Karachi: The country’s current account (CA) deficit for quarter ending September FY12 clocked in at USD ~1.2bn or 2.0% of the GDP. According to Arif Habib Limited, this showed a worsening picture when compared to last year CA deficit of USD 597mn (1.1% of GDP). Strong growth in remittances along …

Karachi: In response to the petition filed by Engro Fertilizers, the Sindh High Court has directed Sui Northern Gas Pipeline Limited (SNGPL) to supply gas to Engro Fertilizer’s new plant “Enven1.3” according to its contracted quantity of 100mmcfd. According to Alfalah Securities, Enven1.3, being the largest single train urea plant …

Karachi: The government has been successful in saving PkR 60 bn through actively managing the development and current expenditure which has helped curbing the fiscal deficit to 1.1% of GDP or PkR 232bn in the 1QFY12. According to Alfalah Securities, the government saved PkR 25bn through the Public Sector Development …

Karachi: Sindh Governor, Dr. Ishrat Ul Ebad Khan, on Wednesday said that Pakistan needs investors to move the economy in the right direction. He said Pakistan is the most suitable country for investment in the region. The investors get profitable business opportunities as well as easy access to the markets …

Karachi: JCR-VIS Credit Rating Company Ltd. has maintained the Management Quality Rating of HBL Asset Management Limited (HBL AMC) at ‘AM3+’ (AM – Three Plus). Outlook on the rating has been revised from ‘Stable’ to ‘Positive’. In terms of performance, relative standing of funds under management has generally been above …

Islamabad: A meeting was held between a delegation of Telenor International and Federal Secretary for Information Technology and Telecom, Saeed Ahmed Khan on Thursday, 20th October, 2011. The representatives of the delegation briefed about various schemes and projects launched by the Telenor International and their contribution in socio-economic uplift of …

Rawalpindi: To beef up the existing security system at our airports, the UK Department of Transport is providing Security Assistance Programme which will include 18 Explosive Detection System (EDS) equipment to Airport Security Force (ASF) for use at our major Airports. This assistance programme also includes basic training and one …