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Honda Pakistan has reduced the prices of its entire vehicle range by up to Rs. 300,000, reflecting the stronger Pakistani Rupee against the US Dollar, delivering good news for Honda enthusiasts. The updated ex-factory prices offer more affordability for Honda cars.

In the first quarter of fiscal year 2024, Mari Petroleum (MARI) achieved its highest-ever quarterly profit of Rs. 19.1 billion, a 51% YoY increase, driven by increased oil and gas production, wellhead price hikes, and currency depreciation. Earnings per share also rose to Rs. 143.5 from Rs. 95.31.

PNSC’s latest financial statement shows a rise in profit, reaching Rs6.27 billion, despite a decrease in revenue. Cost reductions and increased other income played a key role in driving this growth.

Standard Chartered Bank Pakistan achieved a record profit, with a substantial increase in income and efficient cost management during the nine months ending September 30, 2023. The bank’s commitment to strategic priorities and financial resilience has contributed to its strong performance in a challenging environment.

Hyundai Nishat reduces car prices, passing on currency gains to loyal customers, and invites new buyers to benefit immediately, making their car models more attractive in today’s budget-conscious market.

Engro Corporation (PSX: ENGRO) delivered strong financial results, with a significant 42.85% year-on-year profit increase, reaching Rs 43.87 billion in the first nine months of CY23. The company also declared an interim cash dividend of Rs4 per share, reflecting its solid performance.

Honda is reducing car prices in response to the US dollar’s weakening against the Pakistani rupee, with up to Rs. 300,000 in cuts. This follows similar moves by other automakers and comes as the industry grapples with production disruptions caused by inventory shortages.

Pakistan’s textile exports to the EU have seen remarkable growth, reaching EUR 7.1 billion in 2022, thanks to the benefits of GSP+ status, providing duty-free access to 66% of product categories. The EU’s role as Pakistan’s primary export destination, particularly in textiles, underscores the importance of GSP+ for the country’s trade.

Hub Power Company (HUBC) posted a robust 93% YoY profit surge in Q1FY24, driven by increased earnings from associates and joint ventures, notably the ThalNova Power Plant. HUBC’s stock rose 0.91% to Rs. 97.4 on the day of the announcement.

The National Bank of Pakistan (NBP) posted a remarkable 2.05 times increase in profit for the first 9 months of 2023, reaching Rs39.52 billion. This growth was primarily fueled by a substantial rise in net interest income, although foreign exchange income declined.