Stock Market

EPCL shares Quarterly progress report on implementation of PVC expansion/VCM debottlenecking

In a latest notification to PSX, the Engro Polymer & Chemical Limited posted Quarterly progress report on implementation of PVC expansion/VCM debottlenecking. Despite the challenges posed by the pandemic, the progress at PVC has been satisfactory. We are pleased to inform that the PVC plant has attained Mechanical Completion. We are now in the commissioning […]

Stock Market

Panther Tyres successfully raises Rs2.632bn through book building

Panther Tyres Limited raised funds worth Rs2.63 billion through a book building process at the Pakistan Stock Exchange (PSX) on Thursday. The company strike price clocked in at Rs65.8 each during the two-day (Jan 27-28) book building process. The company opened bidding at Rs47 per share, which could increase by a maximum of 40% to the upper […]

Stock Market Uncategorized

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 […]

Stock Market

Corporate Result: Fauji Fertilizer Company Annual Earnings observe growth of 72%

In a latest notification to the PSX, the Fauji Fertilizer Company Ltd (PSX:FFC) announced the result for the year ended December 31, 2020. The company announced the Profit After Tax of Rs.29.7Bn, showing a growth of 72% YoY basis. The Eanring Per Share (EPS) clocked in at Rs. 23.38. The company earning were increased as […]

Stock Market

HUBC’s subsidiary & Central Power Purchasing Agency signed an agreement in furtherance of the MoU

In a latest ntoification to the Pakistan Stcok Exchange, the Hub Power Company Limited (HUBC) announced that the Narowal Energy Limited (a wholly-owned subsidiary of HUBC under the 2002 Power Policy) and Central Power Purchasing Agency (Guarantee) Limited (Power Purchaser) have initialed an agreement in furtherance of the Memorandum of Understanding dated 12th August 2020. Under […]

Uncategorized

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 […]

Uncategorized

CHCC 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. […]

Economy

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 […]

Stock Market

Hira Textile Mills shares progress of newly launched special Melange Yarn

Hirat Textile Mills Limited (PSX: HIRAT) has launched a special type of Yarn i.e. Melange Yarn in October 2020. Out of Total Yarn, 40% of the Melange yarn was produced & sold to Export Oriented Units. The units includes the following: Style Textile Mills Sapphire Textile Mills Limited Shahkam Industries Azad International Clothing (PVT) Ltd. […]

Economy

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 […]