Islamabad, Oct 17: A meeting was held under the chairmanship of Muhammad Ali Randhawa, Chairman of the Capital Development Authority (CDA), to discuss the launch and progress of two major upcoming infrastructure projects: the Serena Chowk Interchange and the F-8 Interchange at PTCL. The meeting was attended by the relevant CDA members, relevant officers, and contractors involved in the execution of the projects. During the meeting, it was briefed that the surveys for both interchanges have been completed, and the relocation of utilities for the Serena Chowk Interchange is currently underway. Chairman CDA stressed the importance of adhering to the…
Author: Mawadat Fatima
Islamabad, Oct 17: The issue of GoP Ijarah Sukuk (GIS) through the Capital Market Infrastructure, the Pakistan Stock Exchange (PSX) announced on Thursday a significant milestone achievement that crossed the Rs. 1.0 trillion barriers. This innovation came about as a result of the 13th GIS auction’s successful conclusion on September 16, 2024, which raised an extra PKR Rs. billion for the Ministry of Finance. Since the GIS Auctions began at PSX on December 8, 2023, the banks, mutual funds, and brokerage community have participated in large numbers, and each auction has helped to expand the market for government securities based…
Islamabad, Oct 17: SEARL Denies Majority Stake Acquisition in Abbott Laboratories Abbott Laboratories’ 51 percent ownership has not piqued the attention of The Searle business Limited (PSX: SEARL), the business said on Thursday to the primary exchange. “We vehemently refute this allegation and would like to make it clear that the Company has not discussed, engaged in negotiations, or expressed any interest in Abbot Laboratories or any potential acquisition of its stake,” the stock filing said. “We recommend that the public and all of our esteemed stakeholders depend solely on official announcements made by the Company through the Pakistan Stock…
Islamabad, Oct 17: DG Khan Cement Achieves 22% Profit Growth in Q1 FY25 With a profit of Rs. 804 million (EPS: Rs. 1.84), up 22% from earnings of Rs. 661 million (EPS: Rs. 1.51) in SPLY, DG Khan Cement Company Limited (DGKC) revealed its financial results for 1QFY25 today. Topline during 1QFY25 arrived at Rs. 15,301 million, depicting a fall of 7 percent YoY in contrast to Rs. 16,517 million in SPLY, on the back of lower domestic dispatches falling by 22 percent YoY, arriving at 746k tons, according to Arif Habib Limited. Gross margins for 1QFY25 slightly improved by…
Islamabad, Oct 17: Pak Elektron Limited Achieves 97% Profit Growth in Nine Months Pak Elektron Limited (PAEL) announced its 3Q2024 result wherein it posted earnings of Rs. 448 million (EPS of Rs. 0.52) up by 7 percent YoY and down by 54 percent QoQ. PAT for the 9th quarter of 2024 was Rs. 1.863 billion, up 97% year over year. In a study published on Thursday, Topline Securities stated that lower-than-expected revenue was the reason for lower-than-expected earnings. In 3Q2024, earnings increased by 7% YoY primarily as a result of higher net revenue and a reduced effective tax rate during…
Islamabad, Oct 17: Gold Price in Pakistan Hits Record High as International Prices Surge The price of gold in Pakistan rose for the second consecutive day on Thursday and surged to a new all-time high. Data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) shows that the price of 10 grams of gold increased by Rs. 600 to Rs. 238,254, while the price of 24 carats of gold increased by Rs. 700 per tola to Rs. 277,900. The price of the precious metal broke the previous record of Rs. 277,000 per tola set in late September, rising by…
Islamabad, Oct 17: Walk-in Interviews for Pakistani Nurses to Work in Saudi Arabia Overseas Employment Corporation (OEC) an attached department of the Ministry of Overseas Pakistanis and Human Resource Development (OP&HRD) would export the female nurse workforce to the Kingdom of Saudi Arabia on an urgent basis, in this regard, Walk-in Interviews would be held in Lahore on October 21. An official source told APP here on Thursday, he said that the demand for the Pakistani workforce especially in the medical and industrial sectors increasing in the Arab Countries. He said, “Our esteemed client, The Ministry of (MoH) in the…
Islamabad, Oct 17: Chief Minister Khyber Pakhtunkhwa Sardar Ali Amin Khan Gandapur visited Jalozai in District Nowshera on Wednesday where he inaugurated the low-cost housing scheme (residential apartments) under the Naya Pakistan Housing Program (NPHP). This housing scheme, covering an area of 150 kanal, has an estimated cost of Rs. 3.3 billion. The scheme would have a total of 1,320 apartments, each with a covered area of 780 square feet. The scheme is specifically designed for people with a monthly income of less than Rs. 50,000. The eligibility criteria (monthly income) are verified by NADRA and the Naya Pakistan Housing…
Islamabad, Oct 17: The Suzuki Every, which made its debut in Pakistan last week on October 12, 2024, is currently available for reservations. When making a reservation, you must pay the entire amount up front if you want to buy one. Although the delivery procedure is rather simple, clients must make advance arrangements. The business projects a delivery date of roughly two months after you’ve made the whole payment. Suzuki strives to fulfill the two-month delivery window for the majority of orders, while this timeframe may somewhat change based on demand and other logistical considerations. The costs for the two…
Islamabad, Oct 17: Yamaha Interest-Free Installment Plan Launched Together with Yamaha Pakistan, MCB Bank is providing an alluring zero-markup financing option for Yamaha motorcycles. Yamaha Interest-Free Installment customers can buy any Yamaha motorcycle—YBR or YBZ—and spread the payment over a six-month period without incurring additional interest. For individuals who would like to upgrade to a Yamaha without having to make a one-time investment, this offer offers a financial buffer. Offer Details 0% Markup for Six Months: Customers may take advantage of this deal by paying in six installments at no additional cost. This is a great chance for anyone hoping…
