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Karachi: KESC has categorically rejected and denied all allegations levelled against it by Transparency International Pakistan (TIP) and has stated them to be mala fide, contemptuous and defamatory. KESC believes that Transparency International is an organization of global repute, but its Pakistan Chapter is unfortunately not only tarnishing the image …
Read More »Monthly Archives: November 2011
AKD Quotidian about —: MTL: TP revised down on poor tractor sales outlook
Karachi: AKD Securities roll over its financial model and downward revises its target price of Millat Tractors Limited (MTL) to PkR32O/share. According to AKD Securities, downward revision comes on the back of significant erosion of MTL’s tractor sales (down 53%YoY in 4MFY12) due to deteriorating rural dynamics (levy of GST …
Read More »Foreign exchange reserves drop to USD 16.96 bn – Alfalah Securities Limited
Karachi: Pakistan’s overall foreign exchange reserves have dropped to USD 16.96 bn in the week ending on November 18, 2011 against USD 17.031 bn in the previous week owing to payments of hefty import bills and repayment of debt while, witnessing a decline of 0.41% WoW. According to Alfalah Securities, …
Read More »Gas tariff hike on the cards – Alfalah Securities Limited
Karachi: The Oil and Regulatory Authority (Ogra) has raised the gas tariff for Sui Northern Gas Pipelines Limited (SNGPL) by PkR 43.93/mmbtu (up 14%) and Sui Southern Gas Company (SSGC) by PkR 34/mmbtu (up 11%) which would be applicable from the start of next calendar year. According to Alfalah Securities, …
Read More »Pakistan to benefit more from liberalised trade with India Women entrepreneurs’ delegation leaves for New Delhi
Islamabad: Samina Fazil, founder President, Islamabad Women’s Chamber of Commerce and Industry (IWCCI) has said granting MFN status to India will benefit both countries but Pakistan will gain more out of it. Some misconceptions associated with MFN have made the whole issue disputable which should be clarified to allay the …
Read More »National Bank of Pakistan Turns Gilgit and Baltistan Completely Online
Karachi: National Bank of Pakistan (NBP) has converted its entire branch network on-line in Gilgit and Baltistan. This is in line with NBP’s strategy to convert majority of its branches on-line by the end of this year for which work is going on at fast pace. It is worth mentioning …
Read More »Quality Textile Mills Limited’s dispatch of final dividend warrants
Karachi: We are pleased to inform you that the dividend warrants in respect of final dividend @ 35% for the period ended June 30, 2011 have been dispatched to the shareholders through Courier Service. For more information, contact: Ali Asghar Company Secretary Quality Textile Mills Limited 24, Ali Bhai 2nd …
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