Karachi, August 31, 2012 (PPI-OT): According to Adeel and Nadeem Securities Limited the Technical Analysis for August 30, 2012: Share Support-2 Support1 Resistance-1 Resistance-2 KSE-100 15,023.12 15,084.78 15,218.13 15,297.64 ATRL 122.49 124.11 127.62 129.20 OGDC 170.31 172.61 177.01 179.25 PPL 217.50 219.84 225.62 229.80 POL 415.02 418.29 425.26 429.31 NBP …

Karachi, August 31, 2012 (PPI-OT): Lower provisioning drives the bottom line growth Profitability up by 22% YoY in 1HCY12 Bank Alfalah Limited (BAFL) posted net earnings growth of 21.9% YoY in 1HCY12 as provisioning against non-performing loans dropped by 41% YoY. According to Arif Habib Limited, however, the net income …

Karachi, August 31, 2012 (PPI-OT): Pakistan Telecommunications Company Limited (PTCL), country’s leading telecommunications network, has launched an exciting new ‘Freedom Package’ for its PSTN customers offering the freedom to make unlimited nationwide calls from PTCL to PTCL and Vfone (On-Net) PTCL has launched the ‘Freedom Packages’ keeping in view the …

Karachi, August 31, 2012 (PPI-OT): The Atlas Group and DENSO Corporation (DENSO) today announced an agreement to establish a new Joint Venture in Pakistan to launch a project Atlas Hitec (Pvt.) with an initial combined equity investment of US $7.2 million. The agreement will strengthen the already close co-operation between …

Islamabad, August 31, 2012 (PPI-OT): The Pakistan Economy Watch (PEW) on Friday said economy is showing no signs of recovery despite recent cut in policy rate by the State Bank. Reduction in the interest rates have not motivated commercial banks to start lending to the private sector as they still …

Lahore, August 31, 2012 (PPI-OT): Raja Basharat, Advisor to PM on Industries visited Women Business Incubation Center (WBIC) developed by the Small and Medium Enterprises Development Authority (SMEDA). Mr. Yousaf Naseem Khokhar, Chief Executive Officer, Mr. Khurram Khan, GM- Central Suport of SMEDA along with other senior official received him …

Islamabad, August 31, 2012 (PPI-OT): The Minister of External Affairs of India will be visiting Pakistan on 7-9 September 2012, for holding review meeting with the Foreign Minister at her invitation. The bilateral talks will take place on 8 September 2012. These talks will be preceded by a meeting of …