January automobile sales likely to post 44% growth
Pakistan’s auto sales (cars, LCVs and jeeps) are likely to post stunning growth of 44% YoY in January, 2021. The sales estimates exclude KIA and...
Pakistan Fertilizers: All about “Yields”
Agriculture and fertilizer sector remained strong during the COVID-19 crisis. Despite challenges on supply chain front global fertilizer offtake witnessed growth of ~2% during FY20....
Pakistan CPI falls to 5.65% YoY during January
Headline inflation declined to 5.65% YoY (down 0.21% MoM) in January, compared to 7.97% YoY in December, beating market expectations of around 6.0% YoY. Most...
Orascom Construction gets $920 million new contract awards for Q4 2020
DUBAI: Orascom Construction (OC) announced that it has added approximately USD920 million of new awards to its backlog in Q4 2020. This brings total new...
PSX 2nd best performing market in the region
Pakistan stock market emerges as 2nd best performing market in the region and 7th best performing market in the world. Historically we have seen healthy...
Visa eCommerce Summit declares digitally-enabled businesses best positioned for growth
DUBAI: Building on the surge in digital commerce since the start of the pandemic, Visa (NYSE: V), the world leader in digital payments, hosted the...
Headline inflation expected at 5.87% YoY in Jan’21
We expect Jan’21 inflation to settle at 5.87% YoY compared to 14.56% in Jan’20 and 7.97% in Dec’20, respectively. This will take the 7MFY21 average...
Hamid Mir’s Safe Solar Pvt Ltd gets tariff for its 10MW solar power plant
KARACHI: National Electric Power Regulatory Authority (NEPRA) has awarded a 25-year levelized tariff of Rs6.425/kwh to Hamid Mir sponsored Safe Solar Pvt Ltd for its...
Ministry of Finance: Economic Outlook Jan-2021
The Finance Ministry (Economic Adviser’s Wing), has shared the latest edition of Monthly Economic Update and Outlook for January 2021. We highlight some key points...
Refinery: Improving Fundamentals amid change in Price Mechanism
National Refinery Ltd. (NRL) announced its financial result for 2QFY21, where the company reported a Loss After Tax of PKR823mn (LPS: PKR10.29) as against Loss...
Ofgem proposes to fine Symbio Energy £100,000
LONDON: Ofgem proposes to fine Symbio Energy £100,000, reduced to £85,000 if Symbio agrees to settle, for making four late payments into Government renewables schemes,...
Emirates Islamic posts total income of AED2.1 billion in 2020
DUBAI: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, announced its full-year financial results for 2020 with the Bank reporting a...