Islamabad: “Shared vision and collaborative efforts at Public and the Private sector level can mitigate the impact of climate change and cooperation in energy can help south Asia for it transformation from energy constraint to energy surplus region.” This was stated by Hon’ble Prime Minister of the Kingdom of Bhutan while inaugurating two-day Conference on […]
Islamabad: Senior Commerce Minister Mr. Makhdoom Amin Fahim expressed deep sorrow and grief over the sad demise of Provincial Minister Abdul Salam Thaheem on Sunday. He was one of the oldest leaders of Pakistan People’s Party and a close companion of Shaheed Mohtarma Bhutto, added by Commerce Minister. The minister also prayed for eternal peace […]
Islamabad: 2012 marks the 60th anniversary of Her Majesty Queen Elizabeth II’s reign and the 60th anniversary of when she became Head of the Commonwealth. Guests from all over Pakistan gathered at the British High Commission in Islamabad last evening to mark Her Majesty Queen Elizabeth II’s 86th birthday. Over one thousand people attended including […]
Karachi: Sindh Governor, Dr. Ishrat Ul Ebad Khan, Saturday directed that heirs of the victim of Bhoja Airline plane crash be facilitated and assisted. He issued directive to this effect to the Administrator of KMC and Commissioner Karachi. Dr. Ebad said that the heirs of the crash victims be assisted in taking the bodies to […]
Islamabad: Dr. Fehmida Mirza, Speaker and Faisal Karim Kundi, Deputy Speaker, National Assembly have expressed their heartfelt grief and sorrow over the death of Abdul Salam Thaheem, Sindh Minister for Technical Education. In their separate condolence messages to the members of bereaved family the Speaker and Deputy Speaker expressed their heartfelt grief and sorrow over […]
Karachi: Capital gains tax, high interest rates and uncertainty With capital gains tax in place, profitability will decrease and therefore much needed investment from both within and abroad will not flow into the capital market. According to MR Securities, instead it may even force existing investors to withdraw their investments from the country’s stock exchange. […]
Karachi: Pakistan State Oil Company is scheduled to announce its 9MFY12 result later today where AKD Securities expects NPAT of PkR7.3bn against NPAT of PkR9.26bn reported in the same period last year. According to AKD Securities, the result translates into an EPS of PkR42.63 versus EPS of PkR53.98 in 9MFY11, a decline of 21%YoY mainly […]
Karachi: ENGRO Foods Analyst Briefing Notes 1QCY12: Top line growth leads to bottom line gains Result Review 1QCY12: Top line growth leads to bottom line gains EFOODS reported 1QY12 top line of PKR9.6bn, up 50% YoY, from PKR6.3bn in the same period last year. According to Elixir Securities Limited, operating margin expanded to 9.8% from […]
Karachi: Hub Power Company Limited (HUBC) is scheduled to announce its 9MFY12 financial results on April 25, 2012. According to Arif Habib Limited expects that the company will earn profit after tax (PAT) of PKR 4,727mn (EPS: PKR 4.08) compared to PKR 4,284mn (EPS: PKR 3.70) in the corresponding period last year, projecting a 10% […]
Karachi: Afghanistan and India have agreed on a transit fee of 49.49 US cents per MMBTU for Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project. According to Alfalah Securities Limited, Pakistan will be charging the transit fee from India as agreed with Afghanistan. The upstream issues will be settled at the steering committee of the project on May […]
Karachi: The country’s services trade deficit crossed USD 2 billion during 9MFY12 on the back of higher imports and a slowdown in exports. According to Alfalah Securities Limited, major decline in the exports of financial, communications and government services has resulted in a rise in deficit. The sector’s deficit mounted to USD 2.131bn in 9M […]
Karachi: Keeping in view the rising concerns on how to repay foreign debt obligations in the absence of an external support, the economic managers of Pakistan are considering seeking yet another loan from the International Monetary Fund (IMF) amid fears that the country may be unable to repay an instalment of USD 1.35 billion (of […]
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