Dewan Farooque Motors Limited Faces Challenges as Indicated by Negative EPS

Islamabad, March 2024: Dewan Farooque Motors Limited, operating under the ticker DFML, has encountered market hurdles, evident from its negative EPS of Rs. (1.73) for the year 2023. With no dividends declared for 2022, 2023, and 2024, the company’s financial stance appears strained amidst the competitive automobile assembly sector. Despite these challenges, the closing rate was noted at Rs. 14.86 against a daily average of Rs. 1,387.35, reflecting a significant trading volume. Established in 2000, DFML continues to navigate market dynamics with a focus on recovery and sustainability.

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SAI President Criticizes SBP’s Modest Rate Cut, Calls for More Aggressive Reductions

Karachi, Muhammad Kamran Arbi, President of the Site Association of Industry (SAI), has publicly criticized the State Bank of Pakistan's (SBP) recent decision to reduce the interest rate by only 1.5%. Arbi described the cut as "insufficient" for addres...

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