Karachi, September 26, 2012 (PPI-OT): As per data released by NFDC, fertilizer offtake remained subdued during Aug’12 where urea and DAP offtakes were recorded at 322k tons (-17%MoM) and 53k tons (-47%MoM), respectively. According to AKD Securities, as a result, 8MCY12 urea and DAP offtakes stood at 3.46 million tons, …

Karachi, September 26, 2012 (PPI-OT): Urea sales plunge by a 17% MoM in August 2012 The National Fertilizer Development Centre (NFDC) has released fertilizer production and offtake figures for the month of Aug-12. Urea sales continue to slide, 17% MoM and 42% YoY Urea off take during Aug-12 declined by …

Lahore, September 26, 2012 (PPI-OT): The University of Veterinary and Animal Sciences (UVAS) Vice Chancellor Prof Dr Talat Naseer Pasha has said that poultry sector is vibrant and fast growing industry after textile. It has immense export potential to the neighbouring countries. He was addressing at inaugural session of three-week …

Karachi, September 26, 2012 (PPI-OT): JCR-VIS Credit Rating Company Limited has reaffirmed the rating of TFC-III of Standard Chartered Bank (Pakistan) Limited (SCBPL) at ‘AAA’ (Triple A) with ‘Stable’ Outlook. The assigned rating takes into account the strong franchise established by the bank in the local market, as evidenced by …

Karachi, September 26, 2012 (PPI-OT): JCR-VIS Credit Rating Company Limited has upgraded the entity ratings of Habib Bank Limited (HBL) to ‘AAA/A-1+’ (Triple A/A-One Plus) from ‘AA+/A-1+’ (Double A Plus/A-One Plus). Outlook on the ratings is ‘Stable’. HBL has continued to demonstrate sustained growth in a challenging economic environment. HBL’s …

Lahore, September 26, 2012 (PPI-OT): The President of the Lahore Chamber of Commerce and Industry Irfan Qaiser Sheikh has urged the government to focus on equipping the students with right skills and information technology based knowledge as the maximum utilization of the human potential is key to success and a …

Lahore, September 26, 2012 (PPI-OT): The German Ambassador Dr. Cyrill Nunn has said that in four weeks time Pakistan will be able to benefit from preferential trade arrangement that would allow low-tariff exports to the European Union. The Ambassador was speaking at the Lahore Chamber of Commerce and Industry on …