Karachi, The SITE Association of Industry (SAI) in Karachi has convened an emergent meeting to discuss the recent substantial hike in industrial gas tariffs, a change they argue renders local industries nonviable. The increase in tariffs is feared to l…
Month: November 2023
HBL Launches Islamic Prestige Lounge in Rawalpindi
Karachi, HBL has inaugurated its eighth Islamic Prestige Lounge at GPO Haider Chowk in Rawalpindi, expanding its exclusive banking services for high-net-worth individuals. This new addition to HBL’s Prestige network, which now spans across 17 cities in…
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…
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…
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…
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…
Mobilink Bank Triumphs at Veon’s Ignite Awards in Istanbul
Islamabad, Mobilink Bank, a prominent digital microfinance bank in Pakistan, marked a significant achievement at the Veon’s Ignite Awards in Istanbul, winning in three major categories: ‘Double-Digit Growth’, ‘Financial Services’, and ‘Diversity and In…