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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’ …
Read More »Monthly Archives: April 2012
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
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 …
Read More »WB approves USD 550m for education gas sectors – Alfalah Securities Limited
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 …
Read More »Rupee component of PSDP slashed by PkR 51 bn – Alfalah Securities Limited
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 …
Read More »Country gets USD 1.16 bn foreign inflows during Jul-Apr FY12 – Alfalah Securities Limited
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 …
Read More »Pakistan’s oil import bill mounts to USD 11.16 bn in 9MFY12 – Alfalah Securities Limited
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 …
Read More »GoP collects PkR 35-40 bn from GIDC during 9MFY12 – Alfalah Securities Limited
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 …
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