Lahore, The governing body of the Lahore Development Authority (LDA) has sanctioned a proposal to transfer the enforcement function, specifically related to parking lots and the right of way, from the LDA’s town planning wing to the Traffic Engineering…
Day: November 13, 2023
VIS Reaffirms Servo Motor Oil’s Ratings with Stable Outlook Amid Industry Challenges
Karachi, VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Servo Motor Oil (Private) Limited (SMOPL) at ‘BBB/A-2’, indicating adequate credit quality and good certainty of timely payment with a stable outlook. This rating ref…
PACRA Maintains Ratings for Glamour Textile Mills Amid Textile Industry Challenges
Lahore, The Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of Glamour Textile Mills Limited (GLMT), reflecting its adequate market share in Pakistan’s textile spinning industry. Despite challenges such as raw material a…
CDA Establishes Facilitation Centre for Fast-Track Building Plan Approvals
Islamabad, The Capital Development Authority (CDA) Board has approved the establishment of a facilitation centre to expedite the approval process for building plans. This initiative is aimed at significantly reducing the time frame for endorsing both r…
CBD CEO Conducts Surprise Inspection of Strategic Development Projects in Lahore
Lahore, Imran Amin, CEO of the Central Business District (CBD), conducted an unannounced visit to assess the progress of key development projects in Lahore. This inspection aligns with the directives of Chief Minister Mohsin Naqvi and is part of an eff…
Emirates Leads Spectacular Opening Flypast at Dubai Airshow 2023
Dubai, Emirates Airline headlined the stunning opening flypast at the Dubai Airshow 2023, symbolizing the UAE’s aviation prowess. The iconic Emirates A380, the world’s largest commercial passenger aircraft, led the commercial aerial formation, followed…
Sheikh Mohammed bin Rashid Al Maktoum Visits Emirates at Dubai Air Show 2023
Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Ruler of Dubai, made a notable visit to the Emirates booth on the opening day of the 2023 Dubai Air Show. The visit highlighted Emirates’ advancements in employee trainin…
Descon Engineering Awarded Construction of Carbon Clean Technology Pilot Project by FERTIL
Abu Dhabi, Descon Engineering’s Industrial Services Division (ISD) in the UAE has been selected as the construction partner for FERTIL’s Carbon Clean Technology Pilot Project, CycloneCC. The project, located at FERTIL’s nitrogen fertilizer plant in Ruw…
Dividend stocks with the lens of capital gains
November 13, 2023 (JS Research)Given recent outperformance of dividend plays (+17%) vs KSE100 (14%), we present a sensitivity of required dividend yields on stocks further receding, leading to capital gains opportunity in key dividend plays in our cove…
Pakistan Market: Technical Outlook
November 13, 2023 (JS Research)KSE-100 closed above the 55k level; ‘Positive’Bulls continued to dominate the session as KSE-100 index gained 1,130 points to close at 55,391. Volumes improved to 641mn shares from 483mn shares traded previously. The inde…