April 24, 2012 - AsiaNet-Pakistan

Archive for April 24th, 2012

Libya seeks to enhance economic ties with Pakistan – H.E. Mr. Abdel Salam Mehdi

Islamabad: Pakistan and Libya need to improve their commercial and economic relations to promote bilateral trade and investment by taking advantage of new business opportunities. Head of Libyan Mission, H.E. Mr. Abdel Salam Mehdi Ali al-Rqxi made these remarks while talking to President, Islamabad Chamber of Commerce and Industry (ICCI), Yassar Sakhi Butt during his […]

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Pakistan Museum of Natural History celebrates International Earth Day

[ 0 ] April 24, 2012 | Misc.

Islamabad: (PMNH), Pakistan Science Foundation (PSF), Ministry of Science and Technology, celebrated the International Earth Day by arranging a number of activities for schoolchildren on its premises here on Tuesday. The main activities included tree plantation by children in the Botanical Garden of PMNH, Nature Photography and Nature Poster Competitions among schoolchildren. Over 100 students […]

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Ban imposed on excavation of sand/gravel from Kalpani Nullah in Mardan

[ 0 ] April 24, 2012 | Government Institutions

Peshawar: DCO Mardan has imposed ban on excavation of sand/gravel from Kalpani Nullah near Nawan Killi Bridge on Eastern Bypass in Mardan w.e.f. 23-4-2012. A notification issued Monday said the locals are undertaking unscrupulous excavation of sand/gravel from Kalpani Nullah near Nawan Killi Bridge on Eastern Bypass and thus weakening the foundations of the bridge […]

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Children are the guarantee of the bright future – Minister for Social Welfare

[ 0 ] April 24, 2012 | Government Institutions

Peshawar: The Khyber Pakhtunkhwa Minister for Social Welfare and Women Development Sitara Ayaz has said that children are the guarantee of the bright future and we would never tolerate the children’s exploitation. The elements, those bringing the children on the roads and streets and involve in child labour would be dealt with iron hand. This […]

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Malik calls on Governor Sindh

[ 0 ] April 24, 2012 | Government Institutions

Karachi: Interior Minister Abdul Rehman Malik on Monday called on Sindh Governor Dr Ishrat Ul Ebad Khan at the Governor House here. They discussed the prevailing law and order as well as the steps taken for bringing about improvement in the situation. It was agreed on the occasion that indiscriminate action should continue against elements […]

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AKD Quotidian about — PTC: 9MFY12 Result Preview

[ 0 ] April 24, 2012 | Brokerage

Karachi: PTC will announce its 9MFY12 results tomorrow. According to AKD Securities expects the company’s consolidated earnings for 9MFY12 to stand at PkR7.1bn (EPS: PkR1.39), which would denote a fall of 10%YoY. The fall in earnings comes despite 7%YoY growth in revenues and flat GMs as higher S and A expenses (+9%YoY) coupled with lower […]

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Morning Call about UBL and PSMC 1QCY12 – Arif Habib Limited

[ 0 ] April 24, 2012 | Brokerage

Karachi: UBL: Profitability to rise by 27% YoY in 1QCY12 United Bank Limited (UBL) board meeting is scheduled for April 26, 2012 to consider bank’s 1QCY12 results. According to Arif Habib Limited expects the bank to post net income of PKR 4,155mn (EPS: PKR 3.39) in 1QCY12 compared to PKR 3,273mn (EPS: PKR 2.67) in […]

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GoP’s Ijara Sukuk bids accepted of worth PkR 29.63 billion by SBP – Alfalah Securities Limited

[ 0 ] April 24, 2012 | Brokerage

Karachi: Yesterday, the State Bank of Pakistan (SBP) held an auction of 3-year GoP’s Ijara Sukuk where it has accepted bids of worth PkR 29.63 billion against the offered amount of PkR 50.43 billion by Islamic Financial Institutions. According to Alfalah Securities Limited, The State Bank had targeted PkR 25 billion from the auction of […]

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GoP likely to utilize USD 121 million SABIC loan and Japanese aid for Urea imports – Alfalah Securities Limited

[ 0 ] April 24, 2012 | Brokerage

Karachi: In order to ensure the availability of urea to farmers in the Kharif season, the government is likely to utilize a USD 121mn facility of Saudi Arabian Basic Industries Corporation (SABIC) loan (USD 100 million) and Non-project grant aid (USD 21 million) extended by the Japanese government worth to import 0.3 million tons urea. […]

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Indus Motors increases production in Jan-Mar quarter – Alfalah Securities Limited

[ 0 ] April 24, 2012 | Brokerage

Karachi: Indus Motor Company (INDU) managed to sell 15,002 units of Toyota and Daihatsu brands during 3QFY12 as compared to PKR 15,084 units last year slightly lower by 0.54%. According to Alfalah Securities Limited, however, the production increased by 4.7% to 15,677 units in 3QFY12 as against 14,969 units 3QFY11. Cumulatively, during 9MFY12, the combined […]

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Agri credit disbursement rises by 17% in 9MFY12 – Alfalah Securities Limited

[ 0 ] April 24, 2012 | Brokerage

Karachi: Agricultural credit disbursement by banks surged by 17% YoY to PkR 197.361 billion during 9M FY12 (July-March) against the total disbursement of PkR168.687 billion in 9MFY11. According to Alfalah Securities Limited, as per SBP, overall credit disbursement by five big banks (ABL, HBL, MCB, NBP and UBL) stood at PkR 107.640 billion up by […]

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Pakistan to negotiate Liquefied Natural Gas import from Algeria – Alfalah Securities Limited

[ 0 ] April 24, 2012 | Brokerage

Karachi: Ministry of Petroleum and Natural Resources (MPNR) has started negotiating import of Liquefied Natural Gas (LNG) from Algeria at lower than the international market price after the refusal by Qatar to make a deal at lower than market price. According to Alfalah Securities Limited, the market price is at USD 18 per mmbtu where […]

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