Web Desk
Lahore, March 18, 2023 (PPI-OT): Descon Engineering Ltd. is Pakistan’s leading engineering enterprise. The Company, Descon Engineering Ltd., has a deep understanding of and expertise in sectors like Oil and Gas, Cement, Power, Hydro Power, and Renewable Energy, to name a few. The Company carries a specialization in EPC, Infrastructure, Construction, and Manufacturing apart from…
Read MoreWeb Desk
Lahore, March 18, 2023 (PPI-OT): ASA Microfinance Bank (Pakistan) Limited (or the ‘Company’) received MFB license but will start operating as MFB after approval of COB from SBP. The Company was formed with a primary focus on women’s empowerment, stemming from the ASAI group’s focus on female entrepreneurs and the financial wellness of the rural…
Read MoreWeb Desk
Lahore, March 18, 2023 (PPI-OT): Pakistan’s ethanol industry is largely export based owing to meager domestic consumption. The Country’s ethanol exports witnessed ~10% during MY22 from 353,937MT during MY21 due to higher molasses production and better recovery. Prices in the global market have been high, on the back of spike in ethanol demand, despite unsteady…
Read MoreWeb Desk
Lahore, March 18, 2023 (PPI-OT): Maksons Textile (Private) Limited (Maksons) is a private limited company incorporated in May 2000. The assigned ratings incorporate a comprehensive operating track record with a modest presence in the textile sector. Maksons Textile (Pvt.) Limited is a venture of a group of four family members who are shareholders of Al-Tariq…
Read MoreWeb Desk
Karachi, March 17, 2023 (PPI-OT): IMF delay continues to burden KSE100, down 1% WoW After a stable start to the week, KSE100 closed in negative territory as delay in IMF continued to prolong, hinged upon formal assurances from friendly countries. The market closed at 41,330 points, down 1.1% WoW where sector wise E and Ps…
Read MoreWeb Desk
Karachi, March 17, 2023 (PPI-OT): 15-month low oil prices bring hope for Pak macros With an average oil price of US$100 per bbl in CY22, Oil prices (Brent) have been hovering in the range of US$75 – US$85 since the past 5 months, with current prices below ~US$75 per bbl; for the first time in…
Read MoreWeb Desk
Islamabad, March 18, 2023 (PPI-OT): Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry said that a secure and peaceful environment is the key requirement to promote business and investment activities and stressed that Islamabad Police should take ICCI on board to further improve the security situation in the Capital in order to boost…
Read More