In financial year 2020-21, Bestway Cement, Fauji Cement, Kohat Cement and DG Khan Cement earned a total of 31.01 billion rupees pre-tax profit while their post-tax profit stood a 22.63 billion rupees.
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The stock market touched the high level of 46,691 points at morning and 46,215 low level till the filing of this report. Pakistan Stock Exchange recorded 35.262 million shares trading having more than 2.04 billion value.
According to State Bank’s latest data, released today, Pakistan suffered $2.3 billion dollars current account deficit during July/Aug FY22 and the CAD without official transfers mounted to $2.36 billion dollars during this period.
Taliban have also shared a picture of several modern military helicopters which they have captured from Afghanistan. With most modern weapons, now Taliban appear a strong army in the world.
Interestingly, rupee exchange rate has become more vulnerable after finance minister Shoukat Tarin’s statement about shortage of dollars in Afghanistan.
On Saturday many flights were cancelled as the passengers going towards the Islamabad International Airport got stranded on the road due to protest of the traders. If Jamaat-e-Islami and traders again blocked the main highway, thousands of passengers and motorists will face serious hardship like last Saturday.
AKD Securities takes an optimistic view of the Afghan situation, and sees Pakistan reaping benefits of peace and political stability.
A spike was noted in trade deficit for the second consecutive month as merchandise trade deficit mounted to $4.05 billion in August against $1.74 billion over the corresponding month last year.