§ 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 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: Human Rights defenders and social activists on Friday expressed serious concern over initiation of an inquiry into entire team of the Cyber Crimes Wing officials in Sindh as they had reportedly took action against four private companies in Karachi. In a joint statement, the rights activist and advocate Ali Palh, Convener…
Karachi, January 19, 2021: After a solid performance last month, textile exports continued to flourish in Jan-2021, increasing by 11 percent YoY to US$1,323mn. Cumulatively, this takes 7MFY21 textile exports to US$8,766mn, translating to growth of 8 percent YoY. Value-added segments shined yet again, particularly Knitwear (33 percent YoY) and Towels (34 percent YoY), whereas…