.87 down 75% YoY and 14% QoQ – lower than industry expectations
Interloop Limited (ILP) announced its 4QFY24 result today, where the company recorded an unconsolidated earnings of Rs2.6bn (EPS of Rs1.87). This takes FY24 earnings to Rs15.8bn (EPS of Rs11.25) down 11% YoY as compared to FY23 profit of Rs20.2bn (EPS of Rs14.39). The earnings came lower than expectations for 4QFY24 due to lower than expected…
Consul General of Italy in Karachi attended the unveiling of advanced Italian technological innovation in diesel engines
Karachi: 25 September 2024, Mr Danilo Giurdanella, the Consul General of Italy in Karachi attended the unveiling of advanced Italian technological innovation in diesel engines – the launch of R24 FPT Engines in Karachi; The new series is aimed at providing innovative solutions to industries and businesses across Pakistan to reduce their carbon footprint and…
KSE-100 Index Profitability – FY24 – Highest profitability on FY basis
The profitability of the KSE-100 index continues to rise, registering a growth of 24% YoY during FY24, the highest profitability on an FY basis. The growth in profitability during the period came on the back of 6%, 23%, 35%, 38%, 84%, and 137% YoY growth in the E&P, Power, Bank, Cement, Fertilizer, and OGMC sectors,…
Larkana industrial zone has been given status of SEZ. Jam Ikramullah Dharejo
Karachi : September 24. Provincial Minister for Industries and Commerce Jam Ikramullah Dharejo has said that the Larkana Industrial Zone has been given the status of an Economic Special Zone for the development of Larkana and its surrounding areas. He said this while speaking on the occasion of an agreement ceremony between the SITE Government…
Qist Bazaar Raises US$3.2 M ‘Series A’ Funding
Karachi, Pakistan – Qist Bazaar, Pakistan’s Buy Now Pay Later (BNPL) fintech startup, announced that it has secured US$3.2 million in its Series A funding round. The round was led by Indus Valley Capital, with participation from Gobi Partners holding US$1.6 billion in assets under management (AUM). Bank Alfalah, has already invested in it. Qist…