Karachi: Coming off a below par price performance in FY11 (-ye 25% versus the KSE), AKD Securities expects his cement coverage cluster to pare price gains in FY12 versus the broader market. According to AKD Securities, moving past the trough in the seasonal demand cycle, AKD Securities expects local cement …

Karachi: The National Electric Power Regulatory Authority (Nepra) has allowed a tariff hike of 32 paisa per unit to the Karachi Electric Supply Corporation (KESC) under the monthly fuel adjustment mechanism for generating electricity through furnace oil in June. According to Alfalah Securities Limited, KESC claimed that the power generation …

Karachi: JS Bank’s Home Remittance Group has recently introduced a monthly Lucky Draw Campaign for the period of three months with the collaboration of Xpress Money Services Ltd for its remittance services availing customers (beneficiaries). The 1st lucky draw of this campaign was held on August 5, 2011 jointly by …

Lahore: Samsung Electronics, a market leader and award-winning innovator in consumer electronics, semiconductors and telecommunications, has recently introduced the Samsung GALAXY Xcover (Model: GT-S5690), a touch screen Smartphone that combines intuitive social networking features with a stunning waterproof design. “We’ve designed the Samsung GALAXY Xcover especially for our active consumers, …

Karachi: JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the medium to long-term and short-term entity ratings of JDW Sugar Mills Limited (JDW) to ‘A’ (Single A) and ‘A-1’ (A-One), respectively. The rating of the company’s Rs. 1.7b TFC issue has also been upgraded to ‘A+’ (Single A Plus). Outlook …

Karachi: We enclose a copy of the Notice of Annual General Meeting scheduled to be held on 12 September 2011 which is to be published in newspapers for your information and record. Colgate-Palmolive (Pakistan) Limited Notice of Annual General Meeting Notice is Hereby given that the 33rd Annual General Meeting …

Karachi: District Coordination Officer (DCO) Karachi Mohammad Hussain Syed has announced exception of rent payment for blind people if they install their weight, French fries or pop corn machines in any park of City District Government Karachi. He said that special persons were important part of our society; therefore we …