Entra ASA to buy Fyrstikkalléen 1 property for NOK 2.3 billion

OSLO: Entra ASA is in exclusive negotiations to acquire the property Fyrstikkalléen 1 for approximately NOK 2.3 billion, a news releases said. Fyrstikkalléen 1 is a large, new-built office property…

NNR May 6, 2021

Interloop Limited plans $300 million expansion to capture pent up demand

KARACHI: Interloop Limited (ILP) has plans to invest $300 million to expand its production capacity and install apparel factory to capture the pent up demand. “The management is targeting to…

NNR May 6, 2021

Pakistan Urea offtake jumped by 29%; DAP sales fall by 79% in Apr’21

Apr’21: Urea sales jumped by 29% YoY; DAP sales fall by 79% YoY During the month of Apr’21, data for provisional fertilizer offtake depicts that urea sales underwent a jump…

NNR May 5, 2021

Pakistan Stock Exchange listed companies earnings grow 93%

§ Earnings of the KSE-100 Index depicted a robust trend for another quarter, rising 93% YoY / 12% QoQ during 3QFY21. Compared to 3QFY19 and 3QFY18, earnings of the index…

NNR May 4, 2021

Pakistan CPI increased by 11.1% YoY in April

Headline inflation clocked-in at 11.10% YoY in Apr-2021, compared to a 9.05% YoY increase in Mar-2021. The surge in inflation during the month is partly due to the low base…

NNR May 3, 2021

Pakistan cuts international air traffic by 80 percent to control Covid spread

ISLAMABAD: Government of Pakistan has announced to cut international flights by 80% to control the coronavirus spread in the country. Inbound air traffic will operate at 20% of the total…

NNR May 1, 2021

MSCI Semi Annual Index Review May’21

§ Pakistan’s equity market has recorded a decrease of 2.2% or 1,002pts (USD based return of +0.67%) since the last MSCI semiannual review back in Feb’21. § At present, Pakistan has a…

NNR April 30, 2021

Pak-Qatar Family Takaful Signs MoU with EasyInsurance

KARACHI: Pak-Qatar Family Takaful Limited (PQFTL) came into an agreement with EasyInsurance at a signing ceremony held in Karachi. The agreement will allow EasyInsurance to offer PQFTL Family Sehat product…

NNR April 28, 2021

Walmart has releases it’s 2020 Culture, Diversity, Equity & Inclusion Report

Walmart (NYSE: WMT) has released it's 2020 Culture, Diversity, Equity & Inclusion Report detailing progress to create greater racial equity across society and in the company. "While the work is multifaceted…

NNR April 26, 2021

dnata enhances global leadership team with key appointments

DUBAI: dnata, one of the world’s largest air and travel services providers, has enhanced its global leadership team, announcing key senior management appointments. The new set-up will help the company…

NNR April 26, 2021

Amazon Inc. invests on U.S. lawmakers; faces demands to disclose plastic footprints

Amazon Inc. is under fire with reports appearing the tech and retail giant spent $4.8 million on U.S. lawmakers to cover anticompetitive practices amid demands from shareholders that the company…

Ali Mirza April 24, 2021

Plus500 Ltd to acquire Cunningham Commodities and Cunningham Trading Systems

LONDON: Plus500 Ltd has conditionally agreed to acquire all of the membership interests of Cunningham Commodities LLC., a regulated Futures Commission Merchant (FCM), and Cunningham Trading Systems LLC. (CTS), a…

NNR April 21, 2021