Karachi. March 22, 2021: The KSE 100 index opened the week with a 500+ points rally to settle the day at 45,407 (up 1.13 percent). The rally was primarily driven by Oil stocks which rose on the expectation that the payment to the IPP’s, which was due this month is imminent. This is expected to…
Karachi, March 22, 2021: An Awareness Session on IPR Enforcement was organized by FPCCI Central Standing Committee on Customs on 19th March 2021 at Federation House Karachi. Nyma Batool, Director, Directorate General of Intellectual Property Rights (IPR) Enforcement was invited as the presenter by Shabbir Hassan Mansha, to deliver and discuss the matters of mutual interest…
Karachi, 22 March 2021: HBL became the first Pakistani bank to open a branch and serve clients inBeijing, China’s capital city. The inauguration ceremony for HBL Beijing was attended by clients, regulators, and senior executives ofthe Bank from across HBL’s international network. From Pakistan, Jameel Ahmad, Deputy GovernorState Bank of Pakistan Sultan Ali Allana, Chairman…
Islamabad, March 22, 2021: The external account posted a recovery in February 2021, as a Current Account Deficit (CAD) of merely US$50 million (-0.2 percent of GDP) was seen, compared to US$210 million (-0.9 percent of GDP) in January. Cumulatively, for 8MFY21, there is still a net surplus in the current account of US$881 million…
Karachi, March 22, 2021: Pak Suzuki Motor Company (PSMC) declared a net loss of Rs1.6 billion (LPS: Rs19.31), compared to a net loss of Rs2.9 billion (LPS: Rs35.49) in CY19. However, during 4QCY20, the company returned back to profitability with a PAT of Rs1.0 billion (EPS: Rs12.26), which was well above market expectations Read More: Nestlé Pakistan LUMS…