By NewzTodays Editorial Team | September 9, 2021

Islamabad: Only Ufone has submitted a bid for an additional spectrum auction to increase the speed of the internet due to the high price set by the government. Before the auction of spectrum to enhance the internet speed, the government had set a bid price in the dollar that discouraged the telecom companies from participating…

By NewzTodays Editorial Team | September 9, 2021

Ibn-e-Ameer Large Banks have witnessed a declining trend in return on equity (RoE) during the last decade, says Topline Securities in a research report.  Topline Research in a report has divided all listed banks to analyze return on equity that have announced their financial results till 2020 into two main categories, i.e. which include large…

By NewzTodays Editorial Team | September 9, 2021

Ibn-e-Ameer Samsung is a famous South Korean multinational company that manufactured electronics, like mobile, laptops, watches, and many advanced gadgets. Lee Byung-chill founded it in 1938.  Now it becomes one of the famous mobile manufacturing brands and ranks the 8th most valuable mobile brand worldwide. In 202 the Samsung makes revenue of 200 Billion US…

By NewzTodays Editorial Team | September 9, 2021

Ibn-e-Ameer National Electric Power Regulatory Authority (Nepra) is likely to cap tariff at Rs 45 per unit for electric vehicle charging stations. The regulator proposed to cap tariff for Electric Vehicles Charging Stations (EVCS) while putting another two other options for the prospective and current investors in the power stations business. The regulator conducted a…

By NewzTodays Editorial Team | September 7, 2021

Lahore: Foodpanda partners with Servaid to deliver medicines via pandago. Enhancing the e-commerce avenues, foodpanda, Pakistan’s leading delivery app, has partnered with Servaid Pharmacy to deliver medicines and other pharmaceutical products via pandago, a rider-on-demand service. A signing ceremony took place in Lahore, attended by Raafay Munir, Head of New Verticals foodpanda, and Tahir Abbas,…

By NewzTodays Editorial Team | September 7, 2021

Ibn-e-Ameer The government has refused to appoint the Frontier Works Organization (FWO) as a single-source contractor for the construction of the Grey Structure of Karachi Circular Railway project without exemption from the board of public procurement regulatory authority (PPRA). Cabinet has noted that the Railways division has not sought exemption from PPRA to award the…

By NewzTodays Editorial Team | September 2, 2021

Ibn-e-Ameer Islamabad: The government has approved the revised draft advertisement to appoint member Finance Oil and Gas Regulatory Authority (Ogra). It has also approved the nomination of DG Oil Imran Ahmed as a member of the selection committee for the appointment of Member (Finance), Oil and Gas Regulatory Authority (OGRA). The petroleum division had proposed…

By NewzTodays Editorial Team | September 2, 2021

News Desk BMA capital has estimated EPCL and Lotchem earning per share (EPS) to PKR 14.2 and PKR 2.6 respectively for CY21. Incorporating the latest financial results and chemical margins assumptions, we revise our CY21 earning per share (EPS) estimates to PKR 14.2 and PKR 2.6 for EPCL and LOTCHEM, respectively, BMA capital said. The…

By NewzTodays Editorial Team | September 2, 2021

Car sales of local assemblers are likely to register a slight decline of 14%MoM to 20,7000 units in August 2021 versus 24,2000 units in July 2021. This decline in sales is likely due to the high base effect in July 2021 as it included carry-over sales from the last few months since buyers delayed their…