Karachi, August 9, 2019: Pakistan received over two billion dollar on account of home remittances during the first month of this fiscal year. Overseas Pakistanis remit US$ 2 billion in the first month of FY20. Overseas Pakistani workers remitted US$ 2039.30 million in the first month (July) of FY20 as compared with US$ 1981.73 million…
Karachi, July 26, 2019: Fauji Fertilizer Bin Qasim (FFBL) posted a loss of Rs0.55 per share on consolidated basis due to decline in GP margins by 2 points YoY to 16 percent and increase in finance cost by 98 percent YoY to Rs2.3 billion for 2Q2019. The Food business of the company (Fauji Foods) posted…
Karachi, July 23, 2019: Pak Suzuki Motors is most likely to post loss in the second quarter of this calendar year (2QCY19). According to Spectrum Securities report, the board of directors of Pak Suzuki Motor Company Limited (PSMC) have scheduled to meet on July 24, 2019, regarding 2QCY19 results announcement. PSMC is estimated to post a…
Karachi, July 19, 2019: Banking sector is most likely to witness robust growth during this fiscal year (FY20) supported by higher interest rates. According to JS Global, outperform stance on banks for CY19 on account of healthy profitability growth driven by recent monetary tightening (1QCY19 Net Interest Income growth: 25 percent YoY), which is expected…