
Technology & Business
PIA 777 impounded in kualumpur for not paying Lease amount
PIA Boeing 777 registration APBMH operating flight islamabad Kuala Lumpur Islamabad is impounded by the Malaysian Authorities in Kuala Lumpur by orders of the court which was approached by the lessor of the aircraft. The leasing company has not been paid the lease amount hence they approached the courts there. PIA managment has not paid […]
Pakistan’s Exports increased 18% YoY & imports surged 25% during December, 2020
Relaxation of Tax granted to IT Industries for 10 years – Amir Ahmad Hashmi
Roshan Digital Account receives its highest ever single day remittance of US$ 7.7Mn
World News
Service Global Footwear Ltd enters as shareholder in JV for Greenfield Project
In a latest notification to the PSX, Service Global Footwear Limited (`SGFL’) a subsidiary of Service Industries Limited (SRVI) will be included as a shareholder in Joint venture project, Service Long March Tyres (Private) Limited (‘SLM’), incorporated in terms of Joint Venture Agreement executed amongst the Company, Chaoyang Long March Tyre Co., Ltd (LM) of […]
SECP enlisted Investors Hub (Ascamo Analytics Pvt Ltd) in list of Notified Research Entities
TOMCL awarded an approx $3.9Mn to supply frozen boneless meat to biggest Food Processor in Middle East
Agritech Ltd shut down the Urea plant
In a latest notification to the Pakistan Stock Exchange, the Agritech Limited (PSX: AGL) announced that the Urea plant of the company has shut down on 30-11-2020 due to Gas Curtailment by Government of Pakistan due to winter load management.
PREMA won the Brand of the Year Award 2020 for the 2nd Consecutive year
TPL Trakker Ltd has been awarded the contract for consultancy services for Mapping of Historical and Religious Sites in Pakistan
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Fauji Foundation to acquire majority stake in Silk Bank
In a latest notification to PSX, Fauji Foundation (FF) has expressed its intention to acquire majority stake in Silk Bank Limited (PSX:SILK). As a part of the process, Silk Bank has been requested to allow FF to conduct due diligence of Silk Bank and in this regard FF intends to apply to SBP for the requisite approval of the same.Corporate Result: Fauji Fertilizer Company Annual Earnings observe growth of 72%
HUBC’s subsidiary & Central Power Purchasing Agency signed an agreement in furtherance of the MoU
MPC: Policy rate remains stable at 7%
The Monetary Policy Committee (MPC) decided to maintain the policy rate at 7 percent. The MPC noted that since the last meeting in November, the domestic recovery has gained some further traction. Most economic activity data and indicators of consumer and business sentiment have shown continued improvement. As a result, there are upside risks to the current growth projection of slightly above 2 percent in FY21. On the inflation front, recent out-turns are also encouraging, suggesting a waning of supply-side price pressures from food and still-benign core inflation. While utility tariff increases may cause an uptick in inflation, this isCHCC to undertake BMR for Cement Line 1
CHCC has announced that it has decided to undertake BMR for Cement Line 1 & install a main Crusher. These measures will help improve the operational efficiencies of the Company. The total cost of BMR of Cement Line 1 & installation of main Crusher is approximately Rs 3.5bn which will be financed through long-term loans.PIA 777 impounded in kualumpur for not paying Lease amount
PIA Boeing 777 registration APBMH operating flight islamabad Kuala Lumpur Islamabad is impounded by the Malaysian Authorities in Kuala Lumpur by orders of the court which was approached by the lessor of the aircraft. The leasing company has not been paid the lease amount hence they approached the courts there. PIA managment has not paid the lease along with other payments that are with held,and these amounts are shown as profits by the air force management on deputation in PIA headed by Air Marshal Arshad malik.Recent News
- Fauji Foundation to acquire majority stake in Silk Bank January 28, 2021
- Corporate Result: Fauji Fertilizer Company Annual Earnings observe growth of 72% January 28, 2021
- HUBC’s subsidiary & Central Power Purchasing Agency signed an agreement in furtherance of the MoU January 25, 2021
- MPC: Policy rate remains stable at 7% January 22, 2021
- CHCC to undertake BMR for Cement Line 1 January 18, 2021
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PIA 777 impounded in kualumpur for not paying Lease amount
PIA Boeing 777 registration APBMH operating flight islamabad Kuala Lumpur Islamabad is impounded by the Malaysian Authorities in Kuala Lumpur by orders of the court which was approached by the lessor of the aircraft. The leasing company has not been paid the lease amount hence they approached the courts there. PIA managment has not paid […]
Pakistan’s Exports increased 18% YoY & imports surged 25% during December, 2020
Pakistan Bureau of Statistics (PBS) revealed the exports from the country increased by 4.98 percent during the first half (H1) of the current fiscal year (2020-21) as compared to the corresponding period of last year. The exports from the country during July-December (2020-21) were recorded at $12.098 billion against the exports of $11.524 billion during […]
Relaxation of Tax granted to IT Industries for 10 years – Amir Ahmad Hashmi
Amir Ahmad Hashmi head of Special Technology Zone Authority in a meeting of launch ceremony of Special Technology Zone Authority announced the relaxation of Tax to IT Industries for 10 years.
Forex Reserves inched up by 0.79% to USD 20,402.40Mn
As per the data released by the SBP, the Pakistan’s Forex Reserves increased by USD 160.60 Million or 0.79% and the total liquid foreign reserves held by the country stood at USD 20,402.40 Million on Dec 04, 2020.
Roshan Digital Account receives its highest ever single day remittance of US$ 7.7Mn
In a latest tweet from the State Bank of Pakistan, the inward Remittances from overseas Pakistanis into Roshan Digital Account rose to $7.7 million, the highest ever daily amount. To date, total inward remittances into Roshan Digital Account (RDA) have reached $139.4 million, with $81 million invested in Naya Pakistan Certificates.