Karachi, April 17, 2020: Market saw an unprecedented surge today that led to market halt at 10:52 PM for 60mins. A host of factors, all positive, from SBP’s surprise rate cut to deferment of G20 debt and IMF provided COVID-19 relief fund contributed to the ascend in index. The benchmark index realized an increase of…
Islamabad, April 09, 2020: Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its financial results for the quarter ended March 31, 2020 at its Board of Directors’ meeting held in Islamabad on April 9, 2020. COVID-19 pandemic has created global shockwaves and its effects have changed the landscape…
Byco Petroleum Pakistan Ltd. earned a net profit of Rs 213 million in its half-year ended December 2019, up 139% from Rs 89 million a year earlier The business environment remains challenging due to the economic slowdown and weak demand for refined products, particularly HSFO Karachi, February 17, 2020: Byco Petroleum Pakistan Ltd. (BPPL), announced…
Karachi, January 15, 2020: Urea sales during Dec’19 witnessed a phenomenal jump of 84 percent YoY to 1,307k tons, which is the highest monthly urea offtake historically. On 2019 yearly basis, urea offtake clocked-in at 6.19 million tons. Last year, the government operated two fertilizer plants on RLNG. Post this, there was no shortfall of…
Karachi, December 04, 2019: The domestic cement in the first five months of this fiscal reached 16.854 million tons posting a positive growth of 2.91 percent while exports reached 3.608 million tons depicting a growth of 21.46 percent. Overall cement grew by 5.76 percent to 20.462 million tons. In November 2019, cement industry 3.538 million tons…