Corporate announcements on Pakistan Stock Exchange (PSX)
KARACHI: Profit repatriation out of Pakistan has declined from average $135 million/month during FY22 to $30 million/month during 7MFY23 (July-January 2022-23) over efforts to contain SBP foreign exchange reserves. In January 2023 alone, repatriation declined to all-time low at $2.9…
KARACHI, PAKISTAN: Pakistan Automotive Manufacturing Association (PAMA) has released the sales and production data for the month of Feb’23, where car sales are down by 40% MoM to clock in at 3,642 units. The decline in sales is mainly due…
KARACHI: Pakistan’s listed food companies’ annual revenues have expanded by 34% YoY, which analysts believe is a result of higher unit prices. To recall, CPI inflation during CY22 averaged at 20%, while higher inflation, import restrictions and sharp currency devaluation…
KARACHI, PAKISTAN: The bottom-line profitability of Pakistan Stock Exchange (PSX) benchmark KSE-100 index grew by 12% YoY in 1HFY23 to Rs522 billion. Index heavyweight, E&Ps and Banking, drove the bulk of the growth during the period as their profits rose…
KARACHI, PAKISTAN: Pakistan Petroleum Limited (PPL) has once again been adjudged as one of the largest corporate givers by volume of donations for 2020-21 and 2021-22 by Pakistan Centre for Philanthropy (PCP). This is the 18 th consecutive year since…
ISLAMABAD, PAKISTAN: The Securities and Exchange Commission of Pakistan (SECP) has issued draft Shariah Governance Regulations, 2023, primarily to remove bottlenecks in product development and simplify the Shariah screening criteria and stock screening process. The draft regulations, which have been…
KARACHI, PAKISTAN: Sindh Engro Coal Mining Company (SECMC) and Power Cement has signed a memorandum of understanding (MOU) for a trial run of Thar coal for cement production in their manufacturing unit. The memorandum was signed by Sindh Engro Coal…
KARACHI, PAKISTAN: After implementing the PRIDE system, which automated the listing process for debt and equity issues, Pakistan Stock Exchange (PSX) has gone live with Public PRIDE which is a one-stop solution focused on investors for all information on upcoming…
KARACHI, PAKISTAN: The capital market entities, banks and State Bank of Pakistan (SBP) marked the launch of the Roshan Equity Investment (REI), a product offered to non-resident Pakistanis under the umbrella of Roshan Digital Account introduced by State Bank of…
KARACHI, PAKISTAN: Paymob and Pakistan Freelancers Association (PAFLA) signed a memorandum of understanding (MOU) to facilitate payments acceptance for freelancers in Pakistan. The MOU will allow freelancers to seamlessly accept payments in a secure ecosystem via the Paymob payments gateway….
ISLAMABAD, PAKISTAN: Paymob has signed a memorandum of understanding (MoU) with medIQ Smart Healthcare, Pakistan’s first integrated virtual care platform, to drive financial inclusion and lead the way for swift payment acceptance. Paymob is the leading financial services enabler delivering…
KARACHI, PAKISTAN: In a revolutionary move forward, Pakistan Stock Exchange (PSX) has digitised the process of listing through an online portal called PRIDE, i.e. Public Offerings Revolutionized through an Integrated and Digitized Experience. The online portal is designed to automate…