November 16, 2015 Sugar industry deserves no sympathies An advertisement has been published in local newspapers by Pakistan Sugar Mills Association (PSMA). It is aimed at extorting taxpayers’ money rather than making…
November 12, 2015 Resistance against imposition of withholding tax Shabbir Kazmi participated in a discussion program aired by Business plus on imposition of withholding tax. His contention was that this tax negates policy…
November 7, 2015 Pakistan Stock Market Review During the week ended 6th November 2015 bench mark of Karachi Stock Exchange, KSE-100 index closed almost flat at 34,427 levels. Market mostly remained…
November 6, 2015 Amreli Steel IPO oversubscribed Good news for those who applied for Amreli Steel shares! The Company offered its 18.7 million shares to general public for subscription through initial…
November 5, 2015 Pakistani Banks Earnings Review and Outlook Despite 300bps cut in discount rate and stricter regulatory actions and budgetary measures, the AKD Securities banking universe has posted 9%YoY growth in profits…
November 3, 2015 Fatima Fertilizer: Third quarter sales decline by 71 percent Fatima Fertilizer Limited (FATIMA) recently announced its 3QCY15 financial results. Earnings of the company eroded due to fall in topline. During the quarter under…
November 2, 2015 Pakistan Market October Review and Outlook Results season (9MCY15/1QFY16), kept the sentiments bullish and benchmark of Karachi Stock Exchange, KSE-100 index closed October 2015 at 34,262 points, posting an encouraging…
October 29, 2015 Lucky Cement quarterly profit up by 11 percent Lucky Cement (LUCK) has posted an unconsolidated net earnings of Rs2.97 billion (EPS: Rs9.18) for first quarter of the current financial year (1QFY16) as…
October 28, 2015 PMEX signs collaboration agreement with DGCX Pakistan Mercantile Exchange Limited (PMEX), the country’s only multi-commodity exchange, and Dubai Gold & Commodities Exchange (DGCX), UAE’s leading derivatives bourse, today announced that…
October 28, 2015 NBP third quarter profit improves marginally National Bank of Pakistan (NBP) has posted a consolidated profit after tax of Rs4.46 billion (EPS: Rs2.09) for 3QCY15 as compared to net profit…