Lahore, July 30, 2021 (PPI-OT): The ratings take comfort from Honda Centre’s dealership status with Honda Atlas Cars Pakistan Limited owned by Atlas Group and Honda Motor Company Limited, Japan. Honda Centre (Pvt) Limited is among the largest authorized 3S dealership for Honda Atlas Cars Pakistan Limited in Pakistan. Honda Centre has been in the […]
Month: July 2021
PACRA Maintains Entity Ratings of Engro Fertilizers Limited
Lahore, July 30, 2021 (PPI-OT): Pakistan has an agrarian economy, thus fulfills around ~84% of its fertilizer requirement through local production while the remaining is met through imports. The country’s total fertilizer production capacity sails around ~ 6.9mln MT of Urea and ~ 1.7mln MT of DAP, NP, and NPK. In 5MCY21, Urea’s offtake stood […]
HBL and PayFast Partner to Enable Card-less E-Commerce Transactions
Karachi, July 30, 2021 (PPI-OT): HBL, Pakistan’s largest commercial bank, has gone live with PayFast, Pakistan’s first commercially licensed payment gateway and fifth PSO/PSP overall, to facilitate card-less e-commerce payments (Mobile / Electronic Commerce Payments). Under this partnership, HBL will empower its vast portfolio of e-commerce merchants on HBL Pay (IPG) to accept payments directly […]
Envoy asks business community to focus on Morocco for boosting exports to North Africa
Islamabad, July 30, 2021 (PPI-OT): The Pakistani business community should focus on Morocco for boosting exports to North African countries as African region offers great potential to Pakistan for promoting trade and economic relations. This was observed by Hamid Asghar Khan, Pakistan’s Ambassador to Morocco while interacting with entrepreneurs during his visit to Islamabad Chamber […]
JS Securities Limited – JS Research(30-07-2021)
Karachi, July 30, 2021 (PPI-OT): EFERT: A lacklustre second half ahead Engro Fertilizer (EFERT) announced its 2QCY21 result yesterday wherein the company posted after tax profit of Rs4,810mn (EPS of Rs3.6) during the quarter vis-a-vis PAT of Rs3,886mn (EPS of Rs2.9) in 2QCY20, reflecting an increment of 24% YoY. Along with the result, the company […]
JS Securities Limited – Pakistan Market: Technical Outlook(30-07-2021)
Karachi, July 30, 2021 (PPI-OT): KSE-100; Restricted upside The KSE-100 index after hitting a low of 46,955 (-363 points) bounced back to close at 47,312, down 6 points. Volumes stood at 376mn shares as compared to 366mn shares traded previously. The index is expected to test support at yesterday’s low where a fall below will […]
Taurus Securities Limited – Market Roundup (30-07-2021)
Karachi, July 30, 2021 (PPI-OT): KSE-100 lost 6 points yesterday, to close at 47,312 with 376Mn shares being traded. Top performance as per price change was witnessed in JDWS, THAL and ATLH. Top decliners HCAR, PSMC and ANL. Activity was mainly concentrated In Technology, Refinery and Foods.
Prime Minister should listen to the stance of sugar millers: Mian Zahid Hussain
Karachi, July 30, 2021 (PPI-OT): Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said sugar industry is facing negative and destructive propaganda which is also reflecting in critical decisions by authorities. The price of sugar has not […]
Shell, Uber and Muawin Collaborate for Innovative Fuel Management Solutions
Karachi, July 30, 2021 (PPI-OT): Shell Pakistan Limited collaborated with Uber and Muawin by Cashew Financial Services, to deliver a fuel management solution with unparalleled features to Uber partner drivers. Through this collaboration, Uber partner drivers will get access to fuel financing from Muawin by Cashew Financial Services, to fulfill their mobility needs at Shell. […]
HBL delivers strong performance for H1 2021; Profit up by 21% to Rs 31.2 billion as the Bank accelerates its Digitalization Journey
Karachi, July 30, 2021 (PPI-OT): HBL today declared its H1 2021 results, continuing its momentum from the previous quarter and growing its consolidated profit before tax (PBT) for Q2 2021 by 15% over Q1 2021. Total PBT for H1 2021 increased by 21% to Rs. 31.2 billion. HBL’s profit after tax crossed Rs. 18.0 billion, […]