Author: Maryam Asrar

Fauji Cement Company Limited (FCCL) recorded a 13% increase in quarterly profit, reaching Rs. 2.61 billion. Their net sales also surged by 38.2% to Rs. 20.3 billion in the first quarter of FY24.

Pakistan’s Ministry of Information Technology is actively working on integrating international payment gateways like PayPal and Stripe to enhance the country’s IT industry. They are also launching the Pakistan Startup Fund to attract venture capital and foster the startup culture.

United Bank Limited (UBL) achieved a record nine-month profit of Rs. 42 billion, marking a significant 126% increase year-on-year, driven by higher net interest income and provisioning reversals. UBL’s dividend announcement of Rs. 11 per share further solidifies its reputation as a top dividend payer in the banking industry.

Zong 4G in Pakistan has swiftly risen as a premier international roaming provider, tripling its revenue within a year by offering tailored packages for 150+ countries and a range of prepaid bundles. Their customer-centric approach and extensive partner network have set them apart, making them the country’s fastest-growing international roaming provider.

Atlas Honda Limited (ALTH) in Pakistan achieved a remarkable 152% year-on-year profit increase in Q1 2023-24, with an after-tax profit of Rs1.956 billion. This growth led to an EPS of Rs15.77 and a significant interim cash dividend of Rs17 per share.

Saim Ayub made history by achieving both a century and a double-century in the final, with a remarkable 109 runs in Karachi Whites’ second innings.

IMC in Pakistan cuts car prices as the Rupee strengthens, making Toyota vehicles more affordable.

Habib Metropolitan Bank (HMB) has reported strong financial results for the first nine months of 2023 (9MCY23), with a significant profit increase of 82.72% compared to the same period last year. The bank’s net interest income (NII) surged, driven by increased interest earnings, while it also experienced growth in non-markup income.

Fauji Foods Limited (FFL) has posted a profit of Rs. 38.6 million for the quarter ending September 30, 2023, marking a significant improvement compared to the loss incurred in the same period the previous year. The company’s financial performance has been bolstered by increased revenue and cost-efficiency measures.

Radboud University in the Netherlands is providing fully funded scholarships, including to students from Pakistan, covering tuition and living expenses, facilitating global education and diversity.