April 6, 2012 - AsiaNet-Pakistan

Archive for April 6th, 2012

Morning Briefing for Apr 06, 2012 – Standard Capital

[ 0 ] April 6, 2012 |

Karachi: Economy round up …GDP, reserves, new federal budget antics Country GDP target to surpass 3.6% and may reach 4% Pakistan in bracing for 4% GDP this year thus surpassing target of 3.6% envisaged at the start of FY12. According to Standard Capital, this enforces Standard Capital’s view that Pakistani economy is resilient and cannot […]

Read More

Moody’s review for downgrading ratings of 14 banks in Pakistan, Jordan, Lebanon

[ 0 ] April 6, 2012 |

Karachi: Moody’s Investors Service would conduct a review of 14 financial institutions in Jordan, Lebanon, Pakistan and Ukraine today for downgrading ratings on the basis of their credit assessments if positioned above their countries’ sovereign debt ratings. According to Alfalah Securities Limited believes the major local banks of Pakistan may experience a cut in entity […]

Read More

Forex reserves further improve

[ 0 ] April 6, 2012 |

Karachi: Pakistan’s Liquid foreign exchange reserves have inched up by USD 64 million (up by 0.39%WoW) to USD 16.505 billion by the week ended on March 30, 2012 from USD 16.441 billion in the previous week. According to Alfalah Securities Limited, reserves held by the Central bank increased by USD 70 million to USD 11.837 […]

Read More

MCB, KASB and UBL interested in HSBC acquisition

[ 0 ] April 6, 2012 |

Karachi: MCB Bank and KASB have shown interest in acquiring Hong Kong and Shanghai Banking Corporation (HSBC) stakes in Pakistan. According to Alfalah Securities Limited, the bank has decided to wind up its operations from Pakistan under the restructuring plan it is examining the potential sale of businesses in Pakistan. In this regard, HSBC has […]

Read More

U.S. Supports Expansion of Pakistani Agricultural Exports – Training agricultural export certifiers will expand Pakistan’s access to international markets

[ 0 ] April 6, 2012 | Embassies

Islamabad: United States-sponsored training for 60 new agriculture export certification experts ended yesterday in Islamabad. Certification that agricultural products meet international standards (including environmental impact, use of chemicals, and worker safety) is a critical step in exporting products to international markets. These newly trained certification experts will help standardize the quality of Pakistani agricultural products […]

Read More

Governments should restrain spending to ensure economic stability in upcoming fiscal year-Yassar Sakhi Butt

[ 0 ] April 6, 2012 | Chambers of Commerce

Islamabad: Governments should find ways and means to reduce its expenditures and balance its budget to ensure macroeconomic recovery. High fiscal deficit and rapid increase in circular and foreign debt that have doubled in the last three years, demand strict fiscal measures and reduction in the non-developmental expenditures should be focused for upcoming budget, Yassar […]

Read More

The Annual Function of Bazm-e-Kiran, an organization engaged in fighting waywardness in society was held at Defence Central Library

[ 0 ] April 6, 2012 | Government Institutions

Karachi: The Annual Function of Bazm-e-Kiran, an organization engaged in fighting waywardness in society was held at Defence Central Library. The speakers highlighted the rapidly spreading trend of waywardness in youth, which was eroding the vitals of society and suggested ways and means for countering the menace effectively. Mr Khalid-ul-Aziz, Honorary Secretary General of the […]

Read More

Two-day women expo starting today

[ 0 ] April 6, 2012 | Chambers of Commerce

Islamabad: A two-day expo organised by Islamabad Women Chambers of Commerce and Industry (IWCCI) is being kicked off today (Saturday) The Women Expo 2012 titled “Women in Creative Industry” will be opened at Jinnah convention centre with an aim to promote women in business and to make their products known. The United Nations Industrial Development […]

Read More

Government, business community synergy to resolve economic crisis: Tariq Sayeed People can live in poverty but cannot stand injustice Businessmen has the power to make a difference Traders asked to adopt the social agenda

[ 0 ] April 6, 2012 | Chambers of Commerce

Islamabad: Vice President CACCI Tariq Sayeed on Friday said synergy between government and business community can resolve economic crisis and put country on the path of progress. Some of the problems are only getting worse because some of the proposals forwarded by key business chambers are not taken seriously, he said. Speaking to business community […]

Read More

Ghani Gases Limited’s Holding of Extra-Ordinary General Meeting

[ 0 ] April 6, 2012 | Board Meetings

Karachi: In compliance with the Honourable Lahore High Court, Lahore order passed in Civil Original No 9/2012, it is to inform you that the Extra-Ordinary General Meeting (EOGM) of the shareholders at Ghani Gases Limited (GGL) will be held and conducted under the Court appointed Chairmen on Thursday May 03, 2012 at 03:30 pm at […]

Read More

First Punjab Modaraba’s Meeting of Board of Directors for Approval of Half Yearly Accounts of First Punjab Modaraba for Half Year Ended December 31, 2011

[ 0 ] April 6, 2012 | Board Meetings

Karachi: Please note that meeting of the Board of’ Directors scheduled for Monday, April 09, 2012 has been deferred for two days for want of quorum. the same shall now he held on April 11, 2012 at 3:00 p.m. The closed period determined by the Modaraba as required by Clause 26 of the Code of […]

Read More

ABL Asset Management Limited – Daily Fund Prices in Pakistani Rupees as of Apr 06, 2012

[ 0 ] April 6, 2012 | Fund News

Karachi:   Date Offer Redemption ABL Income Fund (ABL-IF) Apr 06, 2012 10.0397 10.0397 ABL Stock Fund (ABL-SF) Apr 06, 2012 12.0882 12.7070 ABL Islamic Income Fund (ABL-IIF) Apr 06, 2012 10.0439 10.0439 ABL Goverment Securities Fund (ABL-GSF A) Apr 06, 2012 10.0583 10.0583 ABL Goverment Securities Fund (ABL-GSF B) Apr 06, 2012 10.0531 10.0531 […]

Read More