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Karachi: According to SBP data, banks have booked aggregate provisions of PkR4.2bn in 4QCY11, significantly lower than provisions of PkR11.6bn in 4QCY10 and PkR9.8bn in 3QCY11. According to AKD Securities, while eventual provisions could tag in higher, full year CY11E banks’ results will likely continue the trend established in 9MCY11, …
Read More »Daily Archives: January 11, 2012
City University New York to facilitate Sikh student graduating from Sir Syed University of Engineering and Technology to do Ph.D
Karachi: Santosh Singh, student of Sir Syed University of Engineering and Technology, who belongs to Sikh community and graduated from this university in 2009 will do his Ph.D. in IT at the expenses to be borne by City University New York from where he did his Master’s. This was stated …
Read More »Views are sharply divided on whether parents should choose a profession for their children; 50% favor parental choice while 50% oppose it. Gilani poll/Gallup Pakistan
Islamabad: According to a Gilani Research Foundation Survey carried out by Gallup Pakistan views are sharply divided on whether parents should choose a profession for their children or let them choose it on their own; 50% favor parental choice while 50% oppose it. There is a notable increase in views …
Read More »Power companies sign agreement with USAID to minimize inefficiencies – Alfalah Securities Limited
Karachi: All the 9 government-owned power distribution companies (DISCOs) have signed an agreement with United States Agency for International Development (USAID) to collaborate on improving energy supply to consumers, generate more revenue to pay for energy production, and reduce losses in power distribution. According to Alfalah Securities Limited, under the …
Read More »KSE develops Risk Management Gateway System for Brokers – Alfalah Securities Limited
Karachi: The Karachi Stock Exchange (KSE) has developed a Risk Management Gateway System (RMGS) for brokerage houses in order to improve the efficiency of the trading system and enable brokers to control and monitor their client’s trading activities. According to Alfalah Securities Limited, the risk management system would be made …
Read More »Agriauto Industries to establish stamping subsidiary company – Alfalah Securities Limited
Karachi: Agriauto Industries Limited has notified the Stock Exchange that the company intends to invest PKR 1.05 billion for establishing its fully owned subsidiary (100%) in the name of “Agriauto Stamping Company (Pvt) Limited” which would carry out the operations of stamping of sheet metal parts, sub-assembling and checking of …
Read More »FFC raises urea price following Engro Price hike – Alfalah Securities Limited
Karachi: Fauji Fertilizer Company (FFC) followed by the recent price hike made by Engro, has raised urea prices by PKR 165 per 50-kg bag mainly on the account of implementation of Gas Infrastructure Development Cess (GIDC) which has raised gas prices by 207% from January 1, 2012. According to Alfalah …
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