Staff Report Islamabad: Under the directives of the Prime Minister, Pakistan International Airlines (PIA) will commence international flights to Uzbekistan. Additionally, private airlines will also be engaged to expedite trade and tourism links. Special Assistant to the Prime Minister on Industries and Production, Mr. Haroon Akhtar Khan, held a meeting today with the Minister for…
Staff Report Islamabad: Pakistani analysts have said that PAEL seems to be one of the major beneficiaries of the US-China Tariff war. While assessing the major implications of US tariffs on Pakistani manufacturers, we found out that PAEL seems to be one of the major beneficiaries of the US-China Tariff war” Sherman Research said in…
Staff Report Islamabad: The management of Systems Limited (SYS) has seen the recent US tariffs as an opportunity since the tariffs have not been imposed on services industry. Systems Limited (SYS) held its corporate briefing today to discuss 2024 financial result and future outlook. Management sees the recent US tariffs as an opportunity since the…
Staff Report Topline Research has expected the earnings of the Topline Fertilizer universe to decrease by 32% YoY and 55% QoQ in 1Q2025, mainly due to a decline in Urea and DAP offtakes amid weak farm economics and water shortage. Urea offtake is expected to drop by 40% YoY and 45% QoQ to 1.1mn tons…
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 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: 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: 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…
Staff ReportIslamabad: The ministry of Industries has proposed the introduction of a super tax in upcoming budget to bring Pakistan’s corporate tax structure at par with regional standards. Special Assistant to the Prime Minister on Industries and Production Mr. Haroon Akhtar Khan proposed it during a high level meeting on budget proposals. He directed for…
Staff Report Pakistan Listed Non-Life Insurance Profits was Rs17.4bn in 2024 which is up by 35% YoY compared to 2023 and better than last 5-year CAGR of 19%. Higher profits are led by better underwriting results and higher Investment Income. In 2024 Net Premiums increased by 25% YoY to reach Rs68.6bn compared to 2023. Net…