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Karachi, June 21, 2012 (PPI-OT): MF-CIB to open access to credit for millions: Yaseen Yaseen Anwar, Governor, State Bank of Pakistan (SBP) on Wednesday said that Microfinance-exclusive Credit Information Bureau will help Microfinance Banks (MFBs) and Microfinance Institutions (MFIs) develop robust risk management system and practices. According to MR Securities, …
Read More »Daily Archives: June 21, 2012
Morning Call about Fertilizer – Arif Habib Limited
Karachi, June 21, 2012 (PPI-OT): Uptick in urea offtake adds credence to Cess pass through Jun-12 urea sales poised to rise Arif Habib Limited’s industry checks suggest that offtake of locally produced urea is likely to register a substantial increment of more than 100% MoM in May-12, with even conservative …
Read More »Pakistan’s oil import bill mounts to USD 13.94 bn in 11MFY12 – Alfalah Securities Limited
Karachi, June 21, 2012 (PPI-OT): Keeping in view the high international crude oil prices during the current fiscal year, steep devaluation of Pak Rupee against US Dollar and economy’s dependence on imported fuel, the country’s oil import bill has surged to USD 13.94 bn in the 11MFY12 against USD 10.46 …
Read More »Summit Bank to raise PkR 2.15bn by issuing preference shares – Alfalah Securities Limited
Karachi, June 21, 2012 (PPI-OT): The Board of Directors (BoD) of Summit Bank Limited has announced in a meeting held yesterday to issue convertible preference shares at a par value of PkR 10 per share having a fixed dividend rate of 5% per annum for a period of five years …
Read More »Pakistan State Oil and Parco signs accord – Alfalah Securities Limited
Karachi, June 21, 2012 (PPI-OT): Pakistan State Oil (PSO) and Pak Arab Refinery Ltd. (Parco) have signed an agreement to provide petroleum products to PSO from Parco’s mid-country refinery. According to Alfalah Securities Limited, PSO will get the supply as per its market share. As per the terms of the …
Read More »Re-introduction of Odd Lot Market – Alfalah Securities Limited
Karachi, June 21, 2012 (PPI-OT): As per the KSE Notice, the Odd Lot Market is scheduled to be reintroduced from July 23, 2012. The board of Karachi Stock Exchange has approved two Cash Markets comprising of a Ready Market with Marketable Lots and a separate Odd Lot Market. According to …
Read More »Engro Foods wins IFC ManagedG20 Challenge on Inclusive Business Innovation
Karachi, June 21, 2012 (PPI-OT): The Group of 20 announced the winners of the G20 Challenge on Inclusive Business Innovation, a global competition managed by IFC, a member of the World Bank Group. Engro Foods Limited, a subsidiary of Engro Corp Ltd., was recognized for establishing milk procurement infrastructure in …
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