Karachi, July 20, 2012 (PPI-OT): Engro seeks loan rescheduling to avoid default on TFC The Engro Corp. has approached financial institutions to get rescheduling of its loans as the group is facing a liquidity crunch in the absence of cash flows from its fertilizer business. According to MR Securities is …
Read More »Daily Archives: July 20, 2012
Morning Briefing for July 20, 2012 – Standard Capital
Karachi, July 20, 2012 (PPI-OT): Best banks in Pakistan based on NIMs Today Standard Capital would synthesize best Pakistani bank based on Net Interest Margin (NIM). NIM is considered one of the most important tools to judge any bank’s profitability yardstick. According to Standard Capital, in Pakistan, NIM of banks …
Read More »AKD Quotidian about — FFBL – Mapping out the near term outlook
Karachi, July 20, 2012 (PPI-OT): FFBL has underperformed since its result last week, where despite returning to profitability in 2QCY12, absence of interim dividend disappointed the broader market. While AKD Securities remains cognizant of near terms concerns relating to i) sales risk of DAP given huge inventory pile up and …
Read More »Morning Call about Hub Power Company Limited Electricity – Arif Habib Limited
Karachi, July 20, 2012 (PPI-OT): Payout rises as Narowal comes online in FY12 Hubco recently announced its FY12 financial result posting net earnings of PKR 8,190 million (EPS: PKR 7.08) compared to PKR 5,425 million (EPS: PKR 4.69) in FY11, a rise of 51% YoY. According to Arif Habib Limited, …
Read More »World Bank approves US Dollar5 million grant for Balochistan – Alfalah Securities Limited
Karachi, July 20, 2012 (PPI-OT): World Bank has approved USD 5 million grant for Baluchistan Disaster Management Project (BDMP) to prepare for any natural disaster. According to Alfalah Securities Limited, the cyclone Yemyin of 2007 and the historic floods of 2010 resulted in significant losses to life and property while …
Read More »Forex reserves rise to USD 14.94 billion – Alfalah Securities Limited
Karachi, July 20, 2012 (PPI-OT): The country’ s liquid foreign exchange reserves rose by USD 30.7 million to USD 14.939 billion during the week ended on July 13, 2012 as against USD 14.908 billion a week earlier. Reserves held by SBP rose by USD 5.4 million to USD 10.501 billion …
Read More »Engro seeks loan rescheduling – Alfalah Securities Limited
Karachi, July 20, 2012 (PPI-OT): Engro Corporation Ltd. (Engro) is reported to have approached financial institutions to get its loan rescheduled as it is facing a liquidity crunch mainly due to low productivity from the fertilizer business in the wake of gas supply curtailment. According to Alfalah Securities Limited, Engro …
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