Staff Report Islamabad: Pakistan and Denmark have pledged green shipping and reaffirmed their commitment to enhancing global trade competitiveness by modernizing Pakistan’s maritime infrastructure, improving port efficiency, and adopting sustainable practices. This was emphasized during a meeting between Federal Minister for Maritime Affairs, Junaid Anwar Chaudhry, and Danish Ambassador to Pakistan, Jakob Linulf here on…
Staff Report Islamabad: The newly appointed Petroleum Minister has refused to hold a meeting with oil refineries to resolve the issue of sales tax exemptions that are going to hit $6 billion refining projects. The oil refineries have estimated a Rs 34 billion loss during the current financial year due to the issue of sales…
Staff Report The export of IT services has witnessed notable growth, largely due to the efforts of the Special Investment Facilitation Council (SIFC). As per the latest data, IT service exports have risen by six percent, generating $5.4 billion in foreign exchange over the last eight months. Exports in the domains of IT, computer, and…
Staff Report Following global market crash Pakistan Market lost 3.3% on Monday owing to the escalating tariff war initiated by USA and subsequently retaliated by other nations. After hitting a Halt when it fell 5% trading resumed after cooling period and saw some value buying At sector level, Oil and Gas exploration sector, Technology, and…
Staff Report Pakistan’s Oil Marketing Companies (OMCs) recorded sales of 1.2 million tons in March 2025, up 5% year-on-year (YoY) and 7% month-on-month (MoM). The MoM rise was due to a low base effect, while the YoY increase was supported by lower petrol and diesel prices compared to last year. Company-wise: The government has set…
Staff Report The United States of America (USA) has imposed reciprocal tariffs on its trading partners including Pakistan, aiming to boost domestic manufacturing by making foreign imports expensive and to raise revenue. The reciprocal duties ranges from 10-48%, which reportedly is in addition to universal tariff of 10% on all countries. The reciprocal duties are…
Staff Report KSE-100 index companies posted earnings of Rs 1.62 trillion in 2024, marking a 1% year-on-year (YoY) decline from Rs 1.64 trillion in 2023. In US dollar terms, profitability stood at $5.8 billion, also down 1% YoY. Excluding Exploration & Production (E&P) companies, corporate profitability improved by 8% YoY to Rs 1.25 trillion. However,…
Staff Report ISLAMABAD: The Competition Commission of Pakistan (CCP) has granted approval for the merger of M/s Olympia Synthetics Limited (OSL) with and into M/s Olympia Industries (Private) Limited (OIL) under Section 11 of the Competition Act, 2010. The transaction involves merger of OSL, a public unlisted company engaged in the production of bulk filament…
Staff Report Pakistan’s listed pharmaceutical sector saw a significant earnings surge, rising 3.1 times to Rs24.8 billion in 2024. This profitability boost stemmed mainly from increased net sales and improved gross margins. Net sales grew by 15% year-on-year to Rs318 billion, driven by rising drug prices. In February 2024, the government deregulated non-essential drug prices,…
Staff Report KSE 100 Index increased by 4% on MoM basis, this gain can be attributed to staff level agreement with IMF, circular debt resolution plan where news flow suggest that significant progress has been made and noise that government is working on plan to reduce the electricity prices Major developments during the month were:…