Aftab Ahmed Islamabad: The DAP offtake has continued to remain on higher side during month of March 2021 compared to the corresponding period last year. The availability of DAP in Kharif season will also remain under stress due to stress on DAP offtake after June, 2021. The prices of DAP are at the highest level…
Islamabad: FSL steel universe (Ex-AGHA) is likely to post a profit of Rs3.4 billion in the third quarter of the current financial year 2020-21. It is likely to record profit due to higher volumes for both long and flat steel products and pricing power in the flat steel market amid a recovery in HRC-CRC margins….
Aftab Ahmed Islamabad: Engro Polymer and Chemicals Limited (EPCL) believes that PVC market will remain strong due to various incentives provided to the construction sector. Additionally, the company has also inaugurated its THINK PVC outlet in April to further promote other applications of PVC in the domestic market. Going forward, the company believes that the…
Aftab Ahmed Islamabad: Engro Fertilizers Limited (EFERT) is working on a BMR project to improve the efficiency of its base plant to mitigate the impact of the suspension of concessionary gas. In this regard, the company has also applied for SBP’s TERF facility. Engro Fertilizers Limited (EFERT) held its analyst briefing session on Monday to…
Aftab Ahmed The government has approved an option of transferring assets of Pakistan Steel Mills (PSM) to offset the liability of the National Bank of Pakistan (NBP). Ministry of Industries and Production had submitted a plan to the government for approval to pay off the debt of the National Bank of Pakistan (NBP) against the…
Brigadier (retd) Muhammad Zarrin, head of the company declined to comply with the Commission’s orders to reinstate the female officer Zeeshan Javed The National Industrial Relations Commission (NIRC) has issued immediate arrest warrants against Brigadier (retd) Muhammad Zarrin, head of Neelam Jhelum Hydropower Company (NJHPC) after the latter did not appear before the commission in…
The Federal Investigation Agency (FIA) has sent questionnaires to 38 mills of 21 top influential families and groups in the sugar scandal. Five sugar mills including those owned by Shahbaz Sharif Family, Monis Elahi, and Jahangir Tareen have not submitted their answers yet. https://newztodays.com/govt-moves-now-to-stop-export-subsidy-scandal/ An investigation is underway against sugar mills. FIA has sent questionnaires…
Aftab Ahmed Islamabad: Pakistan automobile industry is witnessing astonishing growth due to favorable government policies and lower interest rates. In a recent research note, Sherman Securitas has said that “Pakistan’s major auto assemblers excluding KIA and Hyundai are likely to post stunning sales growth of 192% YoY in March 2021” Sherman Securities expects total sales…
Aftab Ahmed The federal government on Friday decided to increase the wheat price to Rs 1800 per 40 kg. Earlier, the government had set the wheat support price at Rs 1650 per 40. Food Minister Syed Fakhar Imam had called for fixing the price at Rs 1800 per 40 kg but the ministers from urban…
The Competition Commission of Pakistan has issued a show-cause notice to M/s Hyundai Nishat Motor Pvt Ltd for deceptive marketing practices for its newly introduced model in Pakistan. “While concluding an inquiry has issued a show-cause notice to M/s Hyundai Nishat Motor (Pvt) Limited for, prima facie, deceptive marketing practices in the marketing campaign for…