2012 October : AsiaNet-Pakistan

Archive for October, 2012

Rupee devaluation on the rise – Alfalah Securities Limited

[ 0 ] October 31, 2012 |

Karachi, October 31, 2012 (PPI-OT): Pak Rupee has continued to devalue steeply against US dollar due to hefty payments of import proceeds, foreign loans and other obligations. According to Alfalah Securities Limited, the Pak Rupee has dropped steeply to PKR 95.8764 to a dollar on October 30, 2012 as compared to PKR 95.8178 on October […]

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AKD Quotidian about — CPI headed for lowest level in 3yrs

[ 0 ] October 31, 2012 |

Karachi, October 31, 2012 (PPI-OT): Headline CPI inflation has depicted a consistent downtrend to enter single digits in 1QFY13 and AKD Securities expects this trend to continue in Oct’12. According to AKD Securities, while SPI is flattish MoM, AKD Securities expects CPI to increase by 0.5%MoM but still register at a benign 7.7%YoY in Oct’12. […]

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KESC directed to deposit PKR 890 million income tax – Alfalah Securities Limited

[ 0 ] October 31, 2012 |

Karachi, October 31, 2012 (PPI-OT): Tax department has directed the Karachi Electricity Supply Company (KESC) to deposit income tax worth of PKR 890 million collected from the commercial and industrial consumers which has been retained by KESC since July, 2012. According to Alfalah Securities Limited, it is to be deposited immediately to avoid recovery proceedings […]

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Engro announced loss in 3QCY12 results – Alfalah Securities Limited

[ 0 ] October 31, 2012 |

Karachi, October 31, 2012 (PPI-OT): Engro Corporation has posted loss after tax of PKR 443.17 million (LPS: PKR 0.87) in 9MCY12 as against a significant profit of PKR 5,590.39 million last year (EPS: PKR 10.88). According to Alfalah Securities Limited, the decline in profitability is mainly attributed to loss arising from the fertilizer segment due […]

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Islamic Microfinance has solution of all issues relating to poverty: Zubair Mughal

[ 0 ] October 31, 2012 | General Business News

Lahore, October 31, 2012 (PPI-OT): Poverty has become a global problem. Due to the current Global Financial Crisis, even the Developed countries of world are also trying to fight against poverty whereas the solution of all the problems and issues related to poverty lies in Islamic Microfinance. These thoughts were expressed by the Chief Executive […]

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Trade and industry concerned on fire incidents in industrial zones

[ 0 ] October 31, 2012 | General Business News

Karachi, October 31, 2012 (PPI-OT): The trade and industry has expressed its sheer concern over the ever-increasing incidents of fire in Karachi particularly in the industrial areas. In a statement the Chief Patron Korangi Association of Trade and Industry (KATI) S M Muneer, Chairman Mohammad Zubair Chhaya, President All Karachi Industrial Alliance Mian Zahid Hussain […]

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Gas curtailment has severely impacted operations of the fertilizer business

[ 0 ] October 31, 2012 | General Business News

Islamabad, October 31, 2012 (PPI-OT): The Board of Directors of Engro Corporation Limited today announced the financial results for the nine months ended, September 30, 2012. Gas curtailment caused by the flagrant violation of the contractual obligations by SNGPL has severely impacted the operations of the fertilizer business. Consequently, the business made a net loss […]

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Etihad Airways partners with Layton Rahmatulla Benevolent Trust to restore sight of visually impaired patients

[ 0 ] October 31, 2012 | General Business News

Lahore, October 31, 2012 (PPI-OT): Etihad Airways, the national airline of the United Arab Emirates, has partnered with the Layton Rahmatulla Benevolent Trust (LRBT), one of Pakistan’s largest non-governmental organizations, for the transport of human eye corneal tissue from Canada and the UK. As part of its efforts to fight blindness in the country, LRBT […]

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All Pakistan Paper Merchants Association leaves for 6-day visit to China to explore business avenues

[ 0 ] October 31, 2012 | General Business News

Lahore, October 31, 2012 (PPI-OT): A 6-member delegation of All Pakistan Paper Merchants Association (APPMA) has left for 6-day visit to China to explore new business avenues. The leader of APPMA Businessmen Group Khamis Butt is leading the delegation while the other members include Khawaja Nadeem Saeed Wayeen, Shabbir Bhatti, Muhammad Afzal, Ibrar Butt and […]

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Pakistan Football Federation announce Eid-ul-Azha holidays from 25th October to 1st November

[ 0 ] October 31, 2012 | Government Institutions

Lahore, October 31, 2012 (PPI-OT): Match # 132 ZTBL Vs Wohaib FC @ 14:30 PST @ Jinnah Football Stadium, Islamabad, Pakistan Match # 133 Muslim FC Vs NBP @ 14:30 PST @ Government High School, Chaman, Pakistan Match # 134 Baloch FC Vs KESC @ 14:30 PST @ Noshki Football Stadium, Noshki, Pakistan For more […]

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Sri Lanka Airport receives the First Aircraft

[ 0 ] October 31, 2012 | Misc.

Karachi, October 31, 2012 (PPI-OT): A new international airport has been developed in Sri Lanka near the port city of Hambantota to cater for the growing needs of the Sri Lankan Aviation industry. The airport received its first aircraft on 16th October 2012 when a Pakistani aircraft carrying the Flight Inspection team of Pakistan Civil […]

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Dream to eradicate Pakistan People’s Party will never be fulfilled – Jam Mehtab Hussain Dahar

[ 0 ] October 31, 2012 | Government Institutions

Karachi, October 31, 2012 (PPI-OT): Provincial Minister for Revenue Jam Mehtab Hussain Dahar has said that those who are conspirating and trying to harm Pakistan Peoples Party will never be able to succeed in their vested interests. PPP is the representative of crores people and dream to eradicate it will remain a dream forever. This […]

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