Karachi: A significant proposal by the Oil and Gas Regulatory Authority (OGRA) aims to increase the margins for Oil Marketing Companies (OMCs) by 17%, a move that could notably enhance the financial outlook for the sector in the upcoming fiscal years.A…
Karachi: Ghani Global Glass Ltd. (GGGL) revealed a notable increase in earnings for fiscal year 2024 during its latest analyst briefing, driven by a significant rise in other income and robust sales in its specialized glass tube segments.According to A…
Karachi: Engro Fertilizers Ltd. (EFERT) reported a decline in its earnings for the third quarter of 2024, with earnings and dividends falling short of expectations due to lower sales volumes and increased financial charges.According to AKD Securities L…
Karachi: The Karachi Stock Exchange’s KSE-100 index witnessed a decline, closing down 222 points at 85,261 amidst a trading volume of 477 million shares. The downturn was mirrored by notable shifts in various sectors, with technology, power, and refine…
Karachi: Pakistan’s auto sector experienced a significant downturn in September 2024, with overall sales falling by 16% year-on-year to 11,692 units. The sharp decline was primarily due to an 80% drop in tractor sales, underscoring challenges within th…
Karachi: In a recent development, HUBC has resolved to initiate a ‘Negotiated Settlement Agreement’ with relevant authorities following an emergency board meeting. This decision emerges amidst ongoing financial discussions involving overdue payments an…