Islamabad, July 10, 2024: The Pakistan government announced an increase in salaries and pensions for employees, as proposed in the recently-announced Budget 2024-25. According to the notification issued by the Finance Division, the particular relief allowance for government employees up to grade-16 has been increased by 25 percent. Similarly, the allowance for officials from grade-17…
Karachi, March 16, 2021: Federal B Area Association of Trade and Industry has expressed concern over the 700 per cent increase in the cost of transporting container cargo around the world, including Pakistan, due to the dramatic increase in imports. President Fabati Muhammad Ali said that international freight costs have increased by 500 to 70,000…
Karachi, March 02, 2021: Headline inflation increased to 8.70 percent YoY in February, compared to 5.65 percent YoY in the preceding month. This was expected, given the hike in electricity charges. Electricity charges were the key contributor to a higher CPI in February, increasing by ~29 percent MoM. Over half of the MoM increase in…
Karachi, December 1, 2020: During November, the market provided a return of 3percent MoM, closing above 41k levels (41,069) after closing below 40k in the preceding month. So far in 5MFY21, the KSE–100 has provided a healthy return of 19.3percent Among the major sectors, top performers on MoM basis included Engineering (22.4percent), Technology & Communication…
Karachi, October 16, 2020: HBL declared a consolidated profit after tax of Rs. 25.3 billion for 9M’20, an almost threefold growth over the same period last year. Profit before tax for the first nine months of 2020 more than doubled, to Rs. 42.9 billion. The Bank’s earnings per share increased to Rs. 17.17 compared to…