Karachi, September 13, 2019: While most of the analysts are expecting status quo in upcoming monetary policy, analysts at Arif Habib Limited are seeing some 24 basis points cut in interest rate. The State Bank of Pakistan (SBP) is scheduled to announce its monetary policy on September 16, 2019. “We expect the central bank to…
Karachi, August 27, 2019: Packages Limited (PKGS) announced 2Q2019 consolidated loss of Rs413 million (LPS Rs4.9/share vs. EPS of Rs8.19 in 2Q018). The result came in below our expectations mainly on the back of higher operating expenses, loss on investment under equity method and high effective taxation. Operating cost of the company was up by…
Karachi, August 5, 2019: True to its principle of preserving the natural environment, Khushhali Microfinance Bank has taken the initiative of the plantation and maintenance of 6,000 plants at Changa Manga, near Lahore. This initiative has been taken in partnership with the Punjab Forest Department. The Tree Plantation, which covers 8.5 acres, will entail plantation of…
Karachi, July 29, 2019: MCC Port Qasim has detected gross mis-declaration of imported goods by M/s Amreli Steels Limited, which would have caused a significant revenue loss if went undetected. Amreli Steels Limited was incorporated in 1984 as a private limited company and converted into a public unquoted company in 2009. The Company is mainly…
Karachi, July 29, 2019: During 4QFY19, profitability clocked-in at Ra 2.196 billion (EPS: PKR 6.79), down by 8 percent YoY / 21 percent QoQ. In addition, the company announced a dividend of Rs 6.5 per share (Rs 13.00/share in FY18). According to Arif Habib Research Company’s topline witnessed a dip of 12 percent YoY to…