May 8, 2023 - Pakistan Business News

FLASHNEWS:

Pioneer Cement Reports Earnings Decline in 3QFY24 Amidst Lower Offtakes

Maple Leaf Cement reports reduced earnings in third quarter

Tax Reversal Propels Bottom-line for Pakistan State Oil in 3QFY24

VIS Reaffirms ‘A-/A-2’ Ratings for Ashraf Sugar Mills Limited

Mughal and Amreli Steels face challenges in third-quarter earnings

Home » Archives for May 8, 2023

Day: May 8, 2023

Recursion Enters into Agreements to Acquire Cyclica and Valence to Bolster Chemistry and Generative AI Capabilities

May 8, 2023

SALT LAKE CITY and TORONTO and MONTRÉAL, May 08, 2023 (GLOBE NEWSWIRE) — Recursion (NASDAQ: RXRX), a leading clinical stage TechBio company decoding biology to industrialize drug discovery, today announced it has signed agreements to acquire two companies in the AI-enabled drug discovery space: Cyclica and Valence. “Recursion has pioneered the massive, parallel generation of […]

PPL offers Financial Support to Education Sector in Punjab, for under privileged students studying in Akhuwat College Kasur

May 8, 2023

Islamabad, May 08, 2023 (PPI-OT): Pakistan Petroleum Limited (PPL), a National E and P Company and one of the largest corporate donors has recently funded a science laboratory at Akhuwat College in Kasur to facilitate hands-on science-based teaching an…

Women Parliamentarians to make joint efforts for economic empowerment of women

May 8, 2023

Lahore, May 08, 2023 (PPI-OT): A concrete plan for economic empowerment of women would be derived in the joint meeting of women parliamentary secretaries to be called soon at Islamabad. It was disclosed by Dr. Shahida Rehmani, Parliamentary Secretary, …

PMI’s Sustainability Strategy Takes Centre Stage in 2022 Integrated Annual Report

May 8, 2023

Islamabad, May 08, 2023 (PPI-OT): Philip Morris International (PMI) has published its 2022 Integrated Annual Report, highlighting progress against its sustainability targets and commitments. The report outlines PMI’s continued evolution into a science-…

AKD Securities Limited – AKD Technical Daily (08 May 2023)

May 8, 2023

Karachi, May 08, 2023 (PPI-OT): KSE-100 – Remains bullish amidst good volumesThe index opened on a positive note and faced a volatile session in the last trading session. The local bourse posted an intraday high of 230pts, a low of 131pts and concluded…

AKD Securities Limited – AKD Daily (08 May 2023)

May 8, 2023

Karachi, May 08, 2023 (PPI-OT): Pakistan Cement: Dispatches remained dampen in Apr’23, down 17.5%YoYDomestic cement dispatches for April’23 clocked in at 2.53mn tons, down 24.6%/25.1% MoM/YoY. Region-wise, North offtakes decreased by 22.5%/24.8% MoM/Yo…

JS Securities Limited – Pakistan Market: Technical Outlook (08 May 2023)

May 8, 2023

Karachi, May 08, 2023 (PPI-OT): KSE-100; Consolidation likelyKSE-100 index witnessed another positive session to close at 42,242, up 148 points DoD. Volumes stood at 178mn shares versus 255mn shares traded previously. The index is likely to face resist…

JS Securities Limited – JS Research (08 May 2023)

May 8, 2023

Karachi, May 08, 2023 (PPI-OT): 9MFY23 Primary balance – 44% below IMF targetPakistan’s budget deficit contracted to 1.7% of GDP in 3QFY23 (from 1.8% in the 3QFY22). In absolute terms the deficit expanded 17% YoY for 3QFY23 – 20% YoY for 9MFY23 (3.7% o…

India’s Minister of Foreign Affairs lacks diplomatic skills

May 8, 2023

Islamabad, May 08, 2023 (PPI-OT): Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Monday said the Indian Foreign Minister lacks diplomatic norms. Following the Shanghai Cooperation Organization (SCO) mee…

Taurus Securities Limited – Market Roundup (08 May 2023)

May 8, 2023

Karachi, May 08, 2023 (PPI-OT): KSE-100 gained 148 points yesterday, to close at 42,242 with 177Mn shares being traded. Top performance as per price change was witnessed in SNGP, POML and FABL. Top decliners PGLC, MUREB and SCBPL. Activity was mainly c…