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Karachi: AKD Securities raises estimates and target price for OGDC where development catalysts merit a Buy stance. According to AKD Securities, high stock of FII ownership, low payout and development backlog have recently decoupled the local market from high impact asset monetization. However, upcoming sequential IQFYI2 earnings of PKR4.8Glshare, up …
Read More »Daily Archives: October 27, 2011
IMF anticipates fiscal deficit at 6.5% of GDP in FY12 – Alfalah Securities Limited
Karachi: The International Monetary Fund (IMF) has projected Pakistan’s fiscal deficit in FY12 to increase to 6.5% of GDP against the govt.’s target of 4%. IMF has also projected Pakistan’s inflation to hover around 13.9% and GDP growth of 2.6% against govt.’s target of 12% and 3.8% (revised from 4.2% …
Read More »KSE amends regulations – Alfalah Securities Limited
Karachi: The Board of Directors of Karachi Stock Exchange (KSE) has made amendments in the regulations of listed companies according to which, verification would be done from companies regarding particular rumours spread in the market, debt securities placement would be made on a separate defaulter’s segment and provisions would be …
Read More »Govt. likely to allow E&Ps to sell 10% gas share – Alfalah Securities Limited
Karachi: The Government is likely to allow the Oil and Gas Exploration and Production (E&P) companies to sell 10% of their share of gas to distribution companies and third parties at negotiated prices with prior consent of the government while, the remaining 90% of E&Ps share of pipeline specification gas …
Read More »Air Services Agreement between the Islamic Republic of Pakistan and the Republic of Latvia
Rawalpindi: Bilateral Air Services Agreement (ASA) talks between the Islamic Republic of Pakistan and the Republic of Latvia were held in Rawalpindi. The Pakistan delegation was led by Major General Raja Muhammad Arif Nazir, Additional Secretary-I, Ministry of Defence while the Latvian delegation was headed by Mr. Arnis Muiznieks, Director, …
Read More »Custom Houses to remain open on 29th and 30th October, 2011
Islamabad: Federal Board of Revenue has announced that all the Model Customs Collectorate shall remain open on Saturday and Sunday 29th and 30th October, 2011, respectively as normal working days in order to facilitate the trade and industry in getting their cargo cleared for imports and exports. The Chief Collectors …
Read More »ICI Pakistan Limited announces profit after tax of PKR 571 million for Q3 2011
Karachi: The company posted net sales income of PKR 10.03 billion and PKR 30.5 billion for the quarter and nine months ended September 30, 2011 respectively which was 18% and 19% higher than same period last year. Q3 profit after tax at PKR 571 million was dragged down by extended …
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