The solid increase in profitability for the quarter was largely driven by higher net profits recorded by the Group’s Investment Bank and NBFI platforms, which posted 26 percent and 138 percent Y-o-Y net profit growth, respectively. Cairo, Egypt, August 8, 2019: EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), reported today…
Karachi, August 8, 2019: Engro Fertilizer (EFERT) posted earnings of Rs3.2 billion (EPS Rs2.38) down 2.5 percent YoY mainly on the back of higher other operating expenses and finance cost. On a cumulative basis during 1HCY19 earning remained flat at Rs7.18 billion (EPS: Rs5.38). According to Topline, consolidated gross margins of the company increased by…
Karachi, August 8, 2019: The Petroleum Division Secretary, Ministry of Energy, Mian Asad Hayaud Din, visited Byco’s refinery and Single Point Mooring today. He was briefed on Byco’s operations and received an in-depth briefing on the operations of its floating port, the Single Point Mooring. The Secretary was received by Byco’s Vice President of Operations, Rashid…
Karachi, August 08, 2019: Pakistan Life Saving Foundation (PALS Rescue), the country’s only privately run, near-shore drowning prevention and rescue body has so far saved 176 people from drowning this monsoon season, thus preventing immeasurable tragedies from occurring for several families. Apart from the lives saved, this humanitarian NGO has also carried out 565,550 preventive…
Karachi, August 8, 2019: Taking another stride towards network transformation and digitalisation, Telenor Pakistan and its network partners have geared up to make the network 5G ready to pass on the benefits of this transformative technology to the people of Pakistan in the coming years. The 5G is the fifth-generation cellular network technology that offers faster data transfer…