Karachi, July 10, 2012 (PPI-OT): PPL intends to participate in bidding of oil and gas exploration blocks in Afghanistan with October being the deadline to bid. According to Alfalah Securities Limited, other contenders include Exxon Mobil Corp, Dubai-based Dragon Oil, Kuwait Energy, India’s ONGC Videsh, Brazil’s Petra Energia, Thailand’s PTT …

Karachi, July 10, 2012 (PPI-OT): Following final payouts for FY – 2012 were approved by the board of directors of Al Meezan in meeting held today (Jul 9, 12): Fund Payout Meezan Islamic Fund (“MIF”) Rs. 8.25 per unit i.e. 16.50%of the par value of Rs. 50/- each Al Meezan …

Karachi, July 10, 2012 (PPI-OT): Karachi Electric Supply Company declared, that the first ever utility sector bonds issued by it, the Rs. 2 billion AZM Term Finance Certificates have been fully subscribed. The history making venture received an overwhelming response from investors, such that the entire subscription has been completed …

Karachi, July 10, 2012 (PPI-OT): Lucky Cement, the largest cement manufacturer in the country has been assessed with a Level Check ‘A’ in its first ever Sustainability Report by the Global Reporting Initiative (GRI). This makes it the only company in Pakistan to receive Level Check A in the year …

Lahore, July 10, 2012 (PPI-OT): First session of Campus Outreach Program is held today for the students of STEP Institute of Professional Development by Lahore Stock Exchange where LSE’s officials interacted with the students. At the event organized at the STEP Institute of Professional Development, Ms. Hifsa Siddiqi, from Investor …

Lahore, July 10, 2012 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has upgraded the stability rating of Pak Oman Advantage Islamic Income Fund (POAIIF) to “AA-(f)” (Double A Minus ; fund rating) [Previous Rating:- “A+(f)”], an open-end Shariah compliant income fund. The fund’s rating denotes very strong capacity to manage …

Lahore, July 10, 2012 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has revised the fund stability rating of Pak Oman Advantage Fund (POAF) a closed-end income fund, to “A+(f)” (Single A Plus ; fund Rating) [Previous Rating:- “AA-(f)”]. The fund’s rating denotes a strong capacity to manage relative stability in …