Karachi, September 27, 2012 (PPI-OT): Weighted average banking spreads have registered at 6.95% in Aug’12, down 64bpsYoY/10bpsMoM. According to AKD Securities, this is the first time since Jun’08 (when savings a/c rate floor was introduced) that spreads have slipped below 7% while banks earlier sustainably witnessed 7% spreads across CY03-mid …

Karachi, September 27, 2012 (PPI-OT): Down it goes again! Headline inflation to clock in at 8.7% for the month of Sep-12 With the inflation figures for the month of Sep-12 soon to be released by Pakistan Bureau of Statistics (PBS), Arif Habib Limited estimates it to clock in at 8.7% …

Karachi, September 27, 2012 (PPI-OT): Securities and Exchange Commission of Pakistan (SECP) has implemented 5 manuals for greater transparency and efficiency, which deal with inspection, enquiry/investigation, adjudication, litigation and offsite surveillance with the names Inspection Manual, Offsite Surveillance and Monitoring Manual, Enquiry and Investigation Manual, Adjudication Manual and Litigation Management …

Karachi, September 27, 2012 (PPI-OT): The government raised PKR 37.5 billion through auction of Pakistan Investment Bonds (PIBs) held on Wednesday, September 26, 2012. According to Alfalah Securities Limited, the highest amount of PKR 15 billion was realized for 5 years PIBs while PKR 13.5 billion for 3 years bonds …

Karachi, September 27, 2012 (PPI-OT): JCR-VIS Credit Rating Company Ltd. has upgraded the entity ratings of Habib Bank Ltd. (HBL) to ‘AAA/A-1+’ (Triple A/A-One Plus) from ‘AA+/A-1+’ (Double A Plus/A-One Plus) with Stable Outlook. According to Alfalah Securities Limited, HBL has shown sustained growth and strong access to granular and …

Karachi, September 27, 2012 (PPI-OT): Supreme Court (SC) has given a deadline of Oct 05, 2012 on NRO implementation case to the government to finalize the letter to be sent to Swiss Authorities or else SC will go for the Contempt of Court proceedings against the government. According to Alfalah …

Karachi, September 27, 2012 (PPI-OT): At the Annual General Meeting of the members of All Pakistan Textile Mills Association, Sindh-Balochistan Region, held on Thursday, 27th September, 2012, Mr. Muhammad Yasin Siddik has been re-elected un-opposed as CHAIRMAN of APTMA, SB Region for the second term i.e. 2012-13. Mr. Muhammad Yasin …