2012 April : AsiaNet-Pakistan

Archive for April, 2012

AKD Quotidian about — Pakistan Market: Targeting 16,000 points on strong corporate performance

[ 0 ] April 30, 2012 |

Karachi: The KSE returned 2% in April 2012 through the result season as active coverage companies topped ours as well as consensus earnings forecast by 5% sequentially. According to AKD Securities, this underpins AKD Securities’ positive outlook where AKD Securities sees earnings upgrades driving upside of 14% to AKD Securities’ revised Dec’12-end KSE-100 Index target […]

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Morning Call about Inflation risk not fully subsided as yet; for Apr-12 Arif Habib Limited expects a 10.8%YoY rise – Arif Habib Limited

[ 0 ] April 30, 2012 |

Karachi: CPI inflation for Apr-12 expected at 10.8%YoY Arif Habib Limited estimates a ~1.4%MoM rise in CPI inflation for the month of Apr-12, translating into a ~10.8YoY rise. According to Arif Habib Limited’s calculations are based on incorporating revised oil assumption of USD 115/bbl (USD 119/bbl YTD average) up until FY12 end. However, Arif Habib […]

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WB approves USD 550m for education gas sectors – Alfalah Securities Limited

[ 0 ] April 30, 2012 |

Karachi: World Bank (WB) has approved two projects worth USD 550 mn in order to support Pakistan’s effort to strengthen the education and natural gas sectors. According to Alfalah Securities Limited, this includes USD 350 mn Punjab education sector project designed to increase child school participation and USD 200 mn natural gas efficiency project to […]

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Rupee component of PSDP slashed by PkR 51 bn – Alfalah Securities Limited

[ 0 ] April 30, 2012 |

Karachi: The rupee component of Public Sector Development Program (PSDP) has been slashed by PkR 51 bn, to PkR 210 bn from PkR 261 bn after receiving foreign funding in the shape of project aid. According to Alfalah Securities Limited, the saving made through cutting down of rupee component of PSDP would be mainly utilized […]

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Country gets USD 1.16 bn foreign inflows during Jul-Apr FY12 – Alfalah Securities Limited

[ 0 ] April 30, 2012 |

Karachi: As reported in a local newspaper, Pakistan has received foreign inflows amounting to only USD 1.16 bn during the 10MFY12 (as of April 24, 2012) against a budgetary estimate of USD 4.5 bn. According to Alfalah Securities Limited, the foreign inflows of USD 800 mn on account of Etisalat and USD 850 mn from […]

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Pakistan’s oil import bill mounts to USD 11.16 bn in 9MFY12 – Alfalah Securities Limited

[ 0 ] April 30, 2012 |

Karachi: Keeping in view the ever rising international crude oil prices and increasing dependence on imported fuel, the country’s oil import bill has surpassed the level of USD 11 bn in the 9MFY12 against USD 8.088 bn in the same period last year, depicting a rise of USD 3.072 bn (38%YoY). According to Alfalah Securities […]

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GoP collects PkR 35-40 bn from GIDC during 9MFY12 – Alfalah Securities Limited

[ 0 ] April 30, 2012 |

Karachi: The government has collected PkR 35-40 bn from Gas Infrastructure Development Cess (GIDC) during 9MFY12, which would be utilized for the construction of Iran-Pakistan (IP) gas pipeline, Turkmenistan-Afghanistan-Pakistan-India (TAPI) Pipeline Project, Liquefied Natural Gas (LNG) and other energy related projects. According to Alfalah Securities Limited, the government had imposed a Cess on the supply […]

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Karachi Stock Exchange Stock Market Position on 30-04-2012

[ 0 ] April 30, 2012 | General Business News

Karachi: COMPANIES KSE KSE-30 KSE-100 KSE-ALLSHARES KMI-30 BATi OGTi POSITION INDICES INDEX INDEX INDEX INDEX INDEX INDEX Plus 149 Current 12252.16 13990.38 9812.71 24225.87 8952.57 13505.69 Minus 156 Previous 12346.31 14042.77 9849.12 24343.78 9057.95 13612.22 Unchanged 64 High 12351.04 14064.73 9867.14 24373.46 9072.27 13633.77 Total 369 Low 12213.01 13891.49 9148.09 24154.63 8912.11 13450.59 Net Change […]

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Suspension of trading in the ordinary & preference shares of Saleem sugar mills limited under listing regulation

[ 0 ] April 30, 2012 | General Business News

Karachi: It is hereby informed to all concerned that Saleem Sugar Mills Limited has committed default under Listing Regulation No.30(1)(b) i.e. failed to hold the Annual General Meetings for two years. The company has also committed defaults under Listing Regulation No.30(1)(e) & No.30(1)(g); failed to pay the Annual Listing Fee since July 1, 1997 and […]

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Instruction to Pay the Outstanding Annual Listing Fee under Listing Regulations of the Exchange

[ 0 ] April 30, 2012 | General Business News

Karachi: It is hereby informed to all concerned that the following companies as a consequence of default under Listing Regulation No.30(1)(e) have been advised to fulfill the requirements of the said Regulations by payment of Annual Listing Fee within 90 days i.e. upto July 30, 2012 as required under Listing Regulation No.30(2)(a). S. No. Name […]

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Instruction to Pay The Outstanding Annual Listing Fee

[ 0 ] April 30, 2012 | General Business News

Karachi: It is hereby informed to all concerned that the following companies as a consequence of defaults under Listing Regulation No.30(1)(e) and 30(1)(g) have been advised to fulfill the requirements of the said Regulations by payment of Annual Listing Fee and induction of the Ordinary Shares of the Companies into CDS within 90 days i.e. […]

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Private Hospitals & Clinics Association Demand Early Implementation of Health Bill Act in Sindh Province

[ 0 ] April 30, 2012 | General Business News

Karachi: An Executive Committee meeting of Private Hospitals & Clinics Association was held on 29th of April at A.O clinic, Nazimabad under the chairmanship of Dr. Syed Mohammad Ali Shah. Performance of last six month along with issues arisen with the members of the Associations was discussed it was decided that a delegation will visit […]

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