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Karachi: CY11 Result Preview Engro Corporation Limited (Engro) is estimated to post CY11 profit after tax (PAT) of PKR 8,117mn (EPS of PKR 20.64), a healthy increase of 19% YoY from PKR 6,838mn in CY10. According to Arif Habib Limited, the major contributors in this profitability rise will come from …
Read More »Daily Archives: February 9, 2012
PPL – Govt. intending to divest 2.5% of their holding – Alfalah Securities Limited
Karachi: The Privatization Commission has announced that 23m (2.5% of the 70.66% holding of Govt. of Pakistan in the company) would beplaced/sold to local and international investors after the book closure of Pakistan Petroleum Limited (PPL) ends i.e. after March 8, 2012. According to Alfalah Securities Limited expects the placement …
Read More »Privatization of HBL confirmed lawful – Alfalah Securities Limited
Karachi: The Supreme Court of Pakistan has declared the privatization of Habib Bank Limited (HBL) lawful in a response to the petition filed by Dr. Akhtar Hassan Khan (former Federal Secretary Planning) presuming that the bidding process of HBL was not transparent and alleged that a benefit of PKR 18.84 …
Read More »PM appeals against the charge sheet on Contempt Case – Alfalah Securities Limited
Karachi: A larger bench of the Supreme Court was constituted on Wednesday to hear Intra-Court Appeal (ICA) filed by Prime Minister Syed Yousaf Raza Gilani who has sought an exemption from appearance in person before the court on February 13. According to Alfalah Securities Limited, the premier’s attorney, Aitzaz Ahsan, …
Read More »IMF presumes PakRupee to be overvalued by 10% – Alfalah Securities Limited
Karachi: The International Monetary Fund (IMF) in its country’s report on Pakistan has stated that PakRupee is overvalued by as much as 10% against the US Dollar when assessed its real effective exchange rate and external competitiveness. According to Alfalah Securities Limited, the IMF reported that the recent forex reserve …
Read More »National Assembly approves Lending limitations to government from the Central Bank – Alfalah Securities Limited
Karachi: The National Assembly on Wednesday approved the “State Bank of Pakistan Amendment Bill 2011” designed to make it mandatory for the government to retire borrowing from the central bank at the end of each quarter and introduce a statutory committee to facilitate Bank’s autonomy. According to Alfalah Securities Limited, …
Read More »SECP clarifies CGT relaxation will not allow investors to whiten black money – Alfalah Securities Limited
Karachi: The Securities and Exchange Commission of Pakistan (SECP) while addressing major concerns of investors, has clarified that the relaxation given on the Capital Gain Tax (CGT) regime would not allow investors to whiten their black money by investing in the stock market due to stringent policies and due diligence …
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