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Similarly, non-markup/interest income increased to Rs2.53bn as against Rs2bn during 1QCY20 showing an increase of 27pc. TRG Pakistan PAT surges TRG Pakistan Ltd announced that its PAT soared to Rs2.8bn during 1QCY21 compared to Rs690,000 in 1QCY20. The PAT in 9MFY21 also posted a massive growth to Rs7.2bn from Rs19m in the same period last year. Earnings of Nishat Chunian up 150pc Nishat Chunian Ltd reported its PAT increased 150pc to Rs2.5bn during 1QCY21 from Rs1bn in the same period 2020. In 9MFY21 its profit swelled to Rs5.3bn from Rs3.2bn in the same period last year. ....
Daily Times April 7, 2021 Following an abysmal performance in the previous session, bulls staged a comeback at Pakistan Stock Exchange (PSX) on Tuesday, as benchmark KSE-100 index gained 856 points by the closing bell to clock at 44,404.70 level. Tuesday’s strong performance followed series of trading sessions where Investors struggled to gain a firm foothold, ever since the benchmark KSE-100 index slipped from the recent high of 47,000 points, owing to rising Covid-19 infection cases that resulted in fresh rounds of lockdown. On Tuesday, technology sector which took the major beating in the previous sessions, was the top performer, flowing PM Imran Khan’s intentions to promote the sector by giving several incentives in the outgoing year. The PM on Monday said the establishment of Special Technology Zones (STZs) would ensure promotion of information technology in the country and directed finalization of a time-line based strategy in this regard. ....
Car sales jump 35% in February 2021 Increase comes on back of growing economic activity, lower interest rate PHOTO: REUTERS KARACHI: Despite being hit hard in the previous year, Pakistan’s auto sector bounced back as sales grew 35% to 16,436 units in February 2021, according to data released by the Pakistan Automotive Manufacturers Association (PAMA). The surge in sales came on the back of improvement in economic activity, which drove demand for vehicles, and a lower policy rate, which led to an increase in auto financing. “Improving economic conditions in rural areas because of higher prices for agricultural products, and the improving purchasing power parity also helped drive up sales,” said an AHL Research report. ....
Adding momentum to recovery - Newspaper dawn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dawn.com Daily Mail and Mail on Sunday newspapers.
Stocks beat losing streak betting on banks, cements thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.