Pakistan’s textile sector exports decline by 11% March 20, 2023 KARACHI: Pakistan’s textile sector exports declined by 11% in 8MFY23 (July-February 2022-23) to stand at US$11.2bn vs. US$12.6bn in the same period last year….
Meezan Bank & Fieldfisher Capital join hands to provide Islamic Finance Advisory to Europe & Middle East March 15, 2023 KARACHI: Meezan Bank, Pakistan’s leading Islamic Bank, has recently signed a Memorandum of Understanding (MoU) with Fieldfisher Capital LLP (FFC) – a multi-disciplinary advisory…
Shell Pakistan announces financial results for 2022 March 15, 2023 KARACHI: Board of Directors of Shell Pakistan Limited (SPL) announced the company’s financial results for the year ended December 31st, 2022. The company posted…
Profit repatriation from Pakistan declines to all-time low at $2.9mn per month March 15, 2023 KARACHI: Profit repatriation out of Pakistan has declined from average $135 million/month during FY22 to $30 million/month during 7MFY23 (July-January 2022-23) over efforts to…
Pakistan’s Large Scale Manufacturing Industries (LSMI) output increased 1.5% March 15, 2023 Pakistan’s Large Scale Manufacturing Industries (LSMI) output increased 1.5% on MoM basis while down 7.9% YoY during Jan’23, according to data released by Bureau…
Pakistan’s car sales decline 40% amidst muted demand March 14, 2023 KARACHI, PAKISTAN: Pakistan Automotive Manufacturing Association (PAMA) has released the sales and production data for the month of Feb’23, where car sales are down…
Pakistan’s food companies post 23% profitability growth in CY22 March 7, 2023 KARACHI: Pakistan’s listed food companies’ annual revenues have expanded by 34% YoY, which analysts believe is a result of higher unit prices. To recall,…
Pakistan Stock Exchange’s benchmark KSE-100 Index profitability grows by 12% March 7, 2023 KARACHI, PAKISTAN: The bottom-line profitability of Pakistan Stock Exchange (PSX) benchmark KSE-100 index grew by 12% YoY in 1HFY23 to Rs522 billion. Index heavyweight,…
Pakistan Petroleum Limited clinches Corporate Philanthropy Award March 7, 2023 KARACHI, PAKISTAN: Pakistan Petroleum Limited (PPL) has once again been adjudged as one of the largest corporate givers by volume of donations for 2020-21…
SECP proposes Shariah Governance Regulations 2023 March 3, 2023 ISLAMABAD, PAKISTAN: The Securities and Exchange Commission of Pakistan (SECP) has issued draft Shariah Governance Regulations, 2023, primarily to remove bottlenecks in product development…