Lower coal duties bring respite
Expected to alleviate pressure on cement sector facing a decline of 24% YoY
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Expected to alleviate pressure on cement sector facing a decline of 24% YoY
SAB urges govt to take into account economic crisis, flood damage in upcoming budget
Weighted average cost of gas to go up by 43%, says AHL
Urea sales jump 148% to 649,000 tons in January Rise in sales comes on back of low urea offtake last year PHOTO: FILE KARACHI: Urea sales soared 147.7% to 649,000 tons in January 2021 compared to the corresponding period of last year, according to data released by the National Fertiliser Development Centre (NFDC). At the end of January 2021, urea inventory was recorded at 99,000 tons, down 67% against 299,000 tons in the previous month, according to a Taurus Research report. Di-ammonium phosphate (DAP) stocks were recorded at 106,000 tons in January, down 6% against 112,000 tons in the previ...
Business February 20, 2021 Kot Addu Power Company (Kapco) has announced a net profit of Rs5.296 billion for the quarter ended December 31, 2020, which is 20.9 percent lower than the profit of Rs6.69 billion recorded in the same quarter last year. The EPS clocked in at Rs6.02 compared with EPS of Rs7.6 in the same period of the previous year. Kapco did not announce any interim cash dividend. Taurus Research in its report said, “True up income (difference between the revenue billed and the revenue collected in rupees due to depreciation of rupee against USD) decreased due to lesser collectio...