FLASHNEWS:

Day: May 2, 2023

PSO dominates a challenging energy market

Karachi, May 02, 2023 (PPI-OT):Pakistan State Oil (PSO) exhibited exceptional resilience and reported a net profit of PKR 10.3 billion (9MFY22: PKR 64.8 billion) with Earnings Per Share of PKR 21.9. The company’s strong operational performance and stra…

Inflation is falling in tens of countries, increasing in Pakistan

Islamabad, May 02, 2023 (PPI-OT): Saifuddin Sheikh, Executive Director of Pakistan Economy Watch (PEW) on Tuesday said inflation is decreasing in dozens of countries, but it is increasing continuously in Pakistan and there is no possibility of a reduct…

Pakistan’s battered currency is slowly recovering

Islamabad, May 02, 2023 (PPI-OT):Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Tuesday said the country’s ruined currency is recovering slowly which is encouraging. If the IMF loan is received, the rec…

Faysal Bank Posts 51% Profit Growth in Q1 2023

Karachi, May 02, 2023 (PPI-OT):Faysal Bank Limited, one of the prominent Islamic banks in Pakistan, has shown exuberant performance in the first quarter of the year, reflecting its strong business fundamentals and prudent risk management.According to t…