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Quetta: Speaker Balochistan Assembly Muhammad Aslam Bhootani has said that Balochistan Government would extend full cooperation to foreign investors in the province. He expressed these views while talking to the Korean Ambassador Chung Jo Choi who called on him in his Chamber. During the meeting they exchanged views on issues …
Read More »Daily Archives: February 10, 2012
Election Commission of Pakistan refutes a news item regarding unconstitutionality of by-elections by Chief Election Commissioner
Islamabad: In response to a news item that appeared in print and electronic media about holding of by-elections by the Chief Election Commissioner as unconstitutional, the Election Commission has clarified the factual position as under to dispel any wrong impression because the preamble of Constitution of Pakistan makes it clear …
Read More »Morning Briefing for Feb 10, 2012 – Standard Capital
Karachi: OGDCL bonds launch may delay on FAC’s advice The government may wait till the normalcy in the international capital markets for the launch of Oil and Gas Development Company Ltd (OGDCL) exchangeable bonds with a transaction size of $500 mn with no upsize option, if advised by the Financial …
Read More »AKD Quotidian about — ENGRO Corp. CY11 Result Preview
Karachi: ENGRO is scheduled to announce its full year CY11 results on Feb 16’12. According to AKD Securities, Despite all the negatives mainly emanating from the gas curtailment at ENVEN, the company is still expected to post an earnings growth of 13%YoY in CY11, with NPAT expected at PkR7,662mn (EPS: …
Read More »Foreign exchange reserves witnessing a decline – Alfalah Securities Limited
Karachi: Pakistan’s liquid foreign reserves have dropped by USD181 million (down by 1.07% WoW) to USD 16.689 billion on February 09, 2012 from USD 16.870 billion last week. According to Alfalah Securities Limited, the foreign reserves with SBP dropped to USD 12.324 billion while the net foreign reserves held by …
Read More »FBR opposes exemption on source of investment and CGT collection by NCCPL – Alfalah Securities Limited
Karachi: As reported in a local news paper, the Federal Board of Revenue (FBR) holds strong reservations over the proposed regime of capital gains tax (CGT) to the Ministry of Finance on the exemption from section 111 of the Income Tax Ordinance 2001 to investment made in stock market up …
Read More »20th Amendment sorted, general elections to take place on 8th October – Alfalah Securities Limited
Karachi: At last, the Pakistan People’s Party (PPP) and Pakistan Muslim League-Nawaz have sorted their reservations on the formation of a caretaker setup, which had constrained the PPP on the passage of the 20th amendment. According to Alfalah Securities Limited, a caretaker government would be selected by the suggestion of …
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