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Karachi: Based on leading SPI, AKD projects that Nov’11 CPI will clock in at 10.6%YoY/O.7%MoM. According to AKD Securities, this implies that 5MFY11 average CPI will register at 11.2%, still about 75bps below the Discount Rate. As a result, AKD believes the SBP could reduce the DR by another 50bps …
Read More »Daily Archives: November 22, 2011
Morning Call about KAPCO’s earning dipped by 41% (YoY) in 1QFY12 – Arif Habib Limited
Karachi: In 1QFY12, Kot Addu Power Company (KAPCO) posted a profit after tax of PKR 1,198mn (EPS: PKR 1.36) as compared to PKR 2,037mn (EPS: PKR 2.31) in 1QFY11, depicting a decline of 41% YoY. According to Arif Habib Limited, this decline in earnings was mainly due to the 53% …
Read More »Oil import bill surges by 53.9% – Alfalah Securities Limited
Karachi: Pakistan’s oil import bill has witnessed a phenomenal YoY rise of 53.9% in the first four months (Jul-Oct) of the current financial year as the total oil import bill has reached to a level of USD 5.013 bn against USD 3.257 bn in 4MFY11, mainly on account of soaring …
Read More »FBR temporarily withdraws 5% sales tax – Alfalah Securities Limited
Karachi: The Federal Board of Revenue (FBR) has temporarily withdrawn the implementation of 5% sales tax for zero-rated sectors and commercial importers while restoring the 4-6% tax rate. According to Alfalah Securities, the implementation of uniform 5% sales tax has been withdrawn and a decision would be made in accordance …
Read More »Highlights of the Inaugural Day of SIAL Food 2011, UAE
Abu Dhabi: His Highness Sheikh Nahyan Bin Mubarak Al Nahyan, Minister of Higher Education and Scientific Research officially inaugurated SIAL Middle East 2011 today at Abu Dhabi National Exhibition Centre. Their Excellencies Saqr Al Ghobash, Minister of Labour; Rashid Bin Fahad, Minister of Environment; Azuldin Abdullah Hussein, Minister of Agriculture …
Read More »Etihad Airways Named Airline of the Year at Arabian Business Awards
Lahore: Etihad Airways, the national carrier of the United Arab Emirates, has been named Airline of the Year by Arabian Business magazine. Judges said the award was made in recognition of Etihad Airways’ financial performance and service offering, as well as the remarkable speed of its expansion. Etihad Airways Chief …
Read More »Dengue Again After Winter
Lahore: Continuing to do its part earnestly, Warid Telecom yet again takes another step towards well being of society. Dengue caused enough of the damage already and the threat of its reappearing after winter season is something very alarming. In this regard Warid Telecom recently organized a massive awareness campaign, …
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