Category: Support Services
Etihad Airways Presents Fashion Pakistan Week’s Most Inspiring Designer Award to Shehla Chatoor
Lahore: Etihad Airways, the national airline of the United Arab Emirates, recently teamed up with Fashion Pakistan, to present “Pakistan’s Most Inspiring Designer” award exclusively to the designer who wowed fashion lovers and critics at the third Fashion Pakistan Week that was held at the Pearl Continental Hotel from 7 to 10 April. The coveted [...]
AKD Quotidian about – MEBL: 1QCY12 Result Preview
Karachi: MEBL is scheduled to announce its 1QCY12 result on Monday, Apr 16’12. On an unconsolidated basis, AKD Securities expects MEBL to post NPAT of PkR935mn (EPS: PkR1.03) in 1QCY12E against NPAT of PkR585mn (EPS: PkRO.65) in 1QCYI1, translating into a robust growth of 60%YoY but down by 15%QoQ. According to AKD Securities, further upside [...]
AKD Securities Equity Research
Karachi: Minor Reversal Case A beautifully carved minute Head & Shoulders pattern visible on the hourly chart (see below), reveals that the supply forces have started to gain control of the market after neutralizing excessive demand around 14k psychological level. According to AKD Securities, minimum weakness can be anticipated towards 13670~13655 levels. If this is [...]
Taurus Securities Limited market overview
Karachi: The market continued to face profit taking on Thursday. According to Taurus Securities Limited, the KSE-100 Index shed 123 points to end the day at 13,693 on the back of 340m shares traded. Activity was mainly concentrated in Banking, Construction and materials, financial services and Chemicals sectors. The top gainers according to Index points [...]
Private sector allowed setting up gas distribution firms
Karachi: The federal government has allowed the private sector to establish gas distribution companies a move that would end decades-old monopoly of the state-run Sui Northern Gas Pipelines Ltd. According to Alfalah Securities Limited, (SNGP) and Sui Southern Gas Company (SSGC). As reported in the local newspaper, the government has already approved a mechanism for [...]
National Investment Trust Set Ups Sales Promotion Kiosk in Pakistan Institute of Corporate Governance Conference at Karachi
Karachi: NIT is actively engaged in promotion of its funds extensively. Informative KIOSKS are being organized at Provincial and Federal Capital level by local NIT Branches to introduce and familiarize potential customers with the range, benefits and investment opportunities in NIT Funds. In continuation of this exercise, NIT availed the opportunity to setup a kiosk [...]
Pakistan International Airlines is actively participating in Airport Emergency Exercise
Karachi: Pakistan International Airlines is actively participating in Airport Emergency Exercise being conducted on Saturday 14 April by Civil Aviation Authority at Karachi Airport. A Boeing -747 aircraft has been provided with Cockpit and Cabin Crew. Resources like Engineering, PHS, TGS have been deployed for the purpose. PIA Emergency Response Centre (ERC) will remain active [...]
Daily Cargo Handling Report
Karachi: Three container vessels, tanker and bulk carriers are due to reach at the outer anchorage of Karachi Port on Sunday, however two container vessels are reaching Karachi Port on Saturday. A tanker, two bulk carriers and a general cargo vessel have acquired safe berthing at the port. The ships berthed at the port during [...]
Pakistan Credit Rating Agency Limited Maintains IFS Rating of Dawood Family Takaful Limited
Lahore: The Pakistan Credit Rating Agency (PACRA) has maintained the Insurer Financial Strength rating of Dawood Family Takaful Limited (DFTL) at “A-” (Single A minus). The rating denotes DFTL’s strong capacity to meet policyholder and contract obligations. At the same time, risk factors are moderate, and the impact of any adverse business and economic factors [...]
No respite from Sui Southern Gas Company leads to load shed at Karachi Water and Sewerage Board installations: Karachi Electric Supply Company
Karachi: The non-consideration of multiple requests and lack of support from SSGC to improve the gas supply to the sole power supplying utility of Karachi, KESC; has exacerbated the power crisis. With no signs of improvement in the gas supply from the current abysmal levels of 115-120mmcfd and 80MW of additional power supply shortage due [...]
Air Force War College Delegation Visits Wapda House
Lahore: Pakistan Water and Power Development Authority (WAPDA) is implementing a number of projects in water and hydropower sectors. These projects, on completion, will not only help increase water storage capacity but also decrease electricity deficit in the country. This was stated by WAPDA Member (Water) Syed Raghib Abbas Shah while addressing a delegation of [...]
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