Karachi, September 27, 2024: The Chairman of the Association of Builders and Developers (ABAD), Asif Samsam, and Senior Vice Chairman Ibrahim Habib have expressed concern over the increasing encroachments, the sudden rise in service charges and taxes on the sale, purchase, and transfer of plots, and the use of KDA residential plots in Clifton for…
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…
Karachi , 25th Sep 2024: Upholding its legacy as a distinguished global systems integrator, Systems Limited has once again marked its success at the P@SHA ICT Awards 2024 by securing the esteemed Top IT Services Exporter Award.The award was presented by Shaza Fatima Khawaja, State Minister for Information Technology and Telecommunication, and proudly received by…
KARACHI: 24 September 2024 Former President of Karachi Chamber of Commerce & Industry (KCCI) Abdullah Zaki has been appointed as a Member of the Board of Trustees of Karachi Port Trust (KPT). According to a notification issued by the Ministry of Maritime Affairs, the federal government has approved reconstitution of KPT’s Board of Trustees in…
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,…