2012 January : AsiaNet-Pakistan

Archive for January, 2012

We Need to Look beyond Campaigns to End Polio – Mir Hazar Khan Bijarani

[ 0 ] January 31, 2012 | Misc.

Islamabad: There was a need for a sustained effort extending beyond the 3 day campaigns to wipe out polio from the country. This was stated by the Federal Minister for Inter-Provincial Coordination, Mir Hazar Khan Bijarani while addressing polio vaccination ceremony organized by the Directorate of Health Services, Capital Development Authority, Islamabad. The Minister said […]

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Afghan Parliamentary delegation meets the Prime Minister

[ 0 ] January 31, 2012 | Press Information Department

Islamabad: A delegation of Afghan Senators led by Mr. Fazal-e-Hadi Muslimyar called on the Prime Minister Syed Yusuf Raza Gilani at the Prime Minister’s House today and emphasized the need of exchange of parliamentary delegations to further strengthen their brotherly relations between the people of the two countries. The Prime Minister said that exchange visits […]

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Morning Briefing for Jan 31, 2012 – Standard Capital

[ 0 ] January 31, 2012 | Brokerage

Karachi: FFC and Lucky Cement report profits Fauji Fertilizer Company The 2012 started with positive note as listed companies have declared handsome profits despite various business challenges and issues of energy shortages. Fauji Fertilizer Company (FFC) posted an above expectation profit after tax of Rs 22.5 billion in 2011, up 104 % year to year […]

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Morning Buzz for Jan 31, 2012 – MR Securities

[ 0 ] January 31, 2012 | Brokerage

Karachi: Kuwait extends $40m for Neelum-Jehlum power project According to MR Securities, Kuwait has extended $40 million to Pakistan for the construction of the de-sander a vital part of the strategic $333.3 billion Neelum-Jhelum hydropower project. State Bank sees decline in FY12 textile exports The State Bank of Pakistan (SBP) has feared that the textile […]

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AKD Quotidian about — POL: 1HFY12 Result Preview

[ 0 ] January 31, 2012 | Brokerage

Karachi: Pakistan Oilfields is scheduled to announce 1HFY12 results tomorrow where AKD Securities expects NPAT of PkR7.03bn against NPAT of PkR5.20bn in the corresponding period last year. According to AKD Securities, the result translates into an EPS of PkR29.74 in 1HFY12 versus EPS of PkR21.99 in 1HFY11, a growth of 35%YoY. AKD Securities expects top-line […]

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Morning Call about Profitability jumps by 107% in 1HFY12 – Arif Habib Limited

[ 0 ] January 31, 2012 | Brokerage

Karachi: Lucky Cement Limited (LUCK) has declared the profit after tax (PAT) of PKR 1,513mn in 2QFY12, taking 1HFY12 profitability to PKR 3,018mn (EPS: PKR 9.33), a rise of 107% YoY compared with PAT of PKR 1,461mn (EPS: PKR 4.52) during 1HFY11. According to Arif Habib Limited, this strong profitability growth was mainly emanated from […]

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Kuwait extends USD 40 million for Neelum-Jehlum hydropower project – Alfalah Securities Limited

[ 0 ] January 31, 2012 | Brokerage

Karachi: Kuwait has extended USD 40.0 million to Pakistan for the construction of USD 333.3 billion Neelum-Jhelum hydropower project. According to Alfalah Securities Limited, Economic Affairs Division (EAD) and Neelum Jhelum Hydropower Project Company (NJHPC) have signed a subsidiary loan agreement on Monday between Kuwait and Pakistan. The Neelum Jhelum Hydropower Project is located at […]

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Pakistan to qualify for IMF’s ‘Special Data Dissemination System’ on compiling GDP growth quarterly data – Alfalah Securities Limited

[ 0 ] January 31, 2012 | Brokerage

Karachi: The International Monetary Fund (IMF) has stated that Pakistan, if becomes successful in providing quarterly data on GDP growth, would qualify for the fund’s data authenticity standard of “Special Data Dissemination System”. According to Alfalah Securities Limited, the Special Data Dissemination System standards enhances the availability of a country’s information and statistics in the […]

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Ogra seeks 6% hike in POL prices – Alfalah Securities Limited

[ 0 ] January 31, 2012 | Brokerage

Karachi: Oil and Gas Regulatory Authority (Ogra) has recommended 6% increase in POL prices from February 1, 2012 on account of increasing International Oil Prices. According to Alfalah Securities Limited, the oil prices have surged due to sanctions on Iran and tensions between US and Iran. The International average crude oil prices (Opec basket) have […]

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Government admits inflation in Pakistan exceeds regional average – Alfalah Securities Limited

[ 0 ] January 31, 2012 | Brokerage

Karachi: The Finance Division in a meeting of the ECC admitted that inflation in Pakistan is much higher than its regional countries average, except for Bangladesh. According to Alfalah Securities Limited, the regional comparison indicated that inflation in the month of December 2011 was registered at 9.75%YoY, which is higher as compared to 7.5% of […]

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IP gas line to be financed via public-private partnership – Alfalah Securities Limited

[ 0 ] January 31, 2012 | Brokerage

Karachi: Iran-Pakistan (IP) gas pipeline project would be financed through public-private partnership (PPP) with a debt equity ratio of 70:30% with the government estimating that 100 km pipeline construction, from Iran border to Gwadar, would cost USD150 – 200 million. According to Alfalah Securities Limited, for this purpose a ‘Special Purpose Vehicle PipeCo’ would be […]

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Netsol announces 1HFY12 results – Alfalah Securities Limited

[ 0 ] January 31, 2012 | Brokerage

Karachi: Netsol Technologies Ltd announced 1HFY12 results reporting Profit after tax of PKR 212.14 million (EPS: PKR 2.44) declining by 48.2% YoY where the revenues declined by 5.7% to PKR 917.8 million. According to Alfalah Securities Limited, the gross profit margins remained at 50.8% in 1HFY12 as against 63.3% last year due to rising costs […]

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