Karachi: MCB Bank Ltd (MCB) today announced its financial results for the second quarter of 2024, posting a net profit after tax (NPAT) of PKR 15.4 billion and maintaining a steady dividend payout of PKR 9 per share. Despite a slight decline in quarter…
Islamabad: Secure Logistics Group Ltd. (SLGL) today reviewed its performance for the first half of 2024 and discussed future plans in an analyst briefing hosted by AKD Securities Limited. The company reported a 12% increase in revenue, reaching PKR 1.2…
Karachi: Cement dispatches for July 2024 registered a 6.8% year-on-year decline, totaling 3.01 million tons due to a slowdown in construction activities influenced by high costs and elevated interest rates. Additionally, protests by cement retailers ag…
Karachi: Engro Fertilizers Ltd. has initiated an unscheduled five-day maintenance shutdown at its base plant, which is anticipated to affect its urea production and earnings slightly.According to AKD Securities Limited, the temporary closure is expecte…
Karachi: The recent appreciation of the Japanese Yen is anticipated to have a minimal impact on the profit margins of Pakistani automobile original equipment manufacturers (OEMs), despite potential increases in manufacturing costs.According to AKD Secu…
Kohat: MOL Pakistan, operating within the TAL Block, has made a noteworthy discovery at the Kawagarh-1 formation through the Razgir-1 exploratory well. This discovery has resulted in a production of 159 barrels per day of condensate and 16.4 million cu…