Karachi, March 02, 2021: The Pakistani banks earnings increased by 33 percent YoY in 2020 or by Rs60 billion to reach Rs238 billion. This was driven by earlier re-pricing of Liabilities compared to Assets amidst declining interest rates coupled with higher than expected deposit growth of 22 percent YoY, resulting in Net Interest Income (NII)…
Karachi, March 02, 2021: The KSE100 index saw some recovery today as it touched a high of +484 points before closing at 45,964 levels (up 0.8 percent). Top volume leaders of the session were TRG (+4.3 percent), ANL (+4.6 percent), ASL (+7.0 percent), BYCO (+1.8 percent), GGL (+2.5 percent) and UNITY (+1.8 percent) cumulatively contributing…
Karachi, March 02, 2021: In view of its significant importance in the economy and free market mechanism, the value added textile sector has asked the Government to allow the duty-free import of cotton yarn all over the world including neighbouring country to ensure availability of cotton yarn of good quality and place ban on export…
Karachi, March 02, 2021: Pakistan Urea sales in Feb-2021 are expected to clock in at 407k tons, down 12percent YoY amid high base of 460k tons in Feb-2020. According to Topline, urea sales during Feb-2020 were up by 19percent YoY amid lower Urea prices across the country on the back of reduction in Gas Infrastructure…
Karachi, March 02, 2021: Total Petroleum and Lubricant sales clocked-in at 1.40 million tons in Feb’21, depicting a double digit growth of 26 percent YoY while down by 8 percent MoM due to fewer working days in February compared to January. The growth in sales volumes is primarily attributable to i) resilience displayed by the…