Year: 2022

NPL quarterly profit up 3pc

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power

Nishat Power Limited (NPL) has posted a 3 percent rise in its first-quarter net profit on an increase in its sales. In a statement to the Pakistan Stock Exchange on Friday, the company reported a net profit of Rs943.136 million for the quarter ended September 30, up from Rs915.047 million in the same period the previous year. The company announced an interim cash dividend of Rs2 per share for the first quarter. Earnings per share came in at Rs2.664/share, compared with Rs2.584/share same quarter last year. NPL said its revenue…

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MARI’s profit jumps 40pc in Q1

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Mari Petroleum Company Limited on Friday reported a 40 percent rise in its first-quarter (Q1) net profit on an increase in its sales. In a statement to the Pakistan Stock Exchange, the company reported a net profit of Rs12.714 billion for the quarter ended September 30, up from Rs9.098 billion in the same period the previous year. The company skipped any payout for the period. Earnings per share came in at Rs95.31/share, compared with Rs68.21/share same quarter last year. The company said its gross sales for the quarter rose to…

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Consequences Or Cooperation: How Will The U.S. Deal With OPEC?

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The relationship between the U.S. and OPEC has always been a fraught one, with America pushing the cartel to slash production when oil prices crash and open the taps when prices soar. While cooperation between the two oil and gas powers is normally focused on supply and demand considerations, geopolitical tensions heavily influence any outcome. Today, as tensions between OPEC and the U.S. spike, the timing for both the global economy and energy markets couldn’t be worse. While challenges to the U.S.-OPEC relationship are nothing new, tensions have spiked in…

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How The Diesel Crisis Became An Inflationary Time Bomb

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For all the drama surrounding Biden’s latest Strategic Petroleum Reserve fiasco and his admin’s ridiculous idea to “stimulate” US energy producers to pump more oil because, you see, Biden promises to buy oil at some unknown point in the future (he may or may not, but right now he is certainly draining a million barrels of emergency US energy lifeblood just to buy a few midterm votes, assuring energy producers have zero incentive to produce more), the real crisis is not oil or gas, but diesel. The problem is that as we repeatedly warned over the summer,…

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Healthy lifestyle, body self-examination, and early detection could save millions of lives of Pakistani women facing threat of breast cancer

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Healthy lifestyle, body self-examination, and early detection could save millions of lives of Pakistani women facing threat of breast cancer October 21, 2022 A healthy lifestyle, balanced diet, self-examination of the body, and early diagnosis are the key factors to protect the lives of millions of adult women in Pakistan from the fatal disease of breast cancer.The concerned medical practitioners and noted women from different fields highlighted the precautions the female population of the country should adopt against breast cancer at an awareness seminar on the cancerous disease. The National…

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