Karachi, September 20, 2012 (PPI-OT): Strong pricing leads to 2x profitability growth Attock Cement Pakistan Limited (ACPL) posted a 2.1x YoY growth in profitability during FY12 with profit after tax (PAT) of PKR 1,437 million (EPS: PKR 16.59) compared to PKR 722 million (EPS: PKR 7.90) in FY11. According to …

Karachi, September 20, 2012 (PPI-OT): Textile exports for the first two months of FY13 were recorded at US$2.2 billion, down marginally by 1%YoY, where AKD Securities believes that the export performance is still commendable given the sharp fall in int’l cotton prices (-29%YoY). According to AKD Securities, in this regard, …

Karachi, September 20, 2012 (PPI-OT): The two-day 7th Round of Commerce Secretary-level talks between India and Pakistan will start Thursday i.e. September 20, 2012 to strengthen economic and commercial co-operation between the two countries. According to Alfalah Securities Limited, the issues of phasing out of negative list, opening of Wagha …

Karachi, September 20, 2012 (PPI-OT): Securities and Exchange Commission of Pakistan (SECP) has proposed establishing a ‘Securities Investors Protection Corporation’ (SIPC) for safeguarding general nvestors of the stock exchange and to ensure timely payment of their claims in cases of brokerage houses default. According to Alfalah Securities Limited, in this …

Karachi, September 20, 2012 (PPI-OT): ENI Pakistan has announced a major onshore gas discovery at Badhra North B-1, located in the Kirthar Fold Belt region, 350 km north of Karachi. According to Alfalah Securities Limited, The size of the discovery is currently estimated at between 300 to 400 bcf of …

Karachi, September 20, 2012 (PPI-OT): United Bank Limited’s Branchless Banking Division, Omni has introduced a unique service for the first time in Pakistan which enables a customer opening an Omni account to get an ATM Card instantly right at the time of account opening. Omni is the only Branchless Banking …

Karachi, September 20, 2012 (PPI-OT): Sindh Minister for Law and Prisons Muhammad Ayaz Soomro has approved Rs.43,00,000/- as financial assistance to the families of 11 employees of Prisons Department who expired during service, including Superintendents Sikandar Ali Baloch and Abu Bakar Shaikh Rs.800,000/- each , while Head Warder, Falak Sher …