Karachi, June 11, 2012 (PPI-OT): SBP in its recent June’12 Monetary Policy Statement has kept the Discount Rate unchanged at 12% for the next two months. This is in line with AKD Securities’ expectation where AKD Securities had highlighted risks to monetary easing emanating from inflation outlook due to fiscal …

Karachi, June 11, 2012 (PPI-OT): The Karachi Stock Exchange (KSE) has allowed brokers’ to submit market treasury bills (T-bills) as margin as an alternate to cash for buying stocks and maintaining it at the required level in case of mark-to-market losses. According to Alfalah Securities Limited, KSE has further notified …

Karachi, June 11, 2012 (PPI-OT): State Bank of Pakistan (SBP) has kept the policy rate unchanged in the Monetary Policy Statement (MPS) announced on 8th June, 2012 inline with Alfalah Securities Limited’s expectations. According to Alfalah Securities Limited, this measure is taken amid bleak economic outlook of the country where …

Karachi, June 11, 2012 (PPI-OT): Pakistan Telecommunication Company Limited (PTCL) has won PkR 3.15 bn project of Universal Service Fund (USF) to provide basic telephony and data services in Mastung district, Baluchistan. According to Alfalah Securities Limited, through this project, PTCL would extend services to a population of 74,831 people …

Karachi, June 11, 2012 (PPI-OT): Lucky Cement has shown interest in acquiring 75.81% stake and control of ICI Pakistan for which it would conduct due diligence of the company, as notified to KSE. According to Alfalah Securities Limited, Akzo Nobel intends to retain only its paint business where it holds …

Karachi, June 11, 2012 (PPI-OT): The Government will support the manufacturers through prudent policies and encourage them to enhance the capacity and transfers of technology which will not only benefit local consumers but also increase exports of “Made in Pakistan” motorcycles; this was stated by Chairman Federal Board of Revenue …

Lahore, June 11, 2012 (PPI-OT): Former president of the Lahore Chamber of Commerce and Industry and Advisor of Chief Minister Punjab on Trade Affairs Muhammad Ali Mian has termed the Punjab Budget 2012-13 business and masses friendly. In a press statement issued here Monday, Muhammad Ali Mian said that the …