Karachi: NEPRA bars DISCOs from charging theft, line losses According to MR Securities, As part of the Planning Commission’s power sector reforms, the National Electric Power Regulatory Authority (NEPRA), which is responsible for determining the tariff, has barred distribution companies (DISCOs) from charging theft or line losses from consumers, sources …

Karachi: BAFL: Buy on dips with an eye on CY12F According to AKD Securities, following strong 1F1CY11 results (profits up 77%YoY), AKD Securities increases his earnings estimates for BAFL by 9% on average across CY11F-CY15F. However, AKD Securities’ target price rises by a more contained 2% to PkR12/share as AKD …

Lahore: Inspector General of Police Punjab, Javed Iqbal has temporarily nominated Mr. Akhtar Umer Hayat Lalika, SSP Investigation as SSP monitoring and focal person for the newly established “Punjab Police Citizen Feed Back Cell” with immediate effect. It may be recalled that earlier appointed SSP monitoring and focal person Mr. …

Rawalpindi: Spokesman of ISPR responding to a news item regarding Army Jawan attack Police Station in Rawalpindi, has said that news has been reported out of context. There was some misunderstanding and issue has been resolved amicably. For more information, contact: Inter Services Public Relations (ISPR) Hilal Road, Rawalpindi, Pakistan …

Karachi: Fauji Fertilizer Company Ltd (FFC) recorded a profit after tax (PAT) of PKR 4,080mn (EPS: PKR 4.81) in 2QCY11 taking 1HCY11 earnings to PKR 8,189mn (EPS: 9.65), an increase of 61% YoY despite the gas curtailment issue. According to Arif Habib Limited, the reasons for this stupendous growth are …

Islamabad: Governor Sindh, Dr. Ishratul Ibad Khan called on President Asif Ali Zardari at Aiwan-e-Sadr Thursday night. Law and order situation in Karachi and the steps afoot to restore peace and normalcy in Karachi were discussed during the meeting. The Governor also briefed the President on latest situation in Karachi …

Islamabad: Prime Minister Syed Yusuf Raza Gilani has strongly condemned the bomb blast in Nowshera this evening resulting in the loss of precious lives and injuries to many others. Expressing deep condolences with the bereaved families, the Prime Minister directed the law enforcement agencies to investigate the unfortunate incident and …