§ Karachi, February 22, 2021: The Bank’s management is embarking on a profit retention/capital conservation strategy, in order to finance several growth projects, which are expected to contribute to profitability over the next 3-5 years. Hence, we believe current level dividend payout is likely to remain unchanged despite earnings growth. § The Bank is also slightly capital…
Karachi, February 22, 2021: The domestic steel re-bar prices are feared to cross Rs150,000 per tonne on massive surge in global scrap rates, which have gone up from $350 per tonne in October to $455 per tonne, and recent 10pc increase in power tariffs for the energy-intensive steel industry. The industry sources say the higher steel prices could jeopardize the government’s…
Karachi, February 22, 2021: PTI National Assembly member Saif-ur-Rehman visited Federal B Area Association of Trade and Industry to discuss issues related to industries and discussed various issues* Talking to President FBATI Muhammad Ali, National Assembly member Saif-ur-Rehman said that he would convey the voice of industrialists to the Governor of Sindh and the Prime…
Karachi, February 19, 2020: PayPro, one of Pakistan’s fastest growing fintech companies which focuses on B2B and B2C payments, was awarded a PKR 7.473 million Innovation Grant by the USAID Small and Medium Enterprise Activity (SMEA) to digitize the MSMEs (Micro, Small and Medium sized Enterprises) who’re looking to collect payments through digital channels. The…
Karachi, February 19, 2021: The Employers’ Federation of Pakistan’s well sought and prestigious award has received overwhelming response and subscription this year. A record number of multinational organizations and medium to large scale organizations have registered up to now. The number has surpassed by 60 percent considering EFP’s eight years’ history of holding the award…