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Karachi: Kot Addu Power Company Limited (KAPCO) is scheduled to announce its 1HFY12 result tomorrow, Feb 15’12. AKD Securities expects the company to post earnings of PkR2.6bn (EPS:PkR2.96) in 1HFY12 compared to earnings of PkR3.85bn (EPS:PkR4.37) during the corresponding period last year – translating into a decline of 32.4%YoY. In …
Read More »Daily Archives: February 14, 2012
KESC’s power tariff lowered by 19 paisa – Alfalah Securities Limited
Karachi: The electricity tariff for dwellers of Karachi has been lowered by 19 paisa per unit by the Karachi Electric Supply Company (KESC) on account of fuel price adjustment for March excluding lifeline and agricultural consumers. According to Alfalah Securities Limited, this adjustment has been made on account of discrepancies …
Read More »Pak-Rupee touching new lows amid concerns over IMF repayment and political scenario – Alfalah Securities Limited
Karachi: Pak Rupee recorded a new low against the US Dollar yesterday i.e. February 13, 2012 as it closed at PKR 90.84 against PKR 90.68 on February 10, 2012, up 16 paisa or 0.18% in the inter-bank market. According to Alfalah Securities Limited, Pak-Rupee continues to depreciate sharply against the …
Read More »Trade with India to inch up exports – Alfalah Securities Limited
Karachi: Pakistan is in final stages of granting the “Most Favoured Nation” (MFN) status to India to bolster trade between the two countries. So far the opening of a dedicated international trade gate at Wagah- Atari border has been postponed till April 30, 2012 as the Indian side has yet …
Read More »Pak-Suzuki discontinues booking of CNG fitted vehicles – Alfalah Securities Limited
Karachi: Pak-Suzuki Motor Company (PSMC) has discontinued the booking of CNG variants of Suzuki Mehran, Alto and Bolan from February 11, 2012 and has asked their dealers if any orders are in the queue by February 15, 2012. According to Alfalah Securities Limited, the decision to discontinue production and booking …
Read More »Malaysian Prime Minister’s Special Envoy on Infrastructure leads delegation to Pakistan
Islamabad: A five-member Malaysian delegation led by Special Envoy of the Prime Minister of Malaysia for South Asia on Infrastructure Dato Seri Samy Vellu is visiting Pakistan tomorrow (Wednesday) on a three-day visit to explore business and investment opportunities in the country. says a press release received here today from …
Read More »Securities and Exchange Commission of Pakistan takes action against unfair practices
Islamabad: As a part of its mandate to regulate the capital market and to safeguard the investors’ interest, the Securities Market Division of the SECP took enforcement actions and penalized the market participants for non-compliance with the regulatory framework in January. An order was passed against a former fund manager …
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