Web Desk
Karachi, March 30, 2023 (PPI-OT): As part of its effort to offer maximum convenience to its consumers and ensure uninterrupted power supply to the city, K-Electric continues to take various measures, including setting up night facilitation’s camps, conducting anti-power theft drives, and disconnecting defaulters’ power supply in various parts of the city. K-Electric has recently…
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Lahore, March 30, 2023 (PPI-OT): National Transmission and Despatch Company (NTDC) High Voltage and Short Circuit Lab Faisalabad has been granted the status of Internationally Accredited Lab for the period of three years. Deputy Director General (PNAC) Mr. Ateeq-ur-Rehman Memon handed over the accreditation certificate to Engr. Bashir Ahmed, Chief Engineer HV and SC Lab…
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Karachi, March 30, 2023 (PPI-OT): Bank Alfalah, a leading commercial Bank in Pakistan and SAWiE, a digital platform offering smart farm advisory services to smallholder farmers, signed an MoU to promote climate-smart agriculture practices within Pakistan. Under this MoU, SAWiE will leverage its systems to combine geospatial data with machine learning and AI applications to…
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Karachi, March 30, 2023 (PPI-OT): Emirates and United have activated their codeshare partnership, allowing Emirate’s customers to enjoy easier access to an expanded choice of U.S. destinations. Starting today, Emirate’s customers will be able to fly to three of the nation’s biggest business hubs – Chicago, Houston or San Francisco – and connect easily to…
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Karachi, March 30, 2023 (PPI-OT): Banks: Dissecting CY22 loan growth and asset quality In the midst of a sharp monetary tightening cycle and macro challenges, banking sector regulations were revised with the objective of discouraging lower ADR. This led to banks cherry-picking deposits in CY22, resulting in 14-year low deposit growth at 7% YoY while…
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Karachi, March 30, 2023 (PPI-OT): KSE-100; A reversal formation KSE-100 index posted a loss of 202 points to close at the 39,880 level. Volumes stood at 109mn shares versus 87mn shares traded previously. An Engulfing Bear has occurred in a downtrend which indicates a bullish reversal, though requires confirmation. Meanwhile, a fall below 39,845 will…
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Karachi, March 30, 2023 (PPI-OT): KSE-100 lost 202 points yesterday, to close at 39,880 with 109Mn shares being traded. Top performance as per price change was witnessed in SHFA, JVDC and ATLH. Top decliners PSEL, PAKT and PIBTL. Activity was mainly concentrated in Technology, Miscellaneous and Banks.
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