Karachi: Hub Power is scheduled to announce its full year result on 8th September 2011. According to AKD Securities expects the company to report consolidated NPAT of PkR5.47bn versus NPAT of PkR5.47bn in the corresponding period last year. The bottom-line translates into earnings of PkR4.73/share versus PkR4.74/share in the same …

Karachi: The Ministry of Finance (MoF) has released PKR 30 bn to the Power sector and Oil & Marketing Companies (OMCs), in order to partially ease up their circular debt issues and improve oil and power supply. According to Alfalah Securities Limited, a meeting of the Cabinet, the Pakistan State …

Karachi: The Securities and Exchange Commission of Pakistan (SECP) has made amendments in the Non-Banking Financial Companies (NBFC) regulations, according to which: According to Alfalah Securities Limited, • Replacement of seed capital requirements with minimum fund size of PKR 100mn. • Enhancement of unit-holder’s rights in case of a change …

Karachi: Oil and Gas Regulatory Authority (OGRA) has provisionally suspended the operations of 7 Oil and Marketing Companies (OMCs) and has also imposed a fine of PKR 21 mn on account of breach of license and conditions under which OMCs should maintain a fuel stock of 20 days. According to …

Islamabad: A Friends of Democratic Pakistan (FoDP) Workshop on Institution Capacity Building is being held in Ankara, Turkey on 8-9 September 2011. Turkey has offered to co-host the workshop. The workshop will consider long-term institutional partnerships will be considered between various institutions in Pakistan and their counterpart organizations in FoDP …

Islamabad: Dr. Fehmida Mirza, Speaker, National Assembly has said that Literacy was imperative for sustainable human development in today’s complex and fast-changing societies. Therefore, we should strengthen our commitment to promoting global literacy and to back this support with resources needed to achieve real progress. She said that in her …

Islamabad: Dr. Fehmida Mirza, Speaker and Faisal Karim Kundi, Deputy Speaker, National Assembly have strongly condemned the bomb blast in Quetta and expressed grief and sorrow over the loss of precious lives. In their separate statements, the Speaker and the Deputy Speaker termed it barbaric and shameful act of terrorism. …