PIBTL Cargo handling declined by 39.5% YoY in 2QFY22
The other reason was due to the slowdown of growth in the manufacturing sector and the decline in business from power plants that were earlier relying on PIBTL for shipments above 40,000 tons.
The other reason was due to the slowdown of growth in the manufacturing sector and the decline in business from power plants that were earlier relying on PIBTL for shipments above 40,000 tons.
The Pakistan Stock Exchange recorded a historic milestone on Friday, with the KSE-100 Index crossing 160,000 points during early trade amid strong buying activity. At 10:15am, the benchmark index climbed to 161,188.80 points, reflecting a robust increase of 1,908.71 points or 1.2 percent in morning trade. Investors showed across-the-board confidence in major sectors, including cement,…
News Report Local cement sales in Pakistan are likely to decline by 4-8% year on year (YoY) in December 2021. The local sales in the first half of 2022 are also likely to drop 2% year on a year (YoY) basis. Pakistan’s cement sales in Dec-2021 are likely to reach 4.3-4.7 million tons, down 5-9%…
SECP has made high-value illiquid assets accessible to smaller investors under a concept note on “Asset Fractionalization”. In line with SECP’s continuous efforts for modernizing the corporate sector and making it more inclusive, SECP has published a concept note on “Asset Fractionalization”, which is now open for public comments. The aim of exploring the potential…
News Report The stock market of Pakistan opened on a negative note on the backdrop of the ongoing conflict between Russia and Ukraine and increased political noise, as the index declined to make an intraday low of 339 points (down by 0.77%). However, some recovery was observed in the latter hours of trade, as value…
Ibn-e-Ameer The government is going to give another subsidy of Rs 17 billion to keep the price of urea at a low level in Pakistan. It has approved the supply of gas at discounted rates to two fertilizer plants-AGL and Fatima Fertilizer. The government will run these two fertilizer plants at LNG.However, gas utilities will…
Gul Ahmed Textile Mills has decided to close business operations of the export apparel segment due to sustained margin pressure. In a notice to Stock Exchange, the company management said that the Board of Directors of Gul Ahmed Textile Mills Limited has decided to discontinue the business operations of the Company’s Export Apparel Segment.Gul Ahmed…