Karachi, July 05, 2012 (PPI-OT): State-Owned Enterprises: Centre denies doling out Rs 400 billion bailout packages According to MR Securities, The Finance Ministry has said that the federal government has categorically denied doling out bailout packages worth Rs 400 billion annually to State-Owned Enterprises (SOEs) Chinese help sought for easing …

Karachi, July 05, 2012 (PPI-OT): FFBL: Strong Jun-12 sales to prop up bottom line The meeting of the board of directors of Fauji Fertilizer Bin Qasim Limited (FFBL) is scheduled for July 13, 2012, to approve the financial results for 1HCY12. Jun-12 offtake to save the day Unofficial fertilizer offtake …

Karachi, July 05, 2012 (PPI-OT): The federal government has approved a cess of PKR 50 per bale as against the current Cess of PKR 20 per bale in order to go for a functional restructuring of Pakistan Central Cotton Committee (PCCC) which is established under Cotton Cess Act, 1923, and …

Karachi, July 05, 2012 (PPI-OT): As reported in the local newspaper, the dispatches of cement were recorded higher in FY12 as compared to last year. According to Alfalah Securities Limited, the local dispatches increased by 8.84% to 23.947 million tons in FY12 while the export witnessed a drop of 9.12% …

Karachi, July 05, 2012 (PPI-OT): Pakistan is likely to get an amount of USD 1.5 billion under Coalition Support Fund (CSF) by December 2012 as a consequence of resumption of Nato supplies after receiving an apology from US on killings of soldiers at Salala check post. According to Alfalah Securities …

Karachi, July 05, 2012 (PPI-OT): In an unbeatable new offer, Pakistan Telecommunication Company Limited (PTCL) has launched an attractive double balance package for its Vfone customers, giving absolutely free additional balance equal to the loaded amount. PTCL’s Vfone customers can avail this double balance offer if their Vfone account has …

Karachi, July 05, 2012 (PPI-OT): National Investment Trust Limited (NITL), the first and largest Asset Management Company of Pakistan has declared outstanding results along with remarkable payouts for all Funds under its management for the year ended 30th June 2012. This was stated by Chairman/Managing Director – NIT, Mr. Wazir …