Karachi: Hub Power (HUBC) is scheduled to announce its 1HFY12 results tomorrow, Feb 8’12. According to AKD Securities, on an unconsolidated basis, AKD Securities expects the company’s earnings to remain flat in 1HFY12, clocking in at PkR2.8bn (EPS: PkR2.45). In 2QFY12 alone, AKD Securities expects earnings to stand at PkR1.59bn …

Karachi: The recent talks held between the representatives of Pakistan and Qatar discussed more issues than the supply of Liquefied Natural Gas (LNG) to Pakistan on which Qatar has already agreed to supply 3.5mn tons and the first shipment is expected to arrive in the country within a year. According …

Karachi: The Supreme Court has suspended the membership of 28 members of the assemblies as the government has failed to pass the 20th amendment by the deadline of Feb 06. According to Alfalah Securities Limited, if the 20th amendment is not passed, the court will cancel by-elections as unconstitutional and …

Karachi: As stated by Moody’s, Pakistan’s ‘B3’ rating reflects the country’s low economic, institutional and government’s financial strength, and its high susceptibility to event risk. According to Alfalah Securities Limited, the rating outlook is ‘stable, although pressures on the balance of payments have re-emerged. The recent deterioration in Pakistan’s relations …

Karachi: The International Monetary Fund (IMF) has projected Pakistan’s Gross Domestic Product (GDP) growth at 3.4% as against the Finance Minister’s forecast of 4 %; fiscal deficit of 7% of GDP and average CPI at 12% during FY12. According to Alfalah Securities Limited, the IMF’s report, Pakistan has faced difficult …

Islamabad: Successful Management Trainees of Pakistan Telecommunications Company Ltd (PTCL) a six – week course, who recently completed training at Telecom Staff College, Haripur with PTCL GM Trainings, Ahmed Jalal (center). Pakistan Telecommunication Company Limited (PTCL) has successfully trained 29 young engineers as management trainees and future leaders of tomorrow …

Karachi: The State Bank of Pakistan (SBP) has renewed the status of External Credit Assessment Institutions (ECAIs) of both the credit rating agencies namely M/s JCR-VIS Credit Rating Company Limited and The Pakistan Credit Rating Agency Limited operating in country for the calendar year 2012. It may be pointed out …