Conventional banks played a major role in increasing credit disbursements from their own sources as credit off-take from conventional banking branches jumped by 3. Islamic banks disbursed Rsbn worth of credit to the private sector, against Rs Moreover, Islamic banking branches of conventional banks disbursed Rs Copyright Mettis Link News.
January 14, MLN : The year remained comparatively fair for the fertilizer sector. All the credit goes to government concerns which tilted towards providing the cushion to the said sector in order to improve productivity. This will likely help major fertilizer manufacturing companies to enjoy an improved bottom line for CY During 9MCY21, the companies reported strong profits i.
The remarkable turnaround in the profitability of fertilizer manufacturers is attributed to strong offtakes coupled with better pricing. FFBL also witnessed a decent turnaround in its profitability, posting profit after tax of Rs6. The increase in profitability was mainly driven by an increase in DAP margins and lower finance costs as compared to the same period last year.
It is pertinent to mention that in the last couple of months urea offtake surged on the back of aggressive buying from dealers. Ballooning import bill coupled with inflationary pressures has kept the equity market rangebound. Given the headwinds on the macro front, the fertilizer sector is well placed against economic uncertainty in the current scenario, it added.
Fertilizer manufacturers are in a sweet spot to pass on any cost side pressures due to subdued inventory levels and significant differences between international and local urea prices. The earnings and payout ratio to remain stable for fertilizer players in , supported by strong pass on capability coupled with strong farm economics on the back of an increase in support prices of wheat and sugarcane, Muhammad Shahroz, Equity Research Analyst at Insight Securities said.
Therefore, due to recent monetary tightening and headwinds on the economic front, it is expected that the fertilizer sector will remain on investors radar due to its superior earning quality and attractive dividend yield, he added.
Currently, urea availability is a major concern in retail markets as it is currently sold at a hefty premium over Dealer Transfer Price DTP despite the smooth production of fertilizer manufactures. The government has allowed the import of , tons of urea from China in order to meet the demand and supply gap, which is expected to arrive in February As of now, the Urea inventory stood at 60, tons.
January 14, European stock markets slid at the open Friday following some heavy losses in Asia and on Wall Street on concerns over fallout from decades-high inflation.
Copyright Mettis Link News. January 14, MLN : The year remained comparatively fair for the fertilizer sector. All the credit goes to government concerns which tilted towards providing the cushion to the said sector in order to improve productivity. This will likely help major fertilizer manufacturing companies to enjoy an improved bottom line for CY During 9MCY21, the companies reported strong profits i.
The remarkable turnaround in the profitability of fertilizer manufacturers is attributed to strong offtakes coupled with better pricing. FFBL also witnessed a decent turnaround in its profitability, posting profit after tax of Rs6. The increase in profitability was mainly driven by an increase in DAP margins and lower finance costs as compared to the same period last year.
It is pertinent to mention that in the last couple of months urea offtake surged on the back of aggressive buying from dealers. Ballooning import bill coupled with inflationary pressures has kept the equity market rangebound. Given the headwinds on the macro front, the fertilizer sector is well placed against economic uncertainty in the current scenario, it added.
Fertilizer manufacturers are in a sweet spot to pass on any cost side pressures due to subdued inventory levels and significant differences between international and local urea prices. The earnings and payout ratio to remain stable for fertilizer players in , supported by strong pass on capability coupled with strong farm economics on the back of an increase in support prices of wheat and sugarcane, Muhammad Shahroz, Equity Research Analyst at Insight Securities said.
Therefore, due to recent monetary tightening and headwinds on the economic front, it is expected that the fertilizer sector will remain on investors radar due to its superior earning quality and attractive dividend yield, he added. Currently, urea availability is a major concern in retail markets as it is currently sold at a hefty premium over Dealer Transfer Price DTP despite the smooth production of fertilizer manufactures. The government has allowed the import of , tons of urea from China in order to meet the demand and supply gap, which is expected to arrive in February As of now, the Urea inventory stood at 60, tons.
January 14, European stock markets slid at the open Friday following some heavy losses in Asia and on Wall Street on concerns over fallout from decades-high inflation. London's benchmark FTSE index dropped 0. In the eurozone, Frankfurt's DAX index slumped 0. Summary of OMO Result. Amount Rs in Millions. High — Low. We partner with the government of Pakistan on numerous development and assistance projects, aligned with Pakistan's priorities, ranging from health to education to entrepreneurship to energy.
In fact, the government of Pakistan budget documents show that the US was the largest single-country contributor of grant-based aid to the federal budget in fiscal years and US assistance to Pakistan does not consist of loans. US CG : Our partnerships with Pakistani youths and professionals and our alumni network are a great way to build on our relationships and challenge misconceptions about the United States. Punjab is home to a vibrant and engaged US-Pakistan exchange alumni community.
Many in this community then partner with us on efforts to address unemployment and encourage entrepreneurship.
At the Consulate, we manage one of the US government's largest social media platforms, reaching over 3. Our hope is that highlighting our contributions to cultural preservation, academic partnership, women's empowerment and entrepreneurship, English language learning, as well as other ways we partner with Pakistan, will show the people of Punjab all that is positive in our bilateral relationship.
Also, our six highly active American Spaces provide people the opportunity to learn about the US for themselves, unfiltered through other narratives. US CG : We have several ongoing projects in the areas of cultural preservation and youth development. For example, we support the preservation of historical houses and a tomb on the south side of the Wazir Khan Mosque in the Walled City of Lahore.
In another partnership, we promote economic opportunities for women entrepreneurs in Punjab by linking them with business leaders and mentors.
We also partner with the Pakistani government on various law enforcement, rule of law, and corrections programs. These efforts strengthen the police, judicial, and prison sectors in Punjab in pursuit of a more secure and prosperous Pakistan.
We also provide training and study tours for Punjabi officials at the working and policy-making level to strengthen knowledge and enhance collaboration. For example, Punjabi corrections officers have attended training in Colorado to learn about prison management best practices.
The US and Pakistan have collaborated for 75 years on issues that are important to both nations, including energy, economic growth, peace and inclusion, education, and health. We focus on fostering a more stable, peaceful, and prosperous partnership. Our relationship benefits both countries in trade, climate change, food security, and providing women economic opportunities.
Today, the climate crisis is one of the most pressing challenges we collectively face. Next year, we hope to launch the US-Pakistan Health Dialogue, building on our successful partnership in the health arena. Another example of our assistance is our Merit- and Needs-Based Scholarship Program, which awards scholarships to academically talented but financially needy students for university study.
The program benefits young people from remote and rural areas of Pakistan, including southern Punjab. In September , the program announced new graduate-level scholarships for Pakistani women, which will be awarded to outstanding women students to earn master's degrees in agriculture, business, engineering, health and social sciences. Originally published in The News. AM Asif Mahmood.
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