Pakistan’s Inflation Rate at 2-year high of 13%
With rising oil prices and a possible increase in power tariffs, we anticipate monthly CPI inflation to remain in the range of 11-13% during the remainder of FY22, Topline Research said.
With rising oil prices and a possible increase in power tariffs, we anticipate monthly CPI inflation to remain in the range of 11-13% during the remainder of FY22, Topline Research said.
Engro Polymer & Chemicals (EPCL) is likely to Post Earnings per share (EPS) of Rs4.9 compared to Re0.01 last year in 2QCY21 Sherman Research hopes that EPCL share Earnings may be at Rs 4.9 on the back of higher international margins. Both LOTCHEM and EPCL profits are likely to increase significantly on the back of…
The Pakistan Stock Exchange (PSX) opened on a strong note Wednesday, with the benchmark KSE-100 Index climbing over 400 points in the early hours of trading. At 9:50am, the index stood at 156,582.41, up by 401.47 points or 0.26%. Gains were fueled by buying in key sectors such as banking, oil and gas, automobiles, and…
Aftab Ahmed Three Telecom companies have started trial production of mobile phones in Pakistan. M/s VIVO, M/s Airlink Communications, M/s Inovi Telecom are amongst the new investors in the local assembly of mobile phones, who have already started their trial production in February 2021. The combined capacity of these three companies is more than 1…
Aftab Ahmed Islamabad: The United Arab Emirates (UAE) has rolled over the payment of a $2 billion Pakistan loan. Pakistani foreign minister spokesperson Zahid Hafeez Chaudhri said in a tweet. This is a development in wake of Pakistani foreign minister Shah Mahmood’s visit to UAE. Meanwhile, the Foreign Office spokesperson lauded the decision of the UAE…
Pakistan’s consumer companies-Discretionary, Staples, and Pharmaceuticals have registered an increase in profitability of 80% YoY during 4Q2020 against 86% YoY in 3Q2020. In full-year 2020, the profitability increased by 28% YoY. Category-wise, Consumer Discretionary firms posted a significant 285% YoY improvement in profitability during 4Q2020, followed by a 60% YoY increase in Consumer Staples and…
The government has reduced the diesel price by Rs 5 per liter effective from May 1, 2023 due to fluctuation in global oil prices. Therefore, today diesel price is Rs 288 per liter. High speed diesel is widely used in transport and agriculture sectors. The Kharif crop season is going and therefore decrease in price…