2012 June : AsiaNet-Pakistan

Archive for June, 2012

AKD Quotidian about — Jun’12 Inflation Preview and Outlook

[ 0 ] June 29, 2012 |

Karachi, June 29, 2012 (PPI-OT): While SPI data suggests a hefty 2.9%MoM increase in Jun’12, AKD Securities believes this incorporates a tag impact (SPI was -ive 0.1% in May’12 while CPI was up 1.1%MoM). In this regard, the 0.73%MoM increase in the “Housing, Water, Electricity, Gas and Fuels” category may serve to explain the disconnect […]

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Foreign debt repayments and falling forex reserves – Alfalah Securities Limited

[ 0 ] June 29, 2012 |

Karachi, June 29, 2012 (PPI-OT): Pakistan is all set to repay its third instalment of 71.066 Special Drawing Rights (SDR) or USD 107.5 mn to the International Monetary Fund under Stand-By Arrangement (SBA) today while another repayment of 8.614 SDR or USD 13 mn is due on Monday i.e. July 2, 2012 under the Extended […]

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Ogra proposes a cut in POL prices from July 01 – Alfalah Securities Limited

[ 0 ] June 29, 2012 |

Karachi, June 29, 2012 (PPI-OT): Oil and Gas Regulatory Authority (Ogra) has proposed a decline of up to PkR 6.44 per litre in local petroleum product prices effective from July 1, 2012, as reported in the local newspaper. According to Alfalah Securities Limited, the reduction is proposed mainly on the back of steep drop in […]

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Competition Commission of Pakistan issues show cause notices to urea producers – Alfalah Securities Limited

[ 0 ] June 29, 2012 |

Karachi, June 29, 2012 (PPI-OT): According to newspaper sources, the Competition Commission of Pakistan (CCP) has issued show cause notices to all major urea manufacturers including FFC, FFBL, ENGRO, DH Fertilizers, Fatima Fertilizers, Pak Arab and Agritech for increasing urea prices by 85.88% from PkR 850/50-kg bag in December 2010 to PkR 1,580/50-kg bag in […]

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Honda Atlas raises car prices – Alfalah Securities Limited

[ 0 ] June 29, 2012 |

Karachi, June 29, 2012 (PPI-OT): Honda Atlas (HCAR) has raised the prices of City and Civic cars by PkR 50,000 and PkR 30,000 mainly due to steep devaluation of Pak Rupee against dollar and yen which caused increase in cost of production. According to Alfalah Securities Limited, imported CR-V vehicle and Honda Accord prices have […]

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Ishtiaq Baig appointed Chairman Federation of Pakistan Chambers of Commerce and Industry body on Textile Industry

[ 0 ] June 29, 2012 | General Business News

Karachi, June 29, 2012 (PPI-OT): President Federation of Pakistan Chamber of Commerce and Industry Haji Fazal Kader Sherani has appointed Mr. Ishtiaq Baig as Chairman FPCCI Standing Committee on Textile Industry for the year 2012. Ishtiaq Baig has rich experience in the field of Textile. He is the Vice Chairman of Baig Group. Apart from […]

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CubeXS Weatherly and Microsoft Pakistan announce Launch of Enterprise Cloud Services

[ 0 ] June 29, 2012 | General Business News

Karachi, June 29, 2012 (PPI-OT): CubeXS Weatherly (Private) Limited, first ever Tier-IV compliant Data Center in Pakistan, has launched Enterprise Cloud Services in collaboration with Microsoft Pakistan at a ceremony held in Karachi on 28th June 2012. Pay-As-You-Go model would deliver a customized service with a flexible structure, no startup cost and no minimum term […]

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Central Asian and African Countries are New Destinations of Islamic Finance- Islamic Banking and Financial Industry Lacks Better Human Resources

[ 0 ] June 29, 2012 | General Business News

Lahore, June 29, 2012 (PPI-OT): The First International Forum of Islamic Banks and Financial Institutions held under the patronage of His Excellency, Dr. Fayez al-Tarawneh– Prime Minister of Jordan has come to end today in Amman; the Capital city of Jordan. The Forum was jointly organized by General Council of Islamic Banks and Financial Institutions […]

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State Bank appoints Eleven Primary Dealers for financial year 2012-13

Karachi, June 29, 2012 (PPI-OT): The State Bank of Pakistan (SBP) has appointed eleven Primary Dealers for the next financial year (FY 2012-13) which include JS Bank Limited, Habib Bank Limited, Faysal Bank Limited, NIB Bank Limited, National Bank of Pakistan, Bank Alfalah Limited, Pak Oman Investment Co. Limited, United Bank Limited, Citibank NA (Pakistan […]

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State Bank of Pakistan allows additional two months to exporters for matching performance requirement

Karachi, June 29, 2012 (PPI-OT): The State Bank of Pakistan (SBP) has allowed an additional two months for the exporters having shortfall in required performance under Part-II of the Export Finance Scheme for the monitoring year of 2011-12. This decision has been taken to address exporters’ problems of delay in meeting the export orders due […]

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5th National Inter-Club Women Football Championship-2012 Match Results, Friday, June 29, 2012

[ 0 ] June 29, 2012 | Government Institutions

Lahore, June 29, 2012 (PPI-OT): Karachi-Sindh Football Association Match # 13 Last Match of Karachi Region Diya Star WFC beat TC WFC 7:0 @ KPT Football Stadium, Karachi Scorer Diya: Kiran Ali 3 Goals @ 26, 47, 49 Minutes, Afshan Altaf 2 Goals @ 17, 40 Minutes, Rukhsar Rashid 1 Goal @ 20 Minute and […]

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Jamil Ahmed Khan will Present Commendation Certificates to Pakistanis on Account of Remittances

Islamabad, June 29, 2012 (PPI-OT): “In order to honour the community members who send their hard earned money to Pakistan by legal channels, a special ceremony will be held at the Embassy on 5th July at 3:00 p.m. and all those who have sent remittance to Pakistan to the tune of US$ 15,000/- in a […]

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