Web Desk
Karachi, January 20, 2023 (PPI-OT): Cement: December dispatches marginally down MoM; 2QFY23 still reports 26% QoQ jump Cement dispatches for Dec-22 clocked in at 3.9mn tons (-16% YoY), taking cumulative dispatches for 2QFY23 to 12.1mn tons, down 17% YoY. Dispatches for 2QFY23 however jumped 26% QoQ, as the Sep-quarter had the impact of monsoon and…
Read MoreWeb Desk
Karachi, January 20, 2023 (PPI-OT): KSE-100; Recovery trend remains intact Recovery movement continued for the KSE-100 index as it gained 40 points DoD to close at 38,832. Volumes stood at 158mn shares versus 153mn shares traded previously. The initial target seems to be at 39,389, which could later extend to 40,089. However, any downside will…
Read MoreWeb Desk
Karachi, January 20, 2023 (PPI-OT): KSE-100 gained 40 points yesterday, to close at 38,832 with 158Mn shares being traded. Top performance as per price change was witnessed in PPL, TRG and AIRLINK. Top decliners RMPL, KTML and HMB. Activity was mainly concentrated in Technology, E and Ps and OMCs.
Read MoreWeb Desk
Islamabad, January 20, 2023 (PPI-OT):Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Friday said it is impossible to stabilize the rupee in the presence of a broken economy. Oil price freeze by the former government and efforts to stabilize the rupee and bring down the value of the…
Read MoreWeb Desk
Islamabad, January 20, 2023 (PPI-OT):The Pakistan Economy Watch (PEW) on Friday said packages are given to the poor in western countries but billionaires get support packages in Pakistan. The sole purpose of packages doled out to the rich is to increase their fortunes on the cost of the poor, it said. Masses are always told…
Read MoreWeb Desk
Karachi, January 20, 2023 (PPI-OT):Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said Saudi Arabia has asked Pakistan to initiate reforms before obtaining a loan that has sounded an alarm bell for Pakistan. Pakistan urgently needs loans…
Read MoreWeb Desk
Karachi, January 20, 2023 (PPI-OT):The Union of Small and Medium Enterprises (UNISAME) has felicitated Farhan Aziz Khawaja, a Grade-22 officer for his appointment as the chief executive officer (CEO) of the Small and Medium Enterprises Development Authority (SMEDA), a statement said on Thursday. UNISAME President Zulfikar Thaver congratulated Farhan Khawaja on his appointment and wished…
Read More