Staff Report Topline Research expects Sazgar Engineering (SAZEW) to post earnings of Rs92.13/share during 3QFY25, reflecting a 131% increase QoQ and 84% YoY. Alongside this, we also anticipate the company will declare a dividend of Rs15-18/share, based on the average payout ratio of 20% in the last two quarters. The company is expected to report…
Staff Report Karachi – The eastern Turkish province of Erzurum, designated as the Economic Cooperation Organisation (ECO) Tourism Capital of 2025, is set to host the Palandöken Economic Forum on April 26-27, 2025. Founded as the Regional Cooperation for Development (RCD) in 1964 by the Islamic Republic of Iran, Islamic Republic of Pakistan and the…
Staff Report ISLAMABAD– The Securities and Exchange Commission of Pakistan (SECP) warns the general public regarding the proliferation of unauthorized online trading and investment platforms that lure investors with promises of quick profits through high-risk financial products. These platforms facilitate trading in foreign exchange (forex), securities, commodities, options, and other speculative instruments—all without regulatory approval in Pakistan….
Staff Report ISLAMABAD — Pakistan’s economy is showing signs of stability and recovery with growth in FY2025 (ending 30 June 2026), as the effects of tight macroeconomic policies and progress in economic reforms took hold. According to the Asian Development Outlook (ADO) April 2025, the Asian Development Bank’s (ADB) annual flagship economic publication, Pakistan’s real gross…
Staff Report United States (U.S) companies have expressed keen interest to invest in Pakistan mineral sector. Mr. Eric Meyer, Senior Bureau Official & Acting Assistant Secretary, Bureau of South and Central Asian Affairs, U.S. Department of State has acknowledged the potential of Pakistan’s mineral sector and conveyed the interest of U.S. companies to invest in…
Staff Report Islamabad: The Competition Commission of Pakistan (CCP) has started to move towards granting approval for PTCL-Telenor Merger following interventions of Special Investment Facilitation Council (SIFC). The merger application by the PTCL has been pending for by almost a year as the PTCL management was not providing the relevant documents over several queries. The…
Staff Report Islamabad: The electricity consumers of Karachi are set to enjoy a cut in bills up to Rs6.62 per unit in electricity bills on account of Fuel Charges Adjustment (FCA) for the month of February 2025. The KE consumers have been enjoying a relief in prices of electricity for the last few months due…
Staff Report Islamabad: In a powerful tribute to a legacy of vision and service, Ms. Zahida Habib has established the H.M. Habib Endowment Fund at the Descon Technical Institute (DTI) in memory of her late father, H.M. Habib. A distinguished banker, philanthropist, and the founding force behind Habib Bank AG Zurich, H.M. Habib made lasting contributions…
Staff Report Islamabad: National Resources Limited (NRL) has discovered significant copper-gold mineralization in Chagai, Balochistan. This was announced by Muhammad Ali Tabba, Chairman National Resources Limited and CEO Lucky Cement Limited while addressing the participants at Pakistan Minerals Investment Forum 2025. NRL, a 100% Pakistani privately owned company and a subsidiary of Fatima Fertilizer, Liberty…
Staff Report Islamabad: The global shipping company A. P. Moller- Maersk is set to invest $2 billion in Pakistan in shipping industry. Chairman of the board of directors of A. P. Moller – Maersk Mr. Robert Maersk Uggla called on Prime Minister Muhammad Shehbaz Sharif here on Tuesday. The Prime Minister welcomed the global shipping…