April 10, 2023 Sales of OMCs post 39%YoY decline In Pakistan, sales of oil marketing companies (OMCs) for March 2023, in terms of volume offtake was reported at 1.1 million tons, posting a…
April 9, 2023 Urea sale down by 20%MoM Urea sales for February 2023 was reported at 502,800 tons, down by 20%MoM as the Rabi sowing season drew to a close. Urea offtakes…
April 8, 2023 Pakistan Stock Exchange remains in the grip of volatility and uncertainty Pakistan Stock Exchange (PSX) witnessed volatility during the week ended on April 07, 2023 owing to economic uncertainty, further exacerbated by political tension that…
April 2, 2023 Pakistan: Mari Petroleum declares PKR85/share interim dividend Strong 1HFY23 marks a phenomenal period for the Mari Petroleum Company (MPCL) with weakening exchange rate alongside rising Arab light prices, providing a much…
April 1, 2023 Pakistan Stock Exchange closes the week flat Pakistan Stock Exchange (PSX) witnessed lackluster performance during the week ended March 31, 2023, with a weekly change of mere 59 points. This disappointing…
March 18, 2023 Pakistan: IMF assistance too near but too far There are no known reasons about what is causing delay in IMF Staff Level Agreement. According to media reports the Fund seeks assurances from…
March 3, 2023 Pakistan Stock Exchange average daily trading volume increases 16%WoW The benchmark index of Pakistan Stock Exchange closed the week on March 03, 2023 at 41,337 points, depicting an increase of 1.55% over the…
March 2, 2023 Pakistan: Takeaways from central bank briefing after 300bps hike in interest rate The State Bank of Pakistan (SBP) on Thursday increased the benchmark policy rate by 300bps to 20%. It noted that the recent fiscal adjustments (mini-budget)…
March 1, 2023 Pakistan: Monetary Policy or Mockery State Bank of Pakistan (SBP) was scheduled to announce Monetary Policy on March 16, 2023. However, on February 28, the central bank announced to…
February 27, 2023 Attock Petroleum posts 1HFY22 net profits of PKR5.5 billion Attock Petroleum (APL) has posted profit after tax of PKR1.2 billion (EPS: PKR10.03) for 2QFY23, down 71% QoQ and 70% YoY. The result came…