KARACHI: Pakistan Petroleum Limited (PPL) has announced 18 per cent growth in net profit of the first quarter ended September 30, 2021. The company announced profit after tax of Rs16.86 billion during the first quarter (July – September) of the current fiscal year as compared with Rs14.32 billion in the corresponding period of the last […]
KARACHI: Engro Corporation Limited has posted a significant 23 per cent growth in consolidated revenue for the nine-month period ended on September 30, 2021. Pakistan’s premier conglomerate, Engro Corporation (PSX: ENGRO) announced its financial results for the third quarter ended September 30, 2021. Engro delivered a strong operational performance in first nine months of 2021 […]
KARACHI: Bestway Cement Limited on Friday announced to set up a Brownfield cement plant and a 6.4 MW off-grid solar power plant. The company in its material information shared with Pakistan Stock Exchange (PSX) stated that in view of increasing demand for cement in the country, Bestway Cement Limited decided to set up a Brownfield […]
KARACHI: Oil and Gas Development Company Limited (OGDCL) on Thursday announced the discovery of huge deposits of gas reserves in the province of Balochistan. In a communication shared with Pakistan Stock Exchange (PSX) and London Stock Exchange, the company said that OGDCL, being operator of Jandran West Exploration License with 100 per cent interest, had […]
Central Depository CompanyKARACHI: Pakistan Petroleum Limited (PPL) & ITMinds Limited (ITMinds), a wholly owned subsidiary of Central Depository Company of Pakistan Limited (CDCPL), have signed an agreement enabling ITMinds to provide Back Office Accounting Services for PPL’s Retirement Funds. This is a continuation of an earlier arrangement between ITMinds and PPL through which ITMinds had been successfully […]
ISLAMABAD: The government on Saturday increased the price of petrol to a record high at Rs137.79 per liter. The government announced to increase prices of all petroleum products with effect from October 15, 2021. The price of petrol has been increased by Rs10.49 to Rs137.79 from Rs127.30 per liter. The price of High Speed Diesel […]
State Bank of PakistanKARACHI: The State Bank of Pakistan (SBP) has relaxed financing conditions to promote investment in renewable energy solutions by companies. The SBP in a statement on Monday said that it had softened the conditions for renewable energy solution providers under its Refinance Scheme for Renewable Energy. Now, all Renewable Energy Investment Entities (RE-IEs) interested in […]
ISLAMABAD: The federal government has slashed the sales tax on supply of petrol to 6.84 per cent from 10.54 per cent. The Federal Board of Revenue (FBR) has issued SRO 1327(I)/2021 dated October 7, 2021 to revise the rates of sales tax on petroleum products. According to the latest notification the new sales tax rates […]
ISLAMABAD: Finance Minister Shaukat Tarin on Friday defended the hike in prices of petroleum products effective from October 01, 2021. He said that the government was absorbing the impact of the decade’s highest price-hike at international level to provide relief to people through various measures including direct food subsidy to the poor. Addressing a news […]
KARACHI: Pakistan oil sales have increased by 26 percent Year on Year (YoY) to 1.93 million tons in September 2021 as compared with 1.52 tons in the same month of the last year, a report suggested on Friday. The same is likely to remain largely similar on a Month on Month (MoM) basis due to […]